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.


SEFTON FROSS COVID-19 RESOURCE CENTRETHE 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.

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SEFTON FROSS COVID-19 RESOURCE CENTRE

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.

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SEFTON FROSS COVID-19 RESOURCE CENTRETHE 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.

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SEFTON FROSS COVID-19 RESOURCE CENTREGUIDANCE 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.

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SEFTON FROSS COVID-19 RESOURCE CENTREOVERVIEW 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.

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SEFTON FROSS COVID-19 RESOURCE CENTRELAGOS 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.

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SEFTON FROSS COVID-19 RESOURCE CENTRECOVID-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.

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SEFTON FROSS COVID-19 RESOURCE CENTRECONDUCT 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.

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SEFTON FROSS COVID-19 RESOURCE CENTREA 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.

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SEFTON FROSS COVID-19 RESOURCE CENTREGUIDELINE 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.

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RE: COVID-19: REVIEW OF NEWLY ISSUED ICS GUIDELINES FOR SHIP OPERATORS FOR THE PROTECTION OF THE HEALTH OF SEAFARERSRE: 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.

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