In recent times, corporate entities operating in various sectors of the Nigerian economy have been inundated with tax assessments from the Revenue Mobilization Allocation and Fiscal Commission ("RMAFC").

The contention on the applicability of the Coastal and Inland Shipping (Cabotage) Act, 2003 to Drilling Rigs, particularly on the question of whether a Drilling Rig can be construed as a vessel within the definition ...

The General Application and Implementation Directive (GAID) 2025, will take effect from September 19, 2025. From that date the Nigeria Data Protection Regulation (NDPR) 2019 and the NDPR 2019...

By the time the WHO upgraded the status of the novel Coronavirus Disease (officially known as COVID-19) outbreak from an epidemic to a global pandemic on 11th March, 2020, the virus had already travelled beyond Wuhan, China, ...

On February 2, 2021, the Federal High Court (FHC) handed down its judgment in a high-profile jurisdictional challenge concerning whether, and to what extent, it can interrogate the "operations"...

Early in the year, the Central Bank of Nigeria ("CBN") issued the "Framework for the Operation of Non-resident Nigerian Ordinary Account and Non-resident Nigerian Investment Account" (the "Framework").

This would then be auto-verified and accepted by the e-Form ‘M' platform.

The CBN introduced the BVN in 2014, as a means of ensuring that every bank account holder in the country has a unique identifier.

The Lagos State Urban and Regional Planning and Development Law, 2019 (the "Law") and the regulations made thereunder, prohibit the commencement of construction works...

Recently, the Federal Inland Revenue Service ("FIRS") issued a public notice, titled "Submission of Certificate of Acceptance" (the "Public Notice"), notifying the general public of the requirement...

On October 5, 2021, the Senate of the Federal Republic of Nigeria passed the Establishment of the Tertiary Hospitals Development Fund Bill 2021 (the "Bill"), which seeks to impose new taxes on companies...

On April 7, 2025, the Lagos State Government ("LASG"), through its Ministry of Physical Planning and Urban Development (the "Ministry"), issued a public notice (the "Public Notice")...

In a Public Notice recently issued pursuant to section 2(4) of the Capital Gains Tax Act[1], ("CGTA"), the Federal Inland Revenue Service ("FIRS") directed all persons, who dispose of chargeable assets to...

On April 15, 2021, the Federal Inland Revenue Service issued a public notice by which it directed all approved enterprises operating within Nigeria's Export Processing and Oil & Gas Free Zones to:

Banwo & Ighodalo is proud to yet again, be the sole Nigerian contributor to the Chambers & Partners FinTech Global Practice Guide (the "FinTech 2021 Guide").

On October 11, 2021, the Central Bank of Nigeria ("CBN") took a fundamental step towards facilitating the settlement and payment of cross-border transactions within the African continent...

Nigeria's music industry has experienced remarkable growth driven by Afrobeats' global rise and digital streaming platforms, but this success has brought significant challenges in music copyright infringement. The unauthorized use of musical compositions and sound recordings has led to legal disputes and financial losses, creating an urgent need for stronger intellectual property rights enforcement. How can Nigeria balance protecting creators' rights while preserving public access to creative works under th

On December 3, 2024, the National Pension Commission ("PenCom"), in a circular referenced "PenCom/TECH/ISD/2024/403"...

On March 25, 2026, the Central Bank of Nigeria (“CBN”) issued a cash pooling circular permitting IOCs to immediately repatriate one hundred per cent (100%) of their export proceeds, through Authorised Dealer Banks (“ADBs”) (the “Circular”).

Registering a trademark confers on the proprietor exclusive rights to use the registered trademark. Thus, trademark proprietors can institute trademark infringement...