WELCOME TO THE SEFTON FROSS COVID-19 RESOURCE CENTRE
As part of our commitment to you during the Covid-19 global pandemic, we will continue to keep you updated with relevant information and developments by offering our specialized guidance and insights on issues that matter to you and your business.
THE AFRICAN DEVELOPMENT BANK GROUP’S COVID-19 RAPID RESPONSE FACILITY FOR REGIONAL MEMBER COUNTRIES
20 May 2020
On 21 April 2020, the African Development Bank Group (AfDB) announced the establishment of a Covid 19 Rapid Response Facility (CRF) to lessen the severe economic and social impact of the COVID-19 pandemic on its Regional Member Countries (RMC) including the private sector.
AFRICAN CONTINENTAL FREE TRADE AREA POSTPONES LAUNCH DATE
12 May 2020
As a result of the COVID-19 pandemic, the commencement of trade in goods and services within the African Continental Free Trade Area (AfCFTA) which was set to take off 1 July 2020 has been postponed.
THE IMPACT OF THE COVID-19 PANDEMIC ON EMPLOYMENT CONTRACTS
12 May 2020
As the COVID-19 pandemic continues to devastate the global economy, employers in large and small businesses are faced with a dreadful conundrum on whether to let their staff go, cut their hours, or declare them redundant.
GUIDANCE FOR PREPARERS OF FINANCIAL STATEMENTS DURING THE COVID- 19 PANDEMIC
12 May 2020
To address the impact of the COVID-19 pandemic on the economy and to alleviate some of the unprecedented risks faced by companies, the Financial Reporting Council (FRC), on 22 April 2020, issued its “Guidance for Preparers of Financial Statements During COVID-19 Period” (COVID-19 Guidance) requiring all entities to assess whether and how they are being affected by the pandemic and its impact on their financial statements.
OVERVIEW OF NAFDAC REGISTRATION PROCESS
30 April 2020
This article provides guidance to manufacturers and importers of drug and food products on the registration of their products with the National Agency for Food and Drug Administration and Control (NAFDAC), the primary authority responsible for regulating and controlling their importation, exportation and manufacture.
LAGOS STATE JUDICIARY ISSUES PRACTICE DIRECTION FOR REMOTE HEARING
30 April 2020
On 27 April 2020, the Chief Judge of Lagos State, Justice Kazeem .O. Alogba issued a new Practice Direction for the Judiciary in the state. The new Practice Direction, which is to take effect from 4 May 2020, is aimed at providing guidance for the use of Remote Hearing to ensure that certain cases are heard and disposed of urgently where possible while minimizing the risk of transmission of Covid-19.
COVID-19 PANDEMIC – IMPACT ON PERFORMANCE OF CONTRACT
30 April 2020
COVID-19 was declared a global pandemic on 11 March 2020. To curb its spread, many countries around the world declared national lockdowns on practically all forms of social and business activities. With this, businesses around the world have been affected directly or indirectly by this turn of events and
consequentially, the ability of parties to perform their contractual obligations may have been severely
affected and impaired.
CONDUCT OF VIRTUAL BOARD, COMMITTEE AND MANAGEMENT MEETINGS IN NIGERIA
30 April 2020
In view of the COVID-19 pandemic and in a bid to ensure a seamless process for companies in times of uncertainty, the Nigerian Stock Exchange (NSE) published a Guidance on Companies’ Virtual Meetings
(Guidance) on 15 April 2020.
A COMPENDIUM OF REGULATORY MEASURES/PALIATIVES FOR THE COVID-19 RELIEF
16 April 2020
The first case of the Covid-19 infection was recorded in Nigeria on 27 February 2020 when an Italian who just entered the country tested positive for the virus. A few weeks later, in a move to arrest the spread of the virus, federal and state government including agencies are putting in place measures including imposing a lockdown on two states and the Federal Capital
Territory.
GUIDELINE FOR THE OPERATION OF THE CENTRAL BANK OF NIGERIA N100 BILLION NAIRA CREDIT SUPPORT FOR THE HEALTHCARE SECTOR; WHAT YOU NEED TO KNOW
10 April 2020
The Nigerian government and its agencies have been making frantic efforts at ameliorating
the effects of the COVID-19 pandemic on the entire Nigerian populace and the economy at
large. As part of the measures put in place to achieve this, the Central Bank of Nigeria (CBN)
established the N100 Billion credit support intervention for the healthcare industry.
RE: COVID-19: REVIEW OF NEWLY ISSUED ICS GUIDELINES FOR SHIP OPERATORS FOR THE PROTECTION OF THE HEALTH OF SEAFARERS
10 April 2020
In response to the current coronavirus (COVID-19) pandemic, the International Chamber of
Shipping (ICS), on 3 March 2020, published a guidance document known as “Coronavirus
(COVID-19) Guidance for Ship Operators for the Protection of the Health of Seafarers” (the
Guidance), for ship operators.
