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he Federal Inland Revenue Service (FIRS) on April 16, 2018, issued a circular mandating the Value Added Tax (VAT) registration of all taxable person collecting VAT on behalf of the Federal Government, in accordance with Section 8 of the VAT Act, 2004. On completing the registration, all taxable persons are expected to collect VAT on … More FIRS Mandatory VAT Registration

The Standards Organization of Nigeria (SON) has introduced a new policy called the Product Authentication Mark (“PAM”), which serves to distinguish authentic products from counterfeit ones. By affirming certified products as genuine and conforming to the approved standard, PAM is a system that further assures the public of the quality of products on sale in the Nigerian … More THE STANDARDS ORGANIZATION OF NIGERIA (SON) INTRODUCES NEW MANDATORY PRODUCT AUTHENTICATION POLICY (“PAM”)

The National Agency for Food and Drug Administration and Control (NAFDAC) has taken steps to ease the burden of expensive registration of products by Micro, Small and Medium Enterprises (MSMEs), thus reiterating its commitment to ensuring the Ease of Doing Business in Nigeria. The Agency has implemented a 50% reduction of fees for registration of … More NATIONAL AGENCY FOR FOOD AND DRUG ADMINISTRATION AND CONTROL (NAFDAC) NEW FEE REGIME AND REGISTRATION BEST PRACTICES TO PROMOTE EASE OF DOING BUSINESS IN NIGERIA.

We celebrate Mrs. Ibukun Awosika who was recently, unanimously appointed the Chairman of Convention on Business Integrity (CBI), alongside our Managing Partner, Osaro Eghobamien, SAN, who was also unanimously appointed the Vice-chairman of the governing board of CBI. The appointment coincides with the recent accomplishments of the organisation in its mission to create strategic partnerships … More Board Appointments in the Integrity Organization

Following Nigeria’s remarkable emergence as one of the top 10 most improved economies in the world in the World Bank’s Ease of Doing Business index, (going up 24 positions), President Muhammadu Buhari on Monday February 5, 2018 signed Executive Order 5 to improve local content in public procurement with Science, Engineering and Technology components. The … More PRESIDENTIAL EXECUTIVE ORDER 5 FOR PLANNING AND EXECUTION OF PROJECTS, PROMOTION OF NIGERIAN CONTENT IN CONTRACTS AND SCIENCE, ENGINEERING AND TECHNOLOGY

A PRESENTATION BY MR. OSARO EGHOBAMIEN, SAN BEFORE THE ROTARY CLUB OF NIGERIA  Introduction Ladies and Gentlemen, thank you for inviting me to this meeting and for giving me the opportunity to talk about service. Any presentation before the rotary involving service is an important one; after all our slogan is service above self. Voluntary … More INSPIRING VOLUNTEERS FOR SERVICE IN NIGERIA-

Soon, the intermittent scarcity of pounds for Nigerians trading or doing business in the UK, will no longer be a concern, as the Naira joins the ranks of pre-approved trade currencies in the United Kingdom. The UK Department of International Trade, in a recent statement, announced the decision of the British government; through its export … More NAIRA NOW AN ACCEPTABLE TRADE CURRENCY IN THE UK.

Perchstone & Graeys, a leading commercial law firm with a practice tuned to the highest values of leadership, integrity and client service, is delighted to announce the elevation of two of its Senior Associates to Partnership; amid other key elevations within the firm. At a private ceremony on February 1, 2018, the Firm’s management announced … More ELEVATIONS!

The Nigerian Mining Industry is set to have a Mining Commission, saddled with the responsibility of regulating activities in the Mining Sector. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, disclosed the Federal Government’s plan to establish the Commission, at the ongoing African Mining Indaba 2018 in South Africa. The conference is the … More NIGERIAN MINING INDUSTRY SET TO HAVE A MINING COMMISSION

The leading commercial law Firm of Perchstone & Graeys has, from time to time, been involved in initiatives, to assist in the ease of doing business and to attract foreign direct investment. This effort, almost invariably, has required tackling government and institutional bureaucracies which; mostly without meaning to, often stifle the very businesses they are … More Perchstone & Graeys – PEBEC Award