Authors: Ugochukwu Nwaokike, Ibukun Adebara The CBN, like other Central Banks globally, has commenced preparation for the issuance and operation of Central Bank-issued Digital Currency (CBDC). This project is driven by a collaboration between the CBN and its technical partner, Bitt. Inc. A CBDC is a digital representation of a fiat currency, denominated in an existing unit of account, …
More →This piece highlights some of the key provisions of the law that participants in the industry and the general public need to know.
More →The new CAMA 2020 is not an amendment of the old CAMA, it is an Act to repeal the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria, 2004 and enact the Companies and Allied Matters Act, 2020. This report seeks to address the impact of the Act on foreign private …
More →Authors: Okorie Kalu[1] Tobenna Nnamani[2] Introduction Many jurisdictions have enacted statutes which sanction netting and set-off in relation to financial markets. They have done so primarily to reduce systemic risk because of the very large amounts involved i.e. that a default by one institution may bring down others at the cost of the financial system …
More →Download PDF President Muhammadu Buhari on Friday, 7th of August 2020 in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The new Act which repeals the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria, 2004 and enact the Companies and Allied Matters …
More →The outbreak and rapid widespread of Corona Virus (Covid-19) in Nigeria currently constitutes a threat and poses several challenges to business owners in respect of its continuity as a going concern. To tackle this pandemic menace, the Federal Government rolled out various economic survival measures and intervention funds to support business continuity and preserve the …
More →Introduction The chain reaction and disruption by the COVID-19 pandemic is not restricted to mankind but to Governments, regulation, contracts and businesses (including law firms and service-based business). The update below will consider these and possible palliatives COVID 19 and Commercial Contracts Whilst the law is designed to uphold the sanctity of consensual executory contracts[1] …
More →Our Senior Associate, Iheanacho Dike Udensi, at the Lawyers Associated Worldwide(LAW) 2019 Annual General Meeting held recently in Munich. See Images
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More →Introduction On the 15th of January 2019, the Vice President of the Federal Republic of Nigeria and the Honorable Minister of Industry, Trade and Investment unveiled the Nigerian Code of Corporate Governance 2018 (The Code) issued by the Financial Reporting Council of Nigeria (FRC). The Code was drafted pursuant to Sections 11(c) and 51(c) of …
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