Federal Legislation

Central Bank of Nigeria (Establishment) Act

  • January 12, 2024
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An Act to repeal the Central Bank of Nigeria Act 1991 and to establish the Central Bank of Nigeria Act; and for related matters. ENACTED by the National Assembly of the Federal Republic of Nigeria. 1.      Establishment of the Central Bank of Nigeria  2.  Objects of the Bank The principal objects of the Bank […]

Federal Legislation

Capital Gains Tax Act

  • November 28, 2023
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Subject to the provisions of this Act there shall be charged a tax to be called capital gains tax for the year of assessment 1967-68 and for subsequent years of assessment in respect of any capital gains, that is to say, gains accruing to any person on or after 1 April 1967 on a disposal […]

Federal Legislation

Arbitration and Conciliation Act

  • November 28, 2023
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An Act to provide a unified legal frame work for the fair and efficient settlement of commercial disputes by arbitration and conciliation; and to make applicable the Convention on the Recognition and Enforcement of Arbitral Awards (New York Convention) to any award made in Nigeria or in any contracting State arising out of international commercial […]

SCP Guides

NDPR Compliance: A Guide for Businesses

  • November 28, 2023
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The Nigeria Data Protection Regulation 2019 (the “NDPR” or “Regulation”) is Nigeria’s principal legal framework for the protection of personal data. The NDPR is undeniably modelled after the GDPR of the EU and represents the country’s first wholesale attempt to regulate the use and processing of personal data. The NDPR is not specifically targeted at […]

SCP Guides

 A Compact Guide to Living Trusts

  • November 28, 2023
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As we progress through life and acquire assets, effective estate planning becomes increasingly crucial. A practical  and flexible approach to safeguarding legacies during a person’s lifetime and an eventual smooth transfer after death is through the creation of a living trust. At SimmonsCooper Partners, we understand the importance of estate planning during and after death, […]

SCP Guides

Commercial and Civil Litigation Cluster Guide

  • November 28, 2023
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Commercial disputes are an inherent part of the business landscape. They can arise due to various reasons, such as contract breaches, disagreements over terms, or conflicts between business partners. Resolving these disputes efficiently and effectively is crucial for maintaining healthy business relationships and minimizing potential financial and reputational losses. Effective dispute resolution strategies are essential […]