President Muhammadu Buhari, on 16 August 2021, signed the Petroleum Industry Bill (PIB), 2021 into law, following its passage by the National Assembly in July 2021, ending a long wait since the early 2000s. This marks a significant milestone for Nigeria’s oil industry and a historic achievement.
There has been recurring clamour for recapitalisation of the Insurance sector in Nigeria owing to what has been perceived as declining public confidence in the sector’s integrity, ability to honour insurance claims and general state of well-being. In other to arrest this loss of confidence, NAICOM has introduced a Tier-Based Minimum Solvency Capital (TBMSC) framework […]
Pursuant to the powers conferred on him by the Constitution of the Federal Republic of Nigeria and the provisions of section 23(2) of the Companies Income Tax Act (CITA), the Nigerian President, Muhammadu Buhari, GCFR, recently signed into law, Executive Order No. 007 of 2019