FIRS PUBLIC NOTICE ON CERTIFICATE OF FIXED ASSET ACCEPTANCE AS A PRECONDITION FOR THE...

The FIRS in a recent public notice requested that all companies submit their Certificates of Fixed Assets Acceptance (CAFA) on Qualifying Capital Expenditures (QCEs) for capital allowances enjoyed between 2016 and 2021...

The Nigeria Startup Act 2022: Highlights of its Framework and Notes on its Prospects

On 19 October 2022, the President of the Federal Republic of Nigeria gave his assent to the Nigeria Startup Bill 2021, effectively signing it into law as the Nigeria Startup Act 2022...

MEET OUR NEW PARTNERS

We at Olaniwun Ajayi LP are thrilled to announce the admissions of Chukwuemeka Osuji, Folake Alabi and Abisola Odeinde into the partnership of the Firm.

OALP’s Analysis of NERC’s Order on Regulatory Net-offs 2022 and its potential impact on...

On 1 July 2022, the Nigerian Electricity Regulatory Commission (NERC) issued the Order on Regulatory Net-offs 2022 (Net-off Order) for the Nigerian Electricity Supply Industry (NESI). This is NERC’s first Order on...

NNPC Limited: Understanding the Hybrid Identity of Nigeria’s National Oil Company

With the unveiling of NNPC Limited, one of the burning questions has been on its identity, in light of its incorporation as a limited liability company and the requirement of the Petroleum...

OLANIWUN AJAYI ACTING AS TRANSACTION ADVISER ON THE LANDMARK TRANSITIONING OF THE NIGERIAN NATIONAL...

Olaniwun Ajayi LP (Olaniwun Ajayi) is pleased to have advised on the landmark transitioning of the Nigerian National Petroleum Corporation (the Corporation), Africa’s largest national oil corporation, to the Nigerian National Petroleum...

OALP Dispute Resolution Practice Quarterly Newsletter – 3rd Quarter 2022

The dispute resolution space has been quite busy in the 3rd quarter of 2022. Novel decisions have emanated from our courts, and new legislation have also been enacted. These developments, which we...

Money Laundering Prevention and Prohibition Act 2022: Enhanced Anti Money Laundering Regime in Nigeria

The passage of the Money Laundering (Prevention and Prohibition) Act, 2022 - which repealed the Money Laundering (Prohibition) Act, No. 11, 2011 - has introduced significant changes to the legal and institutional...

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital...

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering Platforms and...

FAQs on the CBN Guidelines on Anti-Money Laundering, Combating the Financing of Terrorism and...

On November 23, 2022, the Central Bank of Nigeria (CBN) issued the Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation of Weapons of Mass Destruction (AML/CFT/CPF) Guidelines for Licensing of...