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Notable Decisions of the Nigerian Courts in 2019

The year 2019 for the Legal industry was generally "uneventful" with respect to decisions of our superior courts in civil and criminal matters. This could be due to several factors but particularly...

Electronic Signature and Nigeria’s Digital Economy – Key Issues

According to reports by the Nigerian Interbank Settlement System (NIBSS), in the first half of 2018, the value of electronic payment transactions in Nigeria hit a record high of N65.3 trillion, representing...
Tax outlook 2020

The Nigerian Tax Report: 2019 Wrap up/2020 Outlook

With the Nigerian fiscal landscape constantly in a state of flux and the frequent push and pull by the government aimed at improving the economic fortunes of the country, the 2019 tax...
2020 Fintech Report

FINTECH FORWARD LOOK 2020

In 2019, Nigeria's Fintech industry recorded significant growth, this is evident in the establishment of more fintech companies, the development and expansion of incumbent Fintech companies, more innovative solutions and an upward trajectory...
NSE Float Rules

Review of the New NSE Free Float Rules

2 January 2020 marked the commencement of the implementation of the Nigerian Stock Exchange (NSE or the Exchange) Rules Governing Free Float Requirements for Issuers Listed on the Nigerian Stock Exchange...
Jonathan Aluju

Our New Partner

Olaniwun Ajayi LP is delighted to announce the admission of, a highly valued professional, Jonathan Aluju into its partnership. Commenting on Jonathan’s admission into the partnership of Olaniwun Ajayi LP, Prof....
FCCPC Guidelines

The FCCPC Releases Guidelines on Simplified Process for Foreign-to-Foreign Mergers with Nigerian Component

In January 2019, the president of the Federal Republic of Nigeria signed the Federal Competition and Consumer Protection Act (the FCCPA) into law, which introduced a new regime and authority for the...

CBN Publishes Regulation for the Operation of Indirect Participants in the Payments System

In exercise of the powers conferred on the Central Bank of Nigeria (CBN) under the CBN Act 2007 to promote a sound financial system in Nigeria, the CBN published Regulations for the...
Non-resident tax

FIRS Establishes Tax Office for Non-Resident Persons

By a public notice (“the Notice”) issued by the Federal Inland Revenue Service (“the Service” or “FIRS”), a tax office-specific and peculiar to Non-Resident persons as defined under Nigerian law has been...

Deep Offshore and Inland Basin Production Sharing Contract (Amendment) Bill 2019.

Recently, a bill for an Act to amend the Deep Offshore and Inland Basin Production Sharing Contract Act, (the Bill) passed the third reading at the Senate and currently awaits passage at...