30 Jul Publication of Berkeley Legal’s Bi-Annual Newsletter
Berkeley Legal's bi-annual newsletter will henceforth be available for download. Click here to download our July 2020 Newsletter....
14 Feb The Finance Act 2020 and Micro, Small and Medium Enterprises
Nigeria is undoubtedly the largest economy in Africa by GDP and one of the largest economies in the world by purchasing power parity (PPP) comparison. A sizable amount of Nigeria’s GDP is as a result of the activities of Micro, Small and Medium Enterprises (MSME)....
31 Jul Mergers and Acquisition Under Current Nigerian Laws
Corporate restructuring is essentially a corporate action taken to significantly modify the structure or the operations of a company. There are a number of methods available with the most common being Mergers and Acquisitions. A merger occurs when two separate entities combine forces to create a...
29 Mar Nigerian Code of Corporate Governance 2018
Corporate governance is the system of rules, practices and processes by which an organization is directed and controlled. Corporate governance essentially involves balancing the interests of a Company with those of its many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community. The...
16 Nov Financial Inclusion in Nigeria – Central Bank of Nigeria (CBN) Guidelines for Licensing & Regulation of Payment Service Banks (PSB) in Nigeria
In its 2012 National Financial Inclusion Strategy (NFIS), the CBN defined financial inclusion as “…when adult Nigerians have easy access to a broad range of formal financial services that meet their needs at an affordable cost.” These services may include payments, savings, loans, insurance, and pension...
23 Jul The Changes and Potential Impact of the Proposed CAMA Provisions
The proposed Companies and Allied Matters Bill passed its third reading at the Nigerian Senate on the 15th of May, 2018 and it contained a number of notable alterations. The amendments are centred on increasing the ease of doing business in Nigeria as well as...
16 Apr Review of the Land Use Charge Law of Lagos State 2018
Introduction Property taxation is a source of revenue for the Nigerian government. This paper seeks to identify some of key provisions of the law regulating property tax in Lagos State. The Land Use Charge (LUC) was introduced by Lagos state in 2001 as a replacement of...
27 Feb The Mandatory Use of the National Identification Number Regulations, 2017
The National Identity Management Commission (NIMC) in late 2017 released the Mandatory Use of the National Identification Number Regulations, 2017, which was made pursuant to the National Identity Management Commission Act 2007. The Regulation has a wide-ranging effect, such that it is now mandatory to...
09 Dec The role of the Nigerian Communications Commission (‘NCC’) in determining pricing of services in the Telecommunications Industry
The NCC engaged the Mobile Network Operators (“MNOs”) on the 1st November 2016 on the determination of an interim price floor for data services after a stakeholder’s consultative meeting held on 19th October 2016. The ambit of these discussions was a proposed increase in the...
20 Oct Financial Reporting Council (FRC) of Nigeria – National Code of Corporate Governance 2016
The Financial Reporting Council of Nigeria pursuant to Section 50 of the Financial Reporting Council of Nigeria Act, 2011 has issued the National Code of Corporate Governance effective 17th October 2016. Copies of the three separate codes (i.e. Private Sector, Public Sector and Not-for-profit) can be...