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Solid Minerals - Harnessing Nigerias Viable Alternative Resource To Crude Oil
There are high prospects of growth for the solid minerals sector.
Banwo & Ighodalo
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Key Highlights Of The Guidance Notice On Registration Of Data Controllers And Data Processors Of Major Importance
On February 14, 2024, the Nigeria Data Protection Commission ("NDPC"), pursuant to its mandate under the Nigeria Data Protection Act of 2023...Banwo & Ighodalo - Article
The Limits Of Ministerial Authority Under The Petroleum Industry Act, 2021 (As Amended) – A Brief Review Of Eurafric Energy Limited v. Ministry Of Petroleum Resources & Ors. (FHC/L/CS/628/2021)
The decision of the Federal High Court in Eurafric Energy Limited v. Ministry of Petroleum Resources & Ors. in suit number FHC/L/CS/628/2021 (the "Eurafric Case") represents one of the most recent substantive judicial examinations of executive authority under the Petroleum Industry Act, 2021 (as amended) (the "PIA").Banwo & Ighodalo - Article
Regulatory Framework For Open Banking In Nigeria
The Central Bank of Nigeria (the "CBN") in an attempt to provide an enabling regulatory environment for provision of innovative and customer-centric financial services issued the Regulatory Framework for Open Banking in Nigeria...Banwo & Ighodalo - Article
Reforming The Business Climate In Nigeria: Critical Changes Introduced By The Companies And Allied Matters Bill, 2018
On Tuesday, January 22, 2019, the House of Representatives of the Federal Republic of Nigeria, at plenary, considered and adopted all the provisions of the Companies and Allied Matters Act ...Banwo & Ighodalo - Article
Fintech Update - What To Know About The New Regime For The Licensing And Regulation Of Payments Service Holding Companies In Nigeria
On August 3, 2021, the Central Bank of Nigeria ("CBN"), took another step in furtherance of its commitment towards the promotion of an efficient and credible payment system in the country...Banwo & Ighodalo - Article
New DPR Guidelines Set Governing Framework For Flare Gas And Associated Gas Utilization Projects In Nigeria
Recently, the Department of Petroleum Resources issued a tetrad of Guidelines in furtherance of the objectives of the Flare Gas (Prevention of Waste and Pollution) Regulations, 2018.Banwo & Ighodalo - Article
Does The Federal Government Have The Constitutional Powers To Legislate On VAT?
The Federal High Court ("FHC" or "the Court"), recently delivered judgment in a case instituted in the Port Harcourt Division of the Court by the Attorney General of Rivers State against the...Banwo & Ighodalo - Article
Trademark Infringement: Analyzing The Concept Of "Confusingly Similar Trademarks"
The Nigerian Trade Marks Act[1] (Act) prohibits the registration of a trademark which is confusingly similar to an already existing trademark and which is likely to deceive or cause confusion in the course of trade.Banwo & Ighodalo - Article
Tax Appeal Tribunal Rules On Validity Of Electronic Service Of Objection Against Tax Assessment, Penalty For Filing Incorrect Tax Returns, And Related Matters
The Tax Appeal Tribunal, Lagos Zone ("TAT" or the "Tribunal"), in Earth Moving International Ltd. v FIRS (unreported judgement delivered on September 17, 2019 in AppealBanwo & Ighodalo - Article
Tax Treatment Of Non-Profit Entities In Nigeria
Pursuant to changes introduced to the tax regime under the Finance Act 2020 ("Finance Act"), the Federal Inland Revenue Service ("FIRS") recently issued two Information Circulars...Banwo & Ighodalo - Article
Corruption And Enforcement Of Arbitral Awards
Corruption in arbitration may emerge in different forms.Banwo & Ighodalo - Article
Highlights Of The Finance Act 2023 And What Businesses Should Expect
In the twilight of his administration on May 28, 2023, Nigeria's immediate past President, Muhammadu Buhari, signed the Finance Act 2023 (the "Act") into law.Banwo & Ighodalo - Article
Stamping Of Electronic Documents Under The Stamp Duties Act (As Amended By The Finance Act): Impact Of The FIRS' Clarification Circular
On April 29, 2020, the Federal Inland Revenue Service ("FIRS") published a circular titled Clarification on the Provisions of the Stamp Duties Act (the "Information Circular") in order to...Banwo & Ighodalo - Article
Tax Appeal Tribunal Delivers Landmark Decision On Threshold For Exported Service Under Nigerian Tax Law
The Tax Appeal Tribunal, Lagos Zone ("TAT" or the "Tribunal"), recently held that services which flow from service providers in Nigeria to third partiesBanwo & Ighodalo - Article
Financing Residential Mortgage With Pension Funds: Guidance Note For RSA Holders, Mortgage Lenders And Pension Operators
The move to allow retirement savings account ("RSA") holders, to finance residential mortgage with part of their pension funds, has its origin in the Pension Reform Act of 2014 (the "Act").Banwo & Ighodalo - Article
National Identity Management In Nigeria: Matters Arising
An effective national identity management system is critical to the development of any economy.Banwo & Ighodalo - Article
Mining Regulatory Update – Highlights Of The Guidelines For The Production Of Community Development Agreement In The Solid Minerals Sector Issued By The Ministry Of Solid Minerals Development
On November 16, 2023, the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, officially launched the 'Guidelines for the Production of Community Development Agreement...Banwo & Ighodalo - Article
FIRS Clarifies Changes Introduced To Nigerian VAT Regime By The Finance Act 2019
The Value Added Tax Act[1] ("VAT Act") was one of the seven (7) principal tax statutes amended by the Finance Act, 2019.Banwo & Ighodalo - Article
Nigerian Capital Market Strategy 2026: H1 Reform Milestones And H2 Outlook
Nigeria's capital market is undergoing a fundamental transformation driven by the Investments and Securities Act 2025 and the Nigerian Capital Market Strategy 2026.Banwo & Ighodalo