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POTENTIAL DEFENCES AGAINST PRODUCT LIABILITY CLAIMS IN NIGERIA AND THE NEED FOR EFFECTIVE RISK MANAGEMENT STRATEGIES

by Stren & Blan Partners | Dec 11, 2023 | Uncategorized

Introduction: Every business runs risks. Whether it is a large, medium, or small-scale enterprise; registered or otherwise. The failure or success of businesses is largely dependent on their ability to manage their risks. Such risks could be economic, political, or...

CAC TO ENFORCE N100,000,000 MINIMUM PAID-UP SHARE CAPITAL ON COMPANIES WITH FOREIGN PARTICIPATION

by Stren & Blan Partners | Dec 7, 2023 | Uncategorized

On 5th December 2023, the Corporate Affairs Commission (Commission) issued a public notice signaling a pivotal shift in the minimum paid-up capital requirements for companies operating in Nigeria with foreign participation. This directive is in adherence to the...

THE CENTRAL BANK OF NIGERIA’S CIRCULAR ON BANK VERIFICATION NUMBER AND NATIONAL IDENTITY NUMBER COMPLIANCE

by Stren & Blan Partners | Dec 6, 2023 | Uncategorized

The Central Bank of Nigeria (the “CBN”) on 1 December, 2023, in its continuous efforts to promote financial system stabilityand accountability, has issued a crucial amendment to the Regulatory Framework for Bank Verification Number (BVN) Operations and Watch-List for...

CORPORATE AFFAIRS COMMISSION TO COMMENCE FULL APPLICATION OF PENALTIES FOR FAILURE TO FILE ANNUAL RETURNS BY COMPANIES

by Stren & Blan Partners | Nov 28, 2023 | Uncategorized

The Corporate Affairs Commission (CAC) has recently issued a public notice that serves as a timely reminder to all companies operating in Nigeria about the importance of filing annual returns and the consequences of non-compliance, clearly stipulating the penalties...

EXTENSION OF THE VALIDITY PERIOD OF THE INVESTMENT AND SECURITIES (EXEMPTION OF STATE GOVERNMENTS, ETC) ORDER 2019

by Stren & Blan Partners | Nov 24, 2023 | Uncategorized

INTRODUCTION The Securities & Exchange Commission (“SEC”) on the 22nd of September 2023, published a statement (the “Press Release”) informing the public that the Federal Ministry of Finance has approved a further extension of the validity period of the Investment...
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