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WASRA

WASRA Guidelines on the Issuance of Fixed Income Securities

The Nigerian Securities and Exchange Commission (SEC or the Commission) recently published Guidelines for the Issuance of Fixed Income Securities by Statutory Bodies in West Africa Securities Regulators Association (WASRA) member countries...
NLNG

Olaniwun Ajayi LP advises Nigeria LNG Limited on its groundbreaking $US 3billion Train...

Nigeria LNG Limited, the flagship LNG production company in Africa, recently closed a US$3 billion hybrid financing for the development of its seventh liquefaction train which, upon completion, is expected to boost...
SEP

Nigeria issues the Companies Income Tax (Significant Economic Presence) Order, 2020

The Finance Act 2019 heralded the introduction of a new framework for the taxation of e-commerce in Nigeria and this was to be based on the Significant Economic Presence (SEP) principle. The...

The Value Added Tax (VAT) Modification Order 2020

The Honourable Minister of Finance, Budget and National Planning, in the exercise of powers granted in section 38 of the Value Added Tax Act Cap V1 LFN 2004 (VATA or the Act) on February...
Covid19 and Competition Law

COVID-19 and Competition Law – Nigerian Intervention, and Lessons from Around the World

Since Coronavirus was officially declared a pandemic on 11th March 2020 by the World Health Organization, it has ignited difficult times for individuals, businesses and the global economy in general. There is virtually no...
FIRS Circular

FIRS Circular on the Tax Implications of Operation of Real Estate Investment Companies in...

Following the passage of the Finance Act 2019, the Federal Inland Revenue Service (FIRS or the Service) has released several circular providing clarification on certain provisions of extant tax laws that were...
Music Industry

COVID-19 & The Nigerian Music Industry

COVID-19 is no doubt changing global lifestyle including music consumption. Tours, live performances, shows and album releases have had to be postponed or cancelled and this has had a huge impact on...
Voxtero

Competition & Consumer Protection in a Covid-19 Marketplace

As part of our continued support to our clients faced with unprecedented legal and business issues occasioned by the Covid-19 pandemic, Olaniwun Ajayi LP has launched the Voxtero podcast series. In this...
FIRS circular

FIRS Circular on the Implementation of The Value Added Tax Provisions in the Finance...

With the introduction of sweeping changes to the provisions of existing tax laws in Nigeria by the Finance Act 2019 (the Act), it has become necessary for the Federal Inland Revenue Service (the FIRS or...
Privacy

COVID-19: Right to Privacy of Infected Persons

As a result of the spread of the COVID-19 virus, governments around the world are taking measures, some of them extreme, to ensure the safety of their citizens. Individual rights and liberties...