The dispute centres on alleged failures in remitting statutory employee contributions to Nigeria’s National Housing Fund (NHF), resulting in financial loss, legal action, and reputational risk. This white paper examines the legal issues raised in the case, explores the systemic risks of payroll outsourcing, and offers actionable recommendations for global companies.
Tag: Nigeria
Nigeria to Sell 30 Billion Naira of Bonds Next Week
Bashir Olanrewaju Friday, 16 October 2020 Nigeria plans to sell 30 billion naira worth of bonds next week as the … More
Paystack of Nigeria Bought by Stripe of U.S. for $200 Million
By Abdul Yahaya Nigerian digital payments company Paystack is being acquired by U S. technology company Stripe Inc for $200 … More
Markets at a Glance
Thursday, 15 October 2020 EQUITIES • The All-Share Index ended flat at 28,344.04 with a market capitalization at 14.81 trillion … More
Nigeria’s Inflation Accelerates for 13th Month, Now at 13.7%
By Chuks Emele Thursday, 15 October 2020 Nigeria’s annual inflation accelerated for the 13th consecutive month in September to 13.7 … More
Nigerians Fear Internet Shutdown as Protests Persist, Businesses Hurt
By Bashir Olanrewaju and Abdul Yahaya There are mounting fear that Nigeria might shut its internet network to curb protests … More
Markets at a Glance
Wednesday, 14 October 2020 EQUITIES • The All-Share Index barely changed at 28,344.33 with a market capitalization at 14.81 trillion … More
Nigeria Rediscovers the Niger River
Penny Wisdom By Emeka Uzoatu The Niger River, in case you’re unaware, is the second longest body of flowing water … More
Markets at a Glance
Tuesday, 13 October 2020 EQUITIES • The All-Share Index rose 0.02% to 28,344.04 with a market capitalization at 14.81 trillion … More
Nigeria Braces for Disruptions as Anti-Police Protests Spread
By Our Reporters Tuesday, 13 October 2020 Protests against Nigerian police abuses entered the second week with further disruptions expected … More
Markets at a Glance
Monday, 12 October 2020 EQUITIES • The All-Share Index fell 0.27% to 28,337.49 with a market capitalization at 14.81 trillion … More
Banks Must Comply With Payments Confirmation Rules, CBN Says
By Sahabi Abdul Banks operating in Nigeria were directed by the Central Bank of Nigeria to ensure they comply with … More
Markets at a Glance
Friday, 9 October 2020 EQUITIES • The All-Share Index fell 0.46% to 28,415.31 with a market capitalization at 14.85 trillion … More
Markets at a Glance
Thursday, 8 October 2020 EQUITIES • The All-Share Index fell 0.31% to 28,546.22 with a market capitalization at 14.92 trillion … More
Buhari Proposes More Borrowing, More Spending in 2021
Thursday, 8 October 2020 By Bashir Olanrewaju President Muhammadu Buhari tabled proposals before a joint session of the legislature in … More
Markets at a Glance
Wednesday, 7 October 2020 EQUITIES • The All-Share Index fell 0.95% to 28,634.35 with a market capitalization at 14.97 trillion … More
Nigerian Household Debts Mount as Pandemic Ravages Incomes
By Bashir Olanrewaju Wednesday, 7 October 2020 Debts owed by Nigerian households are on the increase in the aftermath of … More
Markets at a Glance
Monday, 5 October 2020 EQUITIES • The All-Share Index gained 2.11% to 27,554.49 with a market capitalization at 14.4 trillion … More
Newgold Fund is Nigeria Winner With 64% Gain
By Chuks Emele Monday, 5 October 2020 Newgold Exchange-Traded Fund put up a stellar performance on the Nigerian Stock Exchange … More
NSE Weekly Report
Friday, 2 October 2020 EQUITYThe market opened for four trading days this week as the Federal Government of Nigeria declared … More
