Overview of 2024 Withholding Tax Regulations: Deduction of Tax at Source
In June 2024, the Federal Government of Nigeria through the Minister of Finance and Coordinating Minister of the Economy, Adebayo Olawale Edun issued the Deduction of Tax at Source (Withholding) Regulations, 2024, effective from July 1, 2024.[i] The purpose of the...
An Overview of the Exemptions and Derogations on Data Privacy Rights in Nigeria
In Nigeria, just as contained in the constitution of most countries of the world, the right to privacy is guaranteed and protected under the 1999 Constitution of the Federal Republic of Nigeria (As Amended).[1] Data Protection in Nigeria is principally governed by the...
Preserving Trade Secrets: Best Safeguards & Practices for Confidential Information
Trade secrets are a vital component of a company’s intellectual property portfolio giving them a competitive advantage over their competitors in the industry. For this reason, it is important that trade secrets are adequately protected to ensure not only the company’s...
Understanding the Core Elements of a Valid Will in Nigeria
Creating a valid will is essential for ensuring that an individual’s wishes regarding the distribution of their assets are honored after their death. In Nigeria, the legal requirements for a valid will are governed by the Wills Act of 1837, the Wills Law of...