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...
