The Petroleum Industry Act 2021 – Key Highlights

On August 16, 2021, the much awaited Petroleum Industry Act (PIA or the Act) 2021 was finally signed into law by President Muhammadu Buhari. It introduces various changes to...

FAQ on Fintech Acquisitions of Microfinance Banks

Due to the absence of a definitive regulatory framework on digital banking in Nigeria, Fintechs have devised alternative means for offering certain banking services. As Microfinance banks (MFBs) are permitted to offer...
Summary of OA Publications

Catch up with all our publications in the past year

The year 2020 turned out to be an unprecedented one in global business, and in order to help our clients stay up to date with the latest developments, and to be cognisant...
BOFIA 2020

The Banks and Other Financial Institutions Act 2020 and Impact on Fintech Companies in...

On 13 November 2020, the President of the Federal Republic of Nigeria signed the Banks and Other Financial Institution Act (2020) (BOFIA or the Act) into law. The Act repealed the extant BOFIA 1991 (as amended) and...
Netting Provisions

An Appraisal of Netting Provisions Under the Companies and Allied Matters ACT 2020

The new Companies and Allied Maters Act, 2020 (the Act or CAMA 2020), made significant amendments and introductions to the Nigerian companies’ laws, one of which is the provision for statutory enforcement of netting...
IMTS Guidelines

Guideline to the provision of International Money Transfer Services in Nigeria – Part A

The far-reaching effects of the ongoing COVID-19 pandemic on the global economy have been extensively discussed within the contexts of the technology, business, finance, and energy sectors, as no industry has been...
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...
our service to you post lockdown

COVID-19: OUR SERVICES TO YOU POST-LOCKDOWN

Dear Partners, Hope you are keeping safe and well. It’s been five weeks since the Federal Government of Nigeria imposed the lock down in some States...
Competition and Consumer Protection

COVID-19 – Competition and Consumer Protection

In these unprecedented times arising from the COVID-19 outbreak, nations around the world have had to tackle the effects of the pandemic on market practices and consumers - alongside combating the spread...
FAQs

COVID19- FAQs for Businesses

As the world battles the outbreak of COVID-19, we understand that our clients are faced with unprecedented legal challenges as it relates to their businesses, which understandably raise several questions that require...