by Stren & Blan Partners | Jan 2, 2024 | Uncategorized
The Corporate Affairs Commission (the Commission) had earlier issued public notices dated 31st July 2023 and 2ndNovember 2023, in which it expressed its intention to enforce stiffer penalties for failure to file annual returns as prescribed by Companies Regulations...
by Stren & Blan Partners | Dec 29, 2023 | Uncategorized
1. Introduction. Artificial intelligence (AI) is rapidly transforming societies around the world, bringing both immense benefits and potential risks. As AI becomes increasingly integrated into our lives, it is crucial to develop effective regulatory frameworks to...
by Stren & Blan Partners | Dec 19, 2023 | Uncategorized
Regulations governing foreign investment in Nigeria have evolved with the times, becoming comprehensive and accommodating. Foreign entities looking to invest in Nigeria will encounter a flexible, well-structured, and highly beneficial system, allowing them to...
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...