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...
OALP Mergers, Acquisitions and Private Equity Wrap-Up 2022 and 2023 Outlook
The world has continued to make steady progress in recovering from the economic woes that trailed the COVID-19 pandemic. In Nigeria, though the economic growth rate slowed down and declined in 2022...
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...
FAQs on the Pan-African Payments and Settlement System
In 2021, we witnessed the commencement of trade under the African Continental Free Trade Area (AfCFTA) regime as many countries in Africa ratified the AfCFTA treaty with the aim to boost the...
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...
OALP Tax Practice Newsletter 1st Quarter 2023
The Nigerian tax space in 2023 began with the signing of the 2023 Appropriation Bill into law by the President; this was shortly followed by the omnibus Business Facilitation Act which was...
Three reforms expected to enhance business activities in the country.
The Presidential Enabling Business Environment Council (PEBEC) has kicked off the National Action Plan 2.0, which is aimed at increasing the global competitiveness of the Nigerian economy. The plan, tagged NAP 2.0, is the...
FAQs on the CBN Guidelines for Licensing and Regulating Payment Holding Companies 2021
In 2020, the Central Bank of Nigeria (CBN) published the CBN Circular on New Licence Categorisations for the Nigerian Payments System wherein it mandated financial technology companies desirous of operating switching and...
UNBUNDLING THE PIA: HOST COMMUNITIES DEVELOPMENT
The host community development provisions in the Petroleum Industry Act 2021 (PIA) remain a focal topic of discourse amongst stakeholders in the Nigerian oil and gas industry. The reason for this is...
Frequently Asked Questions on Data Protection Audit and Compliance
Under the Nigeria Data Protection Regulation (NDPR), organisations that process the personal data of up to 1000 Nigerian citizens or residents are required to file their data protection audit reports with the...