by Stren & Blan Partners | Dec 18, 2023 | Uncategorized
The subject of ship arrest is of paramount importance to the international shipping and trading community. It is also an area that traditionally has been subject of divergent approaches by different legal systems. Civil law systems allow arrest for any claim against...
by Stren & Blan Partners | Dec 15, 2023 | Uncategorized
The Nigeria Inter-Bank Settlement System PLC (NIBSS) had on the 5th of December 2023 issued a directive to all financial institutions instructing them that non-deposit-taking financial institutions be delisted from the commercial banks outward transfer channels (the...
by Stren & Blan Partners | Dec 14, 2023 | Uncategorized
In a letter dated 28 November 2023, the Ministry of Finance officially announced the exemption of imported Liquefied Petroleum Gas (LPG) from Value Added Tax (VAT) and Customs Duty. This letter was addressed to key stakeholders, including the Special Adviser to the...
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...
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...
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...
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...
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...
by Stren & Blan Partners | Nov 22, 2023 | Uncategorized
The Nigeria Data Protection Act (NDPA) 2023 was recently passed as a comprehensive legal framework in Nigeria providing for compliance and best practices in data processing for all companies in Nigeria that process the personal information of persons resident in...
by Stren & Blan Partners | Nov 15, 2023 | Uncategorized
INTRODUCTION In the last decade, the sovereign debt of developing countries in Africa has almost doubled with the effects of the recent COVID-19 pandemic being one of the contributors. Globally,the Ukraine-Russia war is having detrimental effects on global financial...
