June 25, 2020/US SEC Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds.  The final rule is broadly similar to the proposed rule from January.  The Volcker rule generally prohibits […]

Culled—Proshare June 25, 2020 By Ken, Abimbola, Azeezah, Kemi, Oluwatoba & Emmanuel of Banwo & Ighodalo The Value Added Tax Act[1] (“VAT Act”) was one of the seven (7) principal tax statutes amended by the Finance Act, 2019 (“Finance Act”). Being a tax chargeable on the supply of all non-exempt […]

June 25, 2020/CBN Introduction The June 2020 PMI survey was conducted by the Statistics Department of the Central Bank of Nigeria during the period June 8-12, 2020. The respondents were purchasing and supply executives of manufacturing and non-manufacturing companies in the 36 states in Nigeria and the Federal Capital Territory […]