On the 26th day of June 2025, the tax reform Acts (the Nigeria Tax Administration Act, the Nigeria Revenue Service Act, the Joint Revenue Board Act and the Nigeria Tax Act 2025) were signed into law. The Acts were subsequently…
In a notice dated the 30th of August, 2025, the Corporate Affairs Commission (CAC) announced to its customers and stakeholders, that the implementation of the new fees has been deferred to the 1st October 2025. It was stated that the…
Nigeria has entered a new era of tax legislation with the enactment of four major laws: the Nigeria Tax Act (NTA) 2025, the Nigeria Tax Administration Act (NTAA) 2025, the Nigeria Revenue Service (Establishment) Act (NRSEA) 2025, and the Joint Revenue Board (Establishment) Act…
In a press release dated the 4th day of July 2025, Ghana’s Ministry of Energy and Green Transition announced the formal submission of the Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries in the Cape Three Points…
In a landmark legislative update, President Bola Tinubu signed the Investments and Securities Act 2025 (“ISA” or the “Act”) into law. The Act repeals the Investments and Securities Act 2007 and reaffirms the Securities and Exchange Commission (“SEC” or the…
In a landmark legislative update, President Bola Tinubu signed the Investments and Securities Act 2025 (“ISA” or the “Act”) into law. The Act repeals the Investments and Securities Act 2007 and reaffirms the Securities and Exchange Commission (“SEC” or the…
On the 17th of June, 2025, the Corporate Affairs Commission (CAC) issued a public notice on the review of its service fees, which shall take effect from the 1st day of August 2025. The review, according to the Commission is…
Understanding Contracts of Guarantee: A contract of guarantee is typically used in commercial and financial agreements, such as loans, leases, and contracts. A ‘Guarantee’ was defined in Chami v. U.B.A Plc (2010) 841 SC as “a written undertaking by one…
Nigeria has positioned itself as a key destination for private equity (PE) and venture capital (VC) investments in Africa, particularly in sectors like fintech, e-commerce, energy, and agriculture. With a young, tech-savvy population and an expanding digital economy, the country…
As businesses grow and evolve, changes in ownership structure often become necessary, whether to accommodate new investors, transition leadership, or expand operations. However, restructuring a business can be complex, with legal, financial, and operational implications. Many business owners struggle with…
