BY SEUN TIMI-KOLEOLU AND HILLAY OKOROTIE INTRODUCTION The agricultural sector is an important sector in Nigeria, with great potential to drive significant growth to the economy. There are various opportunities in the sector to create value which are largely untapped. One of these opportunities is with respect to the value that can be derived from […]
BY ADERONKE ALEX-ADEDIPE AND OLAWALE ATANDA Introduction In an era where data breaches and privacy concerns are on the rise, organizations processing Personal Data must prioritize compliance. In Nigeria, data protection laws have evolved to ensure businesses and public institutions uphold data privacy standards. The Nigeria Data Protection Act, 2023 (NDPA) and the Nigeria Data […]
BY SEUN TIMI-KOLEOLU AND PROMISE ITAH Introduction Renewable energy is rapidly transforming the global power landscape, with solar energy emerging as a key solution to electricity challenges. In Nigeria, where millions of homes and businesses face unreliable power supply, the demand for alternative energy sources has surged. Among other renewable energy sources — such as […]
BY ADERONKE ALEX-ADEDIPE AND EBIKENIYE BEST Tax Reforms – Guidelines on Advance Pricing Agreements in Nigeria Introduction On November 27, 2024, the Federal Inland Revenue Service (FIRS) issued the Guidelines on Advance Pricing Agreements (“the Guidelines”) pursuant to Section 8(1)(u) of the FIRS (Establishment) Act, 2007 and Regulation 9(12) of the Income Tax (Transfer Pricing) […]
BY SEUN TIMI-KOLEOLU AND OLAWALE ATANDA Setting Up a Non-Interest Bank in Nigeria Introduction Non-interest banking is gaining traction in Nigeria as an alternative to conventional banking. This model operates on the principles of ethical finance, risk-sharing, and asset-backed transactions. It prohibits interest-based lending while promoting profit-sharing mechanisms. In this newsletter, we explore the regulatory […]
BY ADERONKE ALEX-ADEDIPE AND HILLARY OKOROTIE Introduction Corporate Governance plays a fundamental role in impacting the success and sustainability of any company and at the heart of a company’s governance structure is its Directors. The Directors are the decision-makers with fiduciary responsibilities to the company, its shareholders and other stakeholders including, employees, creditors, and regulators. […]
SEUN TIMI-KOLEOLU AND EBIKENIYE BEST Regulatory Compliance Requirements for Companies Operating in Nigeria Introduction Regulatory compliance is important for any company and forms the foundation that enables businesses operate smoothly and sustainably. For companies operating in Nigeria, the first step in the regulatory compliance process is incorporating the business with the Corporate Affairs Commission followed […]
ADERONKE ALEX-ADEDIPE AND PROMISE ITAH STAYING AHEAD OF THE CURVE: NAVIGATING NIGERIA’S DATA PROTECTION COMPLIANCE LANDSCAPE Introduction The Nigeria Data Protection Act 2023 (NDPA) is the primary legislation that governs the privacy and protection of Personal Data of natural persons in Nigeria. Modelled in many respects after the General Data Privacy Regulation (GDPR) of the […]
BY SEUN TIMI-KOLEOLU AND HILLARY OKOROTIE Enforcing Your Intellectual Property Rights in Nigeria and Globally Introduction In our previous newsletters, we explored the fundamentals of protecting your intellectual property (IP) rights, such as identifying protectable assets to navigating registration procedures. Protecting your IP right however does not end with registration. Once your IP rights are […]
ADERONKE ALEX-ADEDIPE AND OLAWALE ATANDA Setting Up a Cryptocurrency Company in Nigeria Introduction The adoption of Cryptocurrency has gained significant traction in Nigeria over the years, serving as a store of value to hedge against inflation and as an investment tool for increasing wealth. It has also become a medium for international transfers, where individuals […]