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October 28, 2019
In exercise of the powers conferred on the Central Bank of Nigeria (CBN) under the CBN Act 2007 to promote a sound financial system in Nigeria, the CBN published Regulations...
October 24, 2019
By a public notice (“the Notice”) issued by the Federal Inland Revenue Service (“the Service” or “FIRS”), a tax office-specific and peculiar to Non-Resident persons as defined under Nigerian law...
October 21, 2019
Recently, a bill for an Act to amend the Deep Offshore and Inland Basin Production Sharing Contract Act, (the Bill) passed the third reading at the Senate and currently awaits...
October 17, 2019
Olaniwun Ajayi LP is pleased to be acting as adviser to Seplat Petroleum Development Company Plc. (Seplat) on its proposed circa £382 million cash acquisition of the entire issued share...
September 26, 2019
The Tax Appeal Tribunal (“TAT“) on 17.09.19, sitting in Lagos, in the matter of Earth Moving International v. Federal Inland Revenue Service1, delivered judgement to the effect that; (x) a...
September 12, 2019
The President of the Federal Republic of Nigeria recently passed into law the Nigerian Police Trust Fund Establishment Act 2019. (NPTFEA or the Act). The NPTFEA creates a Special Intervention...
September 10, 2019
One of the principal objectives of the Nigerian Electricity Regulatory Commission (NERC), as stipulated in the Electric Power Sector Reform Act 2005 (EPSRA), is to ensure that the prices charged...
August 23, 2019
The Federal Inland Revenue Service (“FIRS”), in a Public Notice, issued a guidance to the public and taxpayers in general on Withholding Tax (“WHT”) and Value Added Tax(“VAT”) deductible on...
July 30, 2019
The recent decision of the Court of Appeal in Transocean Support Services Nigeria Limited & 3 Ors. v Nigerian Maritime Administration and Safety Agency & Anor1 (Transocean Decision) that an...
July 23, 2019
Two common expressions that have gained currency in trade parlance, “les absents ont toujours tort” (absent people are always wrong), and “if you are not at the table, you are...
October 28, 2019
In exercise of the powers conferred on the Central Bank of Nigeria (CBN) under the CBN Act 2007 to promote a sound financial system in Nigeria, the CBN published Regulations...
October 24, 2019
By a public notice (“the Notice”) issued by the Federal Inland Revenue Service (“the Service” or “FIRS”), a tax office-specific and peculiar to Non-Resident persons as defined under Nigerian law...
October 21, 2019
Recently, a bill for an Act to amend the Deep Offshore and Inland Basin Production Sharing Contract Act, (the Bill) passed the third reading at the Senate and currently awaits...
October 17, 2019
Olaniwun Ajayi LP is pleased to be acting as adviser to Seplat Petroleum Development Company Plc. (Seplat) on its proposed circa £382 million cash acquisition of the entire issued share...
September 26, 2019
The Tax Appeal Tribunal (“TAT“) on 17.09.19, sitting in Lagos, in the matter of Earth Moving International v. Federal Inland Revenue Service1, delivered judgement to the effect that; (x) a...
September 12, 2019
The President of the Federal Republic of Nigeria recently passed into law the Nigerian Police Trust Fund Establishment Act 2019. (NPTFEA or the Act). The NPTFEA creates a Special Intervention...
September 10, 2019
One of the principal objectives of the Nigerian Electricity Regulatory Commission (NERC), as stipulated in the Electric Power Sector Reform Act 2005 (EPSRA), is to ensure that the prices charged...
August 23, 2019
The Federal Inland Revenue Service (“FIRS”), in a Public Notice, issued a guidance to the public and taxpayers in general on Withholding Tax (“WHT”) and Value Added Tax(“VAT”) deductible on...
July 30, 2019
The recent decision of the Court of Appeal in Transocean Support Services Nigeria Limited & 3 Ors. v Nigerian Maritime Administration and Safety Agency & Anor1 (Transocean Decision) that an...
July 23, 2019
Two common expressions that have gained currency in trade parlance, “les absents ont toujours tort” (absent people are always wrong), and “if you are not at the table, you are...