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© 2026 Legalease Ltd. All rights reserved

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  • Article

    Nigeria's 2025 Licensing Round: Beyond The Signature Bonus

    What The Results Announced In July 2026 Signal For investor Risk Appetite - Transaction Structure, The Obligation Stack, Acreage Discipline, And Project Bankability
    NigeriaAccounting and Audit
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Lagos State Government Approves Revised Fair Market Value 2026

    The Lagos State Government has approved a revised Fair Market Value (FMV) 2026 that will fundamentally reshape property valuation and transaction costs across the state. This update affects undeveloped land, residential properties, and all government property-related transactions, requiring buyers, sellers, and developers to recalibrate their financial planning and compliance strategies.
    NigeriaReal Estate and Construction
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    The President Signs The Data Protection Bill Into Law

    The UUBO Data Protection Team is pleased to share with you that the Data Protection Bill has now been signed into law by President of the Federal Republic of Nigeria, Bola Ahmed Tinubu.
    NigeriaPrivacy
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Suspension Of The Expatriate Employment Levy Scheme

    We write to provide an update on the Expatriate Employee Levy Scheme ("EEL Scheme") that was introduced on 27th February 2024 by the Federal Ministry of Interior ("FMI").
    NigeriaEmployment and HR
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Podcast 1 - The Impact Of The NDPR Implementation Framework 2020 On The Existing Provisions Of The Nigeria Data Protection Regulations 2019

    Data protection compliance has become an integral part of every organisation that collects and processes personal data.
    NigeriaPrivacy
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    The NDPC Has Extended The Deadline For Filing 2025 Data Protection Compliance Audit Returns To 30 May 2026

    The NDPC has extended the deadline for filing 2025 Data Protection Compliance Audit Returns to 30 May 2026.
    NigeriaPrivacy
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Delayed Action On Employee Misconduct Can Lead To Waiver Of Disciplinary Rights

    When faced with incidents of employee misconduct, addressing such incidents swiftly through a disciplinary process is not just good workplace practice...
    NigeriaEmployment and HR
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    What Employers Should Do When A Case Of Sexual Harassment Is Reported

    Creating a safe and respectful workplace isn't optional. When a case of sexual harassment is reported in the workplace, employers have both a legal duty to act swiftly and fairly.
    NigeriaEmployment and HR
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Employers Are Now Mandatorily Required To Provide Health Insurance?

    Section 14 (1) of the National Health Insurance Act 2022 ("NHIA") provides that all residents in Nigeria are required to obtain health insurance.
    NigeriaInsurance
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    The Federal Government Of Nigeria Has Approved The Establishment Of A Private Sector Aircraft Leasing Company.

    On 1 May 2026, the Federal Executive Council (“FEC”) approved the establishment of a national aircraft leasing company in Nigeria through a private-sector special purpose...
    NigeriaTechnology
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Africa Guide Mergers And Acquisitions Forecast 2026 - Nigeria

    Nigeria remains at the forefront of Africa's M&A landscape, sustaining strong deal activity and reinforcing its role as one of the region's most active markets.
    NigeriaCorporate/Commercial Law
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Federal High Court Affirms FCCPC's Oversight In Competition Matters

    The court's ruling reinforces the FCCPC's mandate as the primary authority responsible for preventing anti-competitive practices and protecting consumers in Nigeria.
    NigeriaAntitrust/Competition Law
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    UUBO Pro Bono & Social Impact Report 2025

    Udo Udoma & Belo-Osagie (UUBO) demonstrates how strategic pro bono legal services can drive meaningful social impact across Nigeria and beyond. Through partnerships with global organizations and focused initiatives spanning healthcare advocacy, corporate governance support, and access to justice, the firm leverages its legal expertise to strengthen institutions and advance sustainable development aligned with UN SDGs.
    NigeriaCorporate/Commercial Law
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Oil & Gas Industry Alert: Launch Of The Nigerian Midstream And Downstream Industry Oil And Gas Service Permit Portal System

    The Petroleum Industry Act 2021 vests the Nigerian Midstream and Downstream Regulatory Authority with responsibility for the technical and commercial regulation midstream and downstream petroleum ...
    NigeriaEnergy and Natural Resources
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    FIRS Announces Effective Date For Finance Act 2023

    In a recent update, the Federal Inland Revenue Service ("FIRS") officially communicated the revised effective date for the implementation of the Finance Act 2023 ( "the Act").
    NigeriaTax
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Review Of The Final Framework For Regulatory Sandbox Operations In Nigeria

    On 14th January 2021, the Central Bank of Nigeria (the "CBN") released the long-awaited final framework for regulatory sandbox operations in Nigeria (the "Framework").
    NigeriaCorporate/Commercial Law
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Review Of The Regulatory Framework For Open Banking In Nigeria

    To mitigate the cyber security and data privacy risks associated with open banking, the exchange of data through API's services have been divided into 4 main service categories based on the...
    NigeriaFinance and Banking
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    PenCom Directive

    Did you know that the National Pension Commission ("the Commission" or "PenCom") recently issued a directive that has an impact on employers in Nigeria.
    NigeriaEmployment and HR
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Sale Of Foreign Exchange To Bureaux De Change Operators In The Nigerian Foreign Exchange Market

    Prior to November 2024, Bureaux de Change operators ("BDCs") could not access the Nigerian Foreign Exchange Market ("NFEM") to purchase foreign exchange ("FX") for sale to their customers.
    NigeriaFinance and Banking
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Fintech Regulatory Update: SEC Minimum Capital Requirements For Virtual Assets Service Providers And Fintech Operators

    On 16th January, 2026, the Securities and Exchange Commission ("SEC") issued Circular No. 26-1 on the Revised Minimum Capital Requirements...
    NigeriaTechnology
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie

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