2020 Annual CMSA Business Luncheon

15th September, 2020 played host to the Annual Business Luncheon of the Capital Markets Solicitors Association (CMSA). The theme for this year’s event; Financial Opportunities in the Capital Market – An Aid to improving the Nigerian Healthcare Sector. The event held virtually for the first time and had hundreds of attendees connected from various parts […]

Nigerian Institute of Chartered Arbitrators 2019 Awards Ceremony

Hermon Legal Practitioners‘ Managing Partner, Mr. Benjamin Obidegwu, will, today being the 14th of November, 2019 and on the 15th of November, 2019, moderate the session on the AfCTA and its implication on Arbitration (ADR) Development in Africa; Challenges, Opportunities and Expectations at the 40th Anniversary Conference of the Nigerian Institute of Chartered Arbitrators at […]

The Mandatory Requirement Of CITN Stamp And Seal On All Tax Returns To Be Filed With FIRS

The Federal Inland Revenue Service (FIRS) via its letter referenced FIRS/EC/MISC/5435/18/57, dated April 23, 2018 directed that only Chartered Institute of Taxation of Nigeria (CITN)’s stamp and seal for the purpose of filing tax returns on behalf of taxpayers with FIRS shall be recognized by FIRS with effect from January 2, 2019. However, an exception […]

New Capital Base For Insurance Companies In Nigeria

The National Insurance Commission (NAICOM) has announced the recapitalization of insurance and reinsurance companies, an exercise that was last carried out between years 2005/2007 in the insurance industry. This was disclosed in a circular released yesterday, Monday, the 20th of May, 2019 in Abuja. The minimum capital base for the following lines of insurance businesses […]

CAC Extends 50% Reduction In The Cost Of Registration Of Business Names

Sequel to the extension granted by the Corporate Affairs Commission (CAC) in December 2018 for the 50% reduction in the cost of registration of business names for a period of 3 months (December 31, 2018 – March 31, 2019), the Corporate Affairs Commission (CAC) has again extended the timeline for another 90 days commencing from […]

The Investments And Securities Tribunal Resumes Sitting

The Investments and Securities Tribunal is set to resume full adjudicatory from Monday 9th, 2017 after two years of dormancy. This coming on the heels of the recent reconstitution of the membership of the Investments and Securities Tribunal (IST), by the Federal Government as a practical step towards restoring investors’ confidence in the capital market […]