As stated in our previous Newsletter – Timeline for treating unissued share capital extended by the CAC – by virtue of Regulation 13 of the Companies Regulations 2021...

As part of its efforts at ensuring investor protection and encouraging innovation in the conduct of securities business in Nigeria, the Securities and Exchange Commission ("SEC")'s issued Rules on...

Banwo & Ighodalo is proud to have solely contributed the "Nigeria Chapter" to the 8th Edition of the International Comparative Legal Guides to: Copyright Laws and Regulations 2022.

On Thursday, November 21, 2019, the Finance Bill 2019 (the "Bill") was passed by the Senate after scaling through third reading on the floor of the Senate.

Banwo & Ighodalo is proud to have contributed to the 12th Edition of The Banking Regulation Review.

In a unanimous decision handed down on June 10, 2026, the Court of Appeal affirmed the judgment of the Federal High Court that Section 18(2) of the Companies and Allied Matters Act, 2020, as amended (“CAMA 2020”)  which permits private companies to have a single shareholder, applies to ALL private companies, whether incorporated before or after CAMA 2020.

In a unanimous decision handed down on June 10, 2026, the Court of Appeal affirmed the judgment of the Federal High Court that Section 18(2) of the Companies and Allied Matters Act, 2020, as amended (“CAMA 2020”)...

As part of the recent reforms initiated by the Corporate Affairs Commission (CAC) to modernize its operations and increase the ease of doing business...

The Lagos State Lands Bureau has concluded its review of the Blue Book, the document that establishes Fair Market Value for real properties across Lagos State. Taking effect May 1, 2026, this newly revised framework will determine...

The Petroleum Industry Act 2021 (the "Act") which was passed into law on August 16, 2021, introduced several changes to the Nigerian oil and gas regulatory landscape.

The directive of the CBN is predicated on the high credit and liquidity risks posed by these types of investments to the affected OFIs and the entire OFI sub-sector.

On April 6, 2021, members of the Judiciary Staff Union of Nigeria ("JUSUN") commenced an industrial action to press home their demand for financial autonomy for the Judiciary.

The Nigeria Data Protection Bureau (the "NDPB") recently established the National Data Protection Adequacy Programme (the "NaDPAP") Whitelist pursuant to section 37 of the 1999 Constitution of the

The Federal Ministry of Interior ("FMI") recently updated its guidelines for Expatriate Quota ("EQ") administration at the FMI. These developments have immediate effect and are highlighted hereunder for your information...

Following the assent of the Companies and Allied Matters Act 2020 ("CAMA") into law on August 7, 2020 by President Muhammadu Buhari, implementation by the Corporate Affairs Commission ("CAC")...

As you may be aware, the Nigeria Data Protection Bureau ("NDPB") recently published a Compliance Notice (the "Notice"), notifying the general public of the establishment...

Recently, the Federal Inland Revenue Service ("FIRS") issued a Public Notice titled "Payment of Outstanding Foreign Currency Tax Liabilities in Naira" (the "Notice")...

Foreign entities seeking to carry on business in Nigeria can legally hold interests in real property, subject to certain restrictions.

The Tax Appeal Tribunal, Lagos Zone, on September 10, 2020, decided in Ess-Ay Holdings Limited v Federal Inland Revenue Service that the lease of real property (commercial or residential) and payment of rent thereof.

In a landmark decision delivered on July 30, 2024, the Federal High Court ("FHC") held that section 18(2) of the Companies and Allied Matters Act 2020, as amended ("CAMA 2020"), which permits private companies...