Entries by Pavestones Legal

The New Capital Gains Tax Regime in Nigeria: Key Considerations for Foreign Investors

October 17, 2025 in /by

SEUN TIMI-KOLEOLU AND OMODELE FATODU Introduction Globally, jurisdictions such as Mauritius, Singapore, and the United Arab Emirates have built reputations as investor friendly hubs by maintaining transparent, predictable, and business-friendly tax systems. These environments offer clarity, reduce uncertainty, and provide incentives that make capital deployment more efficient. Nigeria’s recent tax laws, namely the Nigeria Tax […]

REGULATORY UPDATE: KEY LEGAL AND COMPLIANCE CHANGES IN THE CBN GUIDELINES FOR THE OPERATIONS OF AGENT BANKING IN NIGERIA

October 10, 2025 in /by

ADERONKE ALEX-ADEDIPE AND MARK IMONITIE Introduction The Central Bank of Nigeria (CBN) on Monday, October 6 2025, issued new operational guidelines for Agent Banking in Nigeria. The purpose of the Guidelines is to strengthen and secure the enabling environment for providing financial services to the underbanked regions in the country. The Guidelines also aim to […]

IP BACKED FINANCING: LEVERAGING INTELLECTUAL PROPERTY FOR INCOME GENERATION AND AS COLLATERAL

October 3, 2025 in /by

SEUN TIMI-KOLEOLU AND HILLARY OKOROTIE INTRODUCTION Intellectual property (IP) assets such as trademarks, copyrights, or patents form a critical part of a company’s overall assets. Categorized as intangible assets, IP assets play a key role in defining a business’ competitive advantage, brand value and investment value amongst others. Traditionally, lenders have preferred tangible assets as […]

THE PUBLIC PRIVATE PARTNERSHIP FINANCIAL MODEL GUIDE 2025; KEY TAKEAWAYS

September 26, 2025 in /by

ADERONKE ALEX-ADEDIPE AND ENIOLA SOGBESAN INTRODUCTION Against the backdrop of limited public resources and Nigeria’s rising infrastructure demand, Public-Private Partnerships (PPPs) have become integral to bridging the investment gap. In Nigeria, the Infrastructure Concession Regulatory Commission (ICRC or the “Commission”) is responsible for establishing clear PPP frameworks for Federal Government projects. The release of the […]

Nigerian Tax Reform Acts: Structuring for Efficiency in an Evolving Fiscal Landscape

September 19, 2025 in /by

BY SEUN TIMI-KOLEOLU AND PROMISE ITAH Introduction On June 26, 2025, the Federal Government of Nigeria signed into law a suite of tax reform legislation that consolidates and replaces over a dozen laws. The reforms are anchored on four principal Acts: Nigeria Tax Act (Tax Act); Nigeria Tax Administration Act (Tax Administration Act); Nigeria Revenue […]

FUTURE OF FINTECH AND DIGITAL PAYMENTS IN NIGERIA: CBN MANADATES THE ADOPTION OF ISO 20022 MESSAGING STANDARDS AND GEO-TAGGING OF POINT-OF- SALE TERMINALS

September 12, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND OMODELE FATODU INTRODUCTION In a circular dated August 25,2025, the Central Bank of Nigeria (CBN) issued a directive mandating the geo-tagging of all Point-of-Sale (PoS) Terminals in Nigeria and that electronic payment messaging adopt the ISO 20022 standard by October 31, 2025. This means that every PoS device in Nigeria must […]

MERGERS & ACQUISITIONS IN NIGERIA IN VIEW OF RECAPITALIZATION IN THE BANKING AND INSURANCE SECTORS- KEY CONSIDERATIONS

September 5, 2025 in /by

BY SEUN TIMI-KOLEOLU AND MARK IMONITIE Introduction Mergers and Acquisitions (M&A) play a crucial and strategic role in enabling companies to drive growth, foster innovation, and sustain a competitive edge. In Nigeria, a growing number of businesses are restructuring and consolidating their assets and resources through mergers and acquisitions, with the aim of expanding their […]

DIGITAL LENDING REGULATIONS 2025: FCCPC OVERSIGHT

August 29, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND HILLARY OKOROTIE Introduction The Federal Competition and Consumer Protection Commission (the “Commission”) on July 24, 2025 introduced the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulation 2025 (the “Regulation”). In 2022, the Commission had issued the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending which sought to regulate the affairs […]

REGULATORY UPDATE: THE NIGERIAN INSURANCE INDUSTRY REFORM ACT 2025 – NAVIGATING COMPLIANCE

August 22, 2025 in /by

BY SEUN TIMI-KOLEOLU AND ENIOLA SOGBESAN Introduction. On Tuesday, August 5, 2025, the Nigerian President, Bola Ahmed Tinubu signed into law the Nigerian Insurance Industry Reform Act (NIIRA or the “Act”) 2025. The Act represents a significant milestone in the development of a robust regulatory framework designed to support the goal of growing the Nigerian […]

CAPITAL MARKET TRENDS IN NIGERIA: NAVIGATING SEC RULES ON BOARD APPOINTMENTS & TENURE

August 15, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND PROMISE ITAH Intoduction On June 19, 2025, the Securities and Exchange Commission (SEC) issued the Circular to All Public Companies and Capital Market Operators on the Transmutation of Independent Non-Executive Directors and Tenure of Directors (the “Circular”), introducing significant updates to board appointments and director tenure in response to governance trends […]