December 30, 2025

Capital Markets, Client Alert

SEC Directs Capital Market Operators to Renew Registration for 2026

In a statement issued on 12 December 2025, the Securities and Exchange Commission (“SEC” or the “Commission”) directed all Capital Market Operators (“CMOs”) to renew their registration with the Commission...

Client Alert, Court Cases, Dispute Resolution

Supreme Court Clarifies Limits of Emergency Powers in Rivers State Case – AG Adamawa State & Ors. v AG Federation & Anor.

Case Alert Supreme Court Strikes Out Multi-State Suit Challenging Rivers State Emergency Proclamation and Defines the Constitutional Parameters for Emergency Declarations and Temporary Suspension of Elected State Institutions under Nigerian...

Client Alert, Court Cases, Dispute Resolution, Publications

From Limak to Champion: The Nigerian Court of Appeal Delivers a Fresh Brew on the Effect of NOTAP Registration in Arbitration Enforcement

The Nigerian Court of Appeal has handed down a decision that bears significantly on public-policy defences to the enforcement of arbitral awards, particularly on the enforcement of awards where the...

Client Alert, Fintech, Publications, Tech

NDPC Sector-by-Sector Investigation for Financial Services and Gaming Companies

The NDPC, by a Compliance Notice, has announced the commencement of investigations into suspected non-compliance with the Nigeria Data Protection Act 2023 (NDPA). The focus is on organisations operating in...

Banking, Capital Markets, Client Alert, Financial Services, Publications

SEC Circular on Transmutation of Independent Non-Executive Directors and Tenure of Directors

Introduction In response to what the Securities and Exchange Commission (SEC or the Commission) describes as “the worrying trend of the transmutation/conversion of Independent Non-Executive Directors (INEDs) to Executive Directors...

Client Alert, Court Cases, Publications, Tax

Federal High Court Upholds TAT Decision in Relation to the Constitutionality of the Income Tax (Country-by-Country Reporting) Regulation 2018

On 5 May 2025, the Federal High Court, Lagos Division, affirmed the Tax Appeal Tribunal’s decision setting aside administrative penalties imposed by the Federal Inland Revenue Service (FIRS) on Checkpoint...

Client Alert, Mining, Publications

New Rates for Mining Services in Nigeria

As part of its ongoing concerted efforts at burgeoning interest within, and enhancing, the mining sector, the Ministry of Solid Minerals Development (the Ministry) on behalf of the Federal Government...

Client Alert, Publications, Tax

Deduction of Tax at Source (Withholding) Regulations 2024

Given the uncertainties surrounding the implementation of withholding tax in Nigeria, the Ministry of Finance, on 01 July 2024 introduced the Deduction of Tax at Source (Withholding) Regulations 2024 (the...