Access Bank and Diamond Bank Merger: Creating Nigeria and Africa’s Largest Retail Bank

PUC News, Access Bank and Diamond Bank Merger

The Federal High Court of Nigeria on 19 March 2019 sanctioned the merger between Access Bank Plc and Diamond Bank Plc (the “Banks”). The record-breaking merger which would no doubt engender the growth of the Nigerian Banking Sector resulted from the approval given by the shareholders of the Banks at their respective Court-Ordered Meetings held on 05 March, 2019. Continue reading “Access Bank and Diamond Bank Merger: Creating Nigeria and Africa’s Largest Retail Bank”

Paul Usoro Challenge 3

PaulUsoroChallenge3

In order to keep encouraging the act of selfless service in the legal sector, we bring to you the 3rd edition of the .

Are you a lawyer currently handling probono cases? Kindly read the inscriptions below on how you can participate and be part of our winners.

CBN Issues Circular Reviewing The Minimum Capital Requirement For Microfinance Banks In Nigeria

Paul Usoro & Co Publication, March 2019

On 18 March 2019, the Central Bank of Nigeria (“CBN”) published a circular dated 07 March 2019 to all microfinance banks in Nigeria (“MfBs”) titled, “Review of Minimum Capital Requirement for Microfinance Banks in Nigeria’’ (“Revised Circular”). The Revised Circular seeks to revise the minimum capital requirement for all MfBs on which it had earlier issued a circular on 22 October 2018.

Continue reading “CBN Issues Circular Reviewing The Minimum Capital Requirement For Microfinance Banks In Nigeria”

APPLICABLE SANCTIONS FOR THE OFFENCE OF SNATCHING BALLOT BOXES UNDER THE ELECTORAL ACT

With the conclusion of the 2019 Nigeria presidential election which has yielded another 4 years to President Muhammadu Buhari, all attention has been turned to the Governorship elections which are scheduled to hold on 09 March 2019 following the postponement of same by the Independent National Electoral Commission from 02 March 2019 when it was previously Continue reading “APPLICABLE SANCTIONS FOR THE OFFENCE OF SNATCHING BALLOT BOXES UNDER THE ELECTORAL ACT”

President Muhammadu Buhari Assents to the Federal Competition and Consumer Protection Bill

PUC NEWS, FEBRUARY

The President of the Federal Republic of Nigeria on Wednesday, 06 February 2019, assented to the Federal Competition and Consumer Protection Bill, now Federal Competition and Consumer Protection Act 2019 (“The Act”). By the passage of the Act, the Federal Government has demonstrated commitment towards the welfare of consumers and the citizens at large. Continue reading “President Muhammadu Buhari Assents to the Federal Competition and Consumer Protection Bill”

President Muhammadu Buhari Signs The Executive Order 007 OF 2019

 

PUC News

On 25 January 2019, the Nigerian President, Muhammadu Buhari, signed the Executive Order 007 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (the “Scheme”). The Scheme is aimed at closing the gap in the infrastructural deficit plaguing the country, particularly in the road transport sector. Continue reading “President Muhammadu Buhari Signs The Executive Order 007 OF 2019”