by Stren & Blan Partners | Jan 21, 2025 | Insight
The Lagos State Internal Revenue Service (LIRS) recently issued a Notice (the “Notice”) to employers in the State to file their annual tax returns for the 2024 financial year on or before 31st January 2025. Pursuant to Section 81(2) of the Personal Income Tax Act....
by Stren & Blan Partners | Jan 6, 2025 | Insight
Nigeria currently experiences a wave of divestments by international oil companies (IOCs), an increased attention is being directed towards the decommissioning of ageinginfrastructure. This has prompted the urgent need for decommissioning strategies that are...
by Stren & Blan Partners | Jan 3, 2025 | Insight
In the last quarter of 2024, Nigeria’s oil and gas sector experienced a slight development from the previous quarter. In October 2024 the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)recorded a decline in crude oil production from 1.54 million...
by Stren & Blan Partners | Dec 30, 2024 | Insight
The Trademarks Registry (TMR) released two journals on 18 and 25 October 2024. Interested persons had until 18th and 25th December 2024 respectively, to oppose the registration of any trademark in the journals. The TMR has now received notices of opposition filed by...
by Stren & Blan Partners | Dec 30, 2024 | Insight
The Central Bank of Nigeria (CBN) in a circular dated 29 November 2024, issued the Revised Guidelines for the Nigerian Foreign Exchange Market (“NFEM”) (the “Guidelines”), marking a significant shift in how foreign exchange transactions are to be conducted in Nigeria....