‘We’ll provide aid for victims of rights violations’
Sep 17, 2019 – Legal News by Source:- www.dailytrust.com
The Avocats Sans Frontières France (ASF France), also known as Lawyers Without Borders, France, has reiterated its determination to provide legal aid for victims of human rights violations in Nigeria. The Head of ASFF in Nigeria, Angela Uwandu, made this known in Abuja, during a training session for lawyers on […]
Future of Oil Industry Bright, OPEC Insists
Sep 17, 2019 – Legal News by Source:- www.thisdaylive.com
The Organisation of Petroleum Exporting Countries (OPEC) has said it does not believe in repeated predictions that the end was near for oil as a major energy source of the world, stating that contrarily oil has a bright future. OPEC’s […]
Uduk: Capital Market Key to Economic Growth, Development
Sep 12, 2019 – Legal News by Source:- www.thisdaylive.com
The acting Director General of the Securities and Exchange Commission (SEC), Ms. Mary Uduk, has said the capital market can serve as a key catalyst for Nigeria’s economic growth and development because it offers a credible platform for obtaining long- term financing. Uduk, stated this during the opening ceremony of […]
Xenophobia: Nigeria vs S/Africa application a test case -African Court
Sep 10, 2019 – Legal News by Source:- www.dailytrust.com
As the Federal Government mulls filing an application before the African Court of Human and Peoples’ Rights against the South African government over the xenophobic attacks against Nigerians, the court says it will be a test case in inter-state applications. In an emailed message on Monday, the registrar of the […]
Rewane: Exchange Rate Unification Will Enhance FDI
Sep 6, 2019 – Legal News by Source:- www.thisdaylive.com
The Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, in this interview says steps taken so far to reduce the divergence in exchange rates in the country will has helped to reduce market abuse and sharp practices. Peter Uzoho presents the excerpts: In your opinion, what are the […]
CBN Urges Fintechs, Payment Service Providers to Adhere to Standards
Sep 6, 2019 – Legal News by Source:- www.thisdaylive.com
The Central Bank of Nigeria (CBN) has urged financial technology companies (fintechs), payment service providers and banks in the payment system to ensure that they adhere to policy framework and standards that guide their operations. The Director, Payment Systems Management Department, CBN, Mr. Samuel Okojere, stated this Thursday in Lagos, […]
FG plans bill to address multiple taxes, disparity
Sep 5, 2019 – Legal News by Source:- www.thenigerialawyer.com
The Technical Committee of the National Tax Policy Implementation Committee will soon present a bill to the Minister of Finance and National Planning, Mrs Zainab Ahmed, that will harmonise all taxes to enhance ease of doing business in the country. The Deputy Chairman of the committee, Dr Bode Oyetunde, said […]
NSE reclassifies Oando shares as Low-Priced Stock
Sep 5, 2019 – Legal News by Source:- www.thenigerialawyer.com
The Nigerian Stock Exchange on Thursday announced the reclassification of Oando Plc from Medium-Priced Stock to Low-Priced Stock. A statement by the Exchange said the reclassification became effective Thursday. This is in compliance to Rule 15.29: Pricing Methodology, Rulebook of The Exchange, 2015 (Dealing Members’ Rules), the NSE said. […]
I’ll pay my N537m debt in 12 hours, Duke begs court
Sep 2, 2019 – Legal News by Source:- www.thenigerialawyer.com
A former Cross River State Governor Donald Duke on Monday told a Federal High Court in Lagos that he would pay his N537, 334,360.77 debts to Asset Management Corporation of Nigeria (AMCON) in less than 12 hours. Duke, through his counsel, Mr Edoigiawerie Omoruyi, told Justice Nicholas Oweibo that he […]
UPDATED: Alleged Perjury: Supreme Court Strikes Out Appeal Against Buhari
Sep 2, 2019 – Legal News by Source:- www.thenigerialawyer.com
The Supreme Court on Monday struck out the suit seeking the disqualification of President Muhammadu Buhari in the 2019 presidential poll over alleged act of perjury. The suit was struck out shortly after it was withdrawn by the appellant’s counsel, Ukpai Ukairo, following hints from the apex court that it […]
Court slams N.5M damages on ExxonMobil Staff for libel
Sep 2, 2019 – Legal News by Source:- www.thenigerialawyer.com
An Uyo High Court presided over by Justice Margaret-Mary Udoma has ordered one Ms Mfon Abia to pay five hundred thousand Naira only to Mrs Regina Udobong , the immediate past Manager, Public and Government Affairs, Joint Venture Operations of Mobil Producing Nigeria Unlimited, (MPNU), as damages for libel. Justice […]
Tax Appeal Tribunal Resolves Disputes Worth N10bn
Aug 23, 2019 – Legal News by Source:- www.thisdaylive.com
The Tax Appeal Tribunal sitting in Kaduna has in the last eight months since the commencement of sitting resolved tax disputes amounting to over N10 billion. According to a statement, the tribunal which has jurisdiction over the North-west Zone, comprising the seven states of Kaduna, Kano, Kebbi, Katsina, Zamfara, Sokoto […]
FRC Unveils Individual Registration Portal
Aug 23, 2019 – Legal News by Source:- www.thisdaylive.com
