We are pleased to announce that our Madu Gadzama and Olasunkanmi E. Oluwabiyi Esq., recently contributed to the International Arbitration in Nigeria guide published by MONDAQ.

To have access to the guide, kindly click on the link below: https://www.mondaq.com/nigeria/litigation-mediation-arbitration/1110014/international-arbitration-comparative-guide 

The Central Bank of Nigeria on the 14th of July,2020, released a new batch of guidelines to facilitate an improved credit repayment system, reduce nonperforming loans, and take action against loan defaulters.

Information is the key to sustaining a healthy living in every society. To underscore the importance of this, several international treaties have made provisions for the protection rights of the masses to information.

There is every need to religiously and dutifully enforce the letters and spirit of the Nigerian Maritime Administration Agency's (NIMASA) Guidance Notice for COVID-19 and review it from time to time.

he Nigerian Maritime Administration Agency (NIMASA) issued a notice extending the validity of Statutory and Trading Certificates for all Nigerian Registered vessels including the Standards of Training Certification and Watch-Keeping (STCW), to all Ship Owners, Shipping Agents, Operators, Masters, Seafarers, Flag States, Port States, Recognized Organizations and the Public,as a result of COVID-19.

The Federal Government of Nigeria has in recent times been committed to the exploration of idle oilfields in the country to generate the much needed internally generated revenue (IGR) to finance the government's ever increasing expenditures and to promote indigenous participation in the oil and gas sector.

The Federal Government of Nigeria, through the Department of Petroleum Resources (DPR) in order to accommodate more prospective bidders for the marginal oilfields, has extended the bids
by two (2) weeks.

The FIRS in a bid to raise the needed revenue to assist government in the administration of the country, and in view, of the drastic effect of the COVID-19 in the economy has issued a Public Notice, which staes that it will resume audit, investigations and monitoring exercises that it had suspended on April 6,2020.

The Federal Inland Revenue Service (FIRS) has extended the deadline on the waiver of penalty and interest for taxpayers as part of its series of palliative measures to cushion the effects of COVID-19 on businesses and the economy in general.

The President of Nigeria assented to the Finance Bill (now Finance Act) on January 13, 2020, and it hugely altered and impacted some provisions of the Companies Income Tax Act (CITA) amongst
others.