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© 2026 Legalease Ltd. All rights reserved

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  • 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
  • Article

    Recent Changes In The Payout Options For Diaspora Remittances

    The Central Bank of Nigeria (the "CBN") regulates the operation of International Money Transfer Operators ("IMTOs") in Nigeria.
    NigeriaFinance and Banking
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Data Protection Compliance - Conducting Annual Data Protection Audits

    The Nigeria Data Protection Regulations 2019 requires organisations to conduct a detailed audit of their privacy and data protection practices ...
    NigeriaPrivacy
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Regulatory Alert: The Nigeria Data Protection Commission Issues Compliance Notice To Entities Operating Within The Educational Sector in Nigeria

    Following recent enforcement trends, the Nigeria Data Protection Commission (NDPC) has continued its sector-by-sector regulatory compliance investigations.
    NigeriaPrivacy
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    FIRS Introduces Automated VAT Filing & Collection System

    The Federal Inland Revenue Service ("FIRS") has automated its Value Added Tax ("VAT") filing and collection system.
    NigeriaTax
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    FIRS Introduces Automated VAT Filing & Collection System (Updated)

    The Federal Inland Revenue Service has automated its Value Added Tax filing and collection system.
    NigeriaTax
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    UUBO Tax Update – Recovery Of Outstanding Taxes From Taxpayers

    The Federal Inland Revenue Service on December 1, 2020, issued a public notice titled "Public Notice on the Recovery of Outstanding Taxes from Taxpayers".
    NigeriaTax
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Did You Know That A Dcpmi Must File Its Data Protection Compliance Audiт Returns By 31 March Each Year?

    Article 10 of the General Application and Implementation Directive 2025 ("GAID") requires data controllers and data processors to conduct periodic...
    NigeriaPrivacy
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Nigeria's Exit From The Grey List: Implications For Businesses And The Financial System

    At the October 2025 plenary meeting of the Financial Action Task Force ("FATF") in Paris, Nigeria, alongside South Africa, Mozambique and Burkina Faso, was officially removed...
    NigeriaGovernment, Public Sector
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Did You Know? Doing Nothing About A Data Breach Can Be More 'Expensive' Than The Breach!

    In today’s digital environment, data breaches are an operational reality. It could be the result of a sophisticated cyber-attack or an email sent to the wrong person. It is important to note, however, that our data privacy law does not penalise organisations simply for being victims of a personal data breach.
    NigeriaPrivacy
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Tax Reform Updates Nigeria Plans To Introduce CFC Rules

    The four bills, which form the backbone of Nigeria's ongoing tax reform efforts, have been passed by the House of Representatives and are awaiting passage by the Senate.
    NigeriaTax
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Nigeria's Aviation Centenary: A Regulatory Review And Outlook

    Nigeria marks 100 years since the first documented flight into the country, which took place in Kano on 1 December 1925.
    NigeriaTransport
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Update On The 2023 FIRS Guidelines On Mutual Agreement Procedure

    The Mutual Agreement Procedure is a means by which the competent authorities of contracting parties under a double taxation agreement resolve disputes that relate to the application of the DTA.
    NigeriaTax
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    FG Sets December 31 Deadline For Mining Firms To Finalise Community Development Agreements

    To ensure that host communities derive both economic and social benefits from mining activities conducted within their territories, the Federal Government ("FG")...
    NigeriaCorporate/Commercial Law
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Pencom Issues Guidelines On Accessing Retirement Saving Account Balance Towards Payment Of Equity Contribution For Residential Mortgage

    On 23rd September 2022, the National Pension Commission released the Guidelines on Accessing Retirement Saving Account Balance towards Payment of Equity Contribution ...
    NigeriaEmployment and HR
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    What You Need To Know About Suspending An Employee In Nigeria

    An employer has an inherent right to discipline an employee if this becomes necessary, and suspension is a form of discipline.
    NigeriaEmployment and HR
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Balancing FX Liquidity With Sustainability: How Nigeria's Cash Pooling Policies Are Shaping Its Petroleum Industry

    In H1 2024, through a series of circulars issued on February 14th, May 6th, and May 31st, the Central Bank of Nigeria (CBN) introduced significant cash pooling policies affecting International Oil...
    NigeriaEnergy and Natural Resources
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Check Your Eligibility For Common Reporting Standard (CRS) Compliance

    In less than seventy days, all Reporting Financial Institutions will be required to file their first set of Information Returns in compliance with Income Tax Regulations.
    NigeriaFinance and Banking
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Preparing For Common Reporting Standard (CRS) Compliance – Step 1

    In sixty days, all Reporting Financial Institutions will be required to file their first set of Information Returns in compliance with Income Tax Regulations
    NigeriaTax
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie
  • Article

    Nigeria's Mining License Revocations: Legal Insights And Compliance Strategies For Dormant License Holders

    The Federal Government of Nigeria (FGN) is set to revoke over 1,000 inactive mining licences. This move is part of its ongoing economic and technical reforms aimed at revitalising Nigeria's mining sector and driving industrial growth.
    NigeriaEnergy and Natural Resources
    Udo Udoma & Belo-Osagie
    Udo Udoma & Belo-Osagie

Showing 21–40 of 243 results

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