The joint advisory of SEC and FCCPC marks a significant improvement in Nigeria's regulatory framework for mergers and acquisitions.
Section 29(12) of the Companies Income Tax Act (CITA) mandates the notification of the Board that is the Federal Inland Revenue Service, and the acquisition of their guidance and clearance regarding potential tax liabilities under the Capital Gains Tax (CGT) Act.
The Commission further mandates Employers and employees in both the private and public sectors, to contribute jointly towards the employee’s retirement benefits which are managed by the PFA’s, who in turn, invest in various investment portfolios based on the risk appetite of the fund category.
Intellectual property rights, due to their exclusivity, offer strategic advantages. This exclusivity creates space for assigning value to them, which in turn provides opportunities for leveraging their worth in various contexts, whether in commerce, innovation, or cultural preservation.
Compared to other financial and finance-adjacent services in Nigeria, insurance is perhaps the least visible in the public consciousness. However, this does not diminish its importance.