CBN’s Differentiated Cash Reserves Requirement and Corporate Bond Funding Program: A Game Changer in Private Sector Lending?September 27, 2018
Recently, the Central Bank of Nigeria (CBN) issued guidelines (Guideline) for accessing its Real Sector Support Facility (RSSF) comprising the Differentiated Cash Reserves Requirement (DCRR) Regime and the Corporate Bond (CB) Funding Program. This innovative initiative forms part of the macro prudential tools being deployed by CBN under its expansionary monetary policy drive to stimulate affordable long-term credit to critical sectors of the Nigerian economy.
The ‘NIGERIA AIR’ Domain Name Saga – A case of a Stitch in Time…?September 3, 2018
When Senator Hadi Sirika, Honourable Minister of State for Aviation, said that the long-lost dreams of Nigeria Airways were restored with the unveiling of the new national flag carrier/airline little did he know that the headlines would be something that appeared ‘small’ yet had an ability to generate such furore.
Should Ad Valorem Stamp Duties Apply to Loan Agreements? A Legal AnalysisAugust 1, 2018
Sometime in the second half of year 2016, the Federal Inland Revenue Service (“FIRS”) issued a notice titled “Establishment of Stamp Duties Offices in all States of the Federation and the FCT”, which contained a list of instruments, items and applicable stamp duty rates chargeable by the FIRS.
Is The Cybersecurity Levy A Veiled Cybertax?July 12, 2018
The Central Bank of Nigeria (CBN), pursuant to the Cybercrimes (Prohibition, Prevention etc) Act (2015) (the ‘Cybercrimes Act), recently released a Circular dated 25th June, 2018 directing all Mobile Money Operators (MMOs) and other affected Payment Service Providers (PSPs) to comply with the statutory provision for the collection and remittance of the 0.005 levy imposed on electronic transactions by July 1, 2018.
Executive Order 005: Any Impact on Migration of Expatriates?July 4, 2018
The Nigerian Government has been proactive in initiating policies and directives aimed at improving the general business climate in Nigeria. Some of these policies and directives have been issued as Presidential Executive Order. The latest being the Executive Order 005, titled ‘The Presidential Executive Order – For Planning and Execution of Projects, Promotions of Nigerian Content in Contracts and Science, Engineering and Technology’ (E05).
Technology, Media & Entertainment Sector Head, Ngozi Aderibigbe Addresses Data Protection Law in Nigeria in New GuideJune 28, 2018
This edition covers Data Protection in Nigeria, providing insight on relevant legislation, competent authorities, definitions, territorial scope, key principles, and individual rights.
Is the Imposition of Fines by Regulatory Agencies without recourse to the Court unconstitutional?June 3, 2018
One of the enforcement techniques utilized by regulatory agencies to ensure compliance by individuals and entities within the purview of their enabling laws, is the imposition of fines.
Jackson, Etti & Edu Partner, Fola Olusanya named 2017 Client Choice Award Winner for Mergers & Acquisitions in NigeriaFebruary 21, 2018
The transaction team was led by Partner, Folasade Olusanya assisted by Senior Associates Kunle Soyibo and Kingsley Opia-Enwemuche, along with Associates Ekiomado Ewere-Isaiah and Aramide Oyeneyin.