2025 was a year of recovery for Nigeria's economy following the ambitious reforms of the Nigerian government, and the capital market played a key role in driving that progress.

In our digitally driven world, where the internet is a cornerstone of commerce, communication, and information dissemination, cybersquatting has emerged as a serious threat.

The Central Bank of Nigeria ("CBN") recently issued a letter to all Nigerian banks announcing a temporary suspension of dividend payments...

Digital advertising has become central to brand visibility and market engagement across sectors. Increased reliance on social media...

In Nigeria's evolving business landscape, upholding integrity is critical to achieving sustainable economic development. Corporate ethics form the cornerstone of this aspiration, as businesses that pay lip service...

The Central Bank of Nigeria has launched Cohort 2.0 of its Regulatory Sandbox Programme, introducing two specialized tracks for testing innovative financial solutions. The VASP Track focuses on virtual assets and stablecoins, while the Non-VASP Track covers data-enabled financial services including Open Banking and payment initiation. Applications are open from August 12-31, 2026, offering eligible innovators a controlled environment to test their products under CBN supervision.

Contactless payments technology is an alternative payment method that allows users to pay for goods and services without the need for physical contact with a device or the use of a card.

Between Wednesday and Thursday, 7th and 8th of May 2025, the Senate passed all four of President Bola Ahmed Tinubu's proposed tax reform bills for the next step of enactment into laws.

On 31st March 2026, the Central Bank of Nigeria ("CBN") issued a press release announcing the commencement of an AML/CFT/CPF Supervision Pilot Scheme (the "Pilot Scheme") for a select group...

The Companies and Allied Matters Act Laws of the Federation of Nigeria 2004 was initially made law in Nigeria in 1990 as a decree of the military government.

Against this background, some of the significant innovations of the Bill are highlighted below.

The Securities and Exchange Commission has issued Circular No. 26-1 dated 16th January 2026, revising the minimum capital requirements applicable to regulated capital market entities in Nigeria.

The Companies and Allied Matters Act Laws of the Federation of Nigeria 2004 was initially made law in Nigeria in 1990 as a decree of the military government.

In the mining and extractive industry, the potential return on investment often intersects with the rights of local landowners and communities.

UUBO is pleased to have successfully represented KCA Deutag Drilling GMBH and KCA Deutag (Nigeria) Limited in Appeal No. SC/684/2023: Pan Ocean Oil Corporation (Nigeria) Limited v. KCA Deutag Drilling GMBH and KCA Deutag (Nigeria) Limited ...

In 2018, Udo Udoma and Belo-Osagie ("UUBO") launched its flagship initiative, the annual UUBO Investigations, Compliance, and Ethics (I.C.E.) Summit

The Companies and Allied Matters Act 2020 ("CAMA 2020") introduced reforms that materially reshaped governance requirements for Nigerian companies. These include strengthened...

The Central Bank of Nigeria, in collaboration with the Financial Markets Dealers Association, has introduced the Nigerian Overnight Financing Rate (NOFR) as Nigeria's new overnight interbank benchmark.

The Finance Act 2020 (the "FA 2020"/ "the Act") was signed into law on 31st December, 2020 and took effect from 1st January 2021.

In our Series 2 of these updates we analysed the Securities and Exchange Commission's ("SEC") requirements in relation to Digital Assets Offering Platforms (DAOPs).