On June 26, 2025, President Bola Ahmed Tinubu signed into law four tax reform bills that now form the foundation of Nigeria’s most ambitious tax overhaul in recent history: Together, these Acts are a radical attempt to rewrite the tax story of Africa’s largest economy. At Well of Seven Attorneys, we have closely examined the […]
Nigeria’s New Tax Acts: A Bold Move or a Double-Edged Sword for Businesses? Read More »
The amended Finance Act was signed into law on 31st December 2020 and came into effect on 1st January 2021. The new law, among other objectives, seeks to increase government revenue while supporting struggling small businesses in Africa’s largest economy. The new law introduces over 80 changes to 14 different laws that will affect all
REVIEW OF SOME CHANGES INTRODUCED IN THE NEW FINANCE ACT 2020 Read More »
A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), a confidential disclosure agreement (CDA), a proprietary information agreement (PIA), or a secrecy agreement (SA), is a legal contract or part of a contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one
WHAT YOU NEED TO KNOW ABOUT NON-DISCLOSURE AGREEMENTS (NDAs) Read More »
No one and definitely no business can exist in isolation. Hence, demand and supply are at the core of every business, whether what it offers is goods or services, and at the very center of this are vendors. Vendors are persons or other businesses hired to provide products and/or services, be it on a one-time
WHY SHOULD YOU EXECUTE VENDOR AGREEMENTS AS A BUSINESS OWNER? Read More »
An employment contract, also known as a contract of employment, is an agreement that covers the working relationship between an employer and an employee. It allows both parties to clearly understand their obligations, responsibilities, and the terms of employment. An employment contract must clearly define all terms and conditions of the employment relationship. Under Section
WHAT YOU NEED TO KNOW ABOUT EMPLOYMENT CONTRACTS Read More »
THE PROPRIETY OR OTHERWISE OF EMPLOYERS PREVENTING THEIR EMPLOYEES FROM FORMING OR JOINING TRADE UNIONS Section 40 of the 1999 Constitution of the Federal Republic of Nigeria made provision for citizens’ freedom to assemble and associate with other persons, and in particular to join and form associations for the protection of their rights. Therefore, it
TRADE UNIONS IN NIGERIA, PART 2 (SERIES) Read More »
The Employee Compensation Act, 2010 (the Act) is the extant law governing the payment of compensation to all employees both in the public and private sector except members of the armed forces. It mandates all employers to contribute 1% of the total monthly payroll into the compensation fund and entitles all employees to claim compensation
SHORT ANALYSES OF THE EMPLOYEE COMPENSATION ACT, 2010. Read More »
The National Housing Fund (NHF), established by the NHF Act of 1992, is a Federal Government scheme that entitles all Nigerians above the age of 21 years in paid employment to a government-funded loan with low interest. The National Housing Fund was created by the Federal Government to cater for the housing needs of the Nigerian
BRIEF BREAKDOWN OF THE NATIONAL HOUSING FUND ACT Read More »
In today’s fast-paced business world, especially within the dynamic Nigerian economy, corporate governance has become an essential element for any business aiming for success. Governance is not just about complying with regulations or ticking boxes; it’s about building trust, mitigating risks, and creating the foundation for sustainable growth. For businesses in Nigeria, where challenges like
The Strategic Imperative of Corporate Governance for Nigerian Businesses Read More »
The functions of a lawyer cut across various aspects of society, varying from social to business to economic and even family institutions. However, society seems oblivious to this fact. Before delving into the nitty-gritty of this topic, it is important to explain what business-to-business (B2B) transactions entail. A B2B transaction is a form of transaction
ROLE OF LAWYERS IN BUSINESS-TO-BUSINESS (B2B) TRANSACTIONS OR RELATIONSHIPS Read More »