Obinna Chima The Financial Reporting Council of Nigeria (FRC) yesterday unveiled its individual registration portal. The Executive Secretary/Chief Executive Officer, FRC, Mr. Daniel Asapokhai, in his welcome address at a ceremony held in Lagos, explained that the new portal was in continuation of the Council’s effort to achieve its mandates […]
Banks Jostle to Unlock N1.5tn for Real Sector Lending
Aug 23, 2019 – Legal News by Source:- www.thisdaylive.com
Obinna Chima Commercial banks are positioning themselves to attract more customers in the small business segment of the market as the deadline given by the Central Bank of Nigeria (CBN) for the financial institutions to maintain a minimum Loan to Deposit Ratio (LDR) of 60 per cent effective from September […]
EXCLUSIVE: NNPC claims Nigeria owes it N797bn — NEITI
Aug 22, 2019 – Legal News by Source:- www.vanguardngr.com
…Deducted N141bn as subsidy; fail to remit N78bn in 2017 By Michael Eboh The Nigeria Extractive Industries Transparency Initiative, NEITI, Wednesday, stated that the Nigerian National Petroleum Corporation, NNPC, is claiming that it is owed N797 billion by Nigeria, comprising the Federal, State and Local Governments. Mele Kyari, […]
Finally, Nigeria signs agreement to increase seafarers’ wages
Aug 22, 2019 – Legal News by Source:- www.thenigerialawyer.com
The National Joint Industrial Council has signed the much awaited conditions of service and Collective Bargaining Agreement for Nigerian seafarers. This is coming after eight years of delay. Speaking during the signing ceremony in Lagos, the Director- General, Nigerian Maritime Administration and Safety Agency, Dr Dakuku Peterside, said the condition […]
Report Foresees $34.8bn Remittances to Nigeria by 2023
Aug 21, 2019 – Legal News by Source:- www.thisdaylive.com
The PriceWaterhouse Cooper (PwC), a multinational professional auditing firm, has predicted that diaspora remittances to Nigeria will reach $25.5 billion by the end of the year and $34.8 billion by 2023. The firm expressed belief that such inflow would continue to strengthen the Nigerian economy in the coming years. According […]
Nigeria’s Growing Pension Assets
Aug 21, 2019 – Legal News by Source:- www.thisdaylive.com
The rising acceptance of micro pension scheme being driven by the National Pension Commission has led to steady rise in pension assets, writes Hamid Ayodeji For many people, the future remains largely uncertain. But for those who have planned for it through the right investment and savings, it is always […]
NIGERIA CORRECTIONAL SERVICE: BEYOND CHANGE OF NAME
Aug 21, 2019 – Legal News by Source:- www.thisdaylive.com
On Wednesday, August 19, 2019, President Muhammadu Buhari signed a bill into law. This bill is chiefly geared towards changing the name of the Nigeria Prisons Service into the Nigeria Correctional Service. This development is very significant given that it bothers on a salient aspect of social existence and intercourse: […]
AFBTE Seeks Engagement on Proposed FX Ban on Food Imports
Aug 21, 2019 – Legal News by Source:- www.thisdaylive.com
The Association of Food, Beverage & Tobacco Employers (AFBTE) has appealed to the federal government to engage members of the organised private sector (OPS) and stakeholders in the food industry on plan to end the allocation of foreign exchange for importation of food. The President, AFBTE, Chief Patrick Anegbe, made […]
Banking Sector Consumer Credit Increases to N754bn
Aug 21, 2019 – Legal News by Source:- www.thisdaylive.com
The total value of consumer credit disbursed by commercial banks increased from N632.71 billion recorded in December 2018 to N753.85 billion as at June. A member of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), Prof. Adeola Adenikinju, said it rose from N747.88 billion as of May 2019, […]
UNEP, UN Human Rights Office Step-up Commitment to Protect Right to Healthy Environment
Aug 20, 2019 – Legal News by Source:- www.thisdaylive.com
The UN Environment Programme (UNEP) and the UN Human Rights Office have prioritised efforts to promote and protect environmental and human rights with the recent signing of a new cooperation agreement. They resolved to do this because threats to individuals and communities defending their environmental and land rights have intensified […]
FG to Challenge British Court Order Granting Seizure of Nigerian Assets
Aug 16, 2019 – Legal News by Source:- www.thisdaylive.com
The Federal Government has commenced move to reverse the order of a British court which granted, on Friday, the seizure of Nigerian assets amounting to $9bn. Justice Butcher of the British Commercial Court had on Friday while delivering judgment in the suit filed by an Irish firm, Process and Industrial […]
Trade Wars, Disruptions Drag Oil Price Down to $69
May 30, 2019 – Legal News by Source:- www.thisdaylive.com
Crude oil prices dropped Wednesday to $69 per barrel, representing about two percent reduction over its previous prices. Supply constraints linked to the Organisation of the Petroleum Exporting Countries’ output cuts and political tensions in the Middle East offered some support, however. Brent crude futures, the international benchmark for oil […]