Author: AO2LAW

Investing,Money,In,Banking,And,Financial,Funds,Can,Lead,To
AN EXAMINATION OF MINIMUM EFFECTIVE TAX UNDER THE NIGERIA TAX BILL
The Nigeria Tax Bill introduces a Minimum Effective Tax, aligning with global tax standards to curb profit shifting and base erosion. Applicable to companies with an effective tax rate below 15%, this tax impacts large corporations and MNEs with turnover...
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ESSENTIAL GUIDE TO ANNUAL RETURNS FILING WITH THE CORPORATE AFFAIRS COMMISSION (CAC) AND THE SECURITIES AND EXCHANGE COMMISSION (SEC) FOR CAPITAL MARKET OPERATORS IN NIGERIA
Compliance with regulatory authorities is a fundamental obligation for Capital Market Operators (CMOs) in Nigeria. Timely filing of annual returns with the Corporate Affairs Commission (CAC) and the Securities and Exchange Commission (SEC) ensures legal...
BUREAU DE CHANGE OPERATIONS
BUREAU DE CHANGE OPERATIONS AND STRUCTURE IN NIGERIA: A NEW LEAF?
The Central Bank of Nigeria (CBN) has introduced a new regulatory framework for Bureau De Change (BDC) operations, aimed at stabilizing the foreign exchange market and curbing illicit financial flows. The guidelines introduce new licensing tiers, stricter...
Credit Protection
THE LEGAL FRAMEWORK FOR CREDIT GUARANTEE COMPANIES IN NIGERIA
Access to credit remains a major hurdle for MSMEs in Nigeria, often due to strict collateral requirements. Credit Guarantee Companies (CGCs) help bridge this gap by providing third-party loan guarantees. But what legal framework governs CGCs? This article...
Tax Reforms
HIGHLIGHTS OF THE NIGERIA TAX REFORM BILLS
In October 2024, President Tinubu transmitted four Tax Reform Bills to the National Assembly for consideration namely: the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue...
Arbitration policy
THE NATIONAL POLICY ON ARBITRATION AND ALTERNATIVE DISPUTE RESOLUTION (ADR), 2024: A LIGHT AT THE END OF THE TUNNEL?
Nigeria’s dispute resolution landscape is undergoing a major transformation with the introduction of the National Policy on Arbitration and ADR, 2024. Designed to restore confidence, attract investment, and streamline arbitration, this policy sets the...
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FROM SEIZURE TO SAFEGUARDS: THE LEGAL LANDSCAPE OF EXPROPRIATION OF OIL & GAS INVESTMENTS IN NIGERIA
Expropriation in Nigeria’s petroleum sector poses significant risks for investors. This article explores the legal framework governing government takeovers of private property, highlighting key statutes like the Petroleum Industry Act and the Land Use...
Blockchain
KEY DEVELOPMENTS IN THE ADMINISTRATION OF NIGERIA’S PERSONAL DATA SECURITY LAWS
Since the enactment of Nigeria’s Data Protection Act in June 2023, the Nigeria Data Protection Commission has introduced key compliance directives, audit requirements, and classification guidelines for Data Controllers and Processors. Recent judicial...
National Inland Waterways Authority (NIWA)
THE NIGERIAN NAVIGABLE WATERWAYS AND THE DOCTRINE OF COVERING THE FIELD: THE REVERBERATING ECHOES OF THE SUPREME COURT DECISION IN N.I.W.A V L.S.W.A
The Supreme Court\'s decision in N.I.W.A v. L.S.W.A marks a turning point in Nigerian Maritime, Taxation, and Constitutional law. By reaffirming federal supremacy over navigable waterways, the apex court promotes a unified legal framework vital for economic...
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UNLOCKING THE FUTURE OF NIGERIA\'S POWER SECTOR: APPRAISING NERC\'S BILATERAL TRADING ORDER VIS-À-VIS THE APPLICATION BY NBET FOR THE RENEWAL OF ITS LICENSE
The Nigerian Electricity Regulatory Commission\'s recent Order is transforming Nigeria\'s power sector, transitioning from a centralized trading model to a competitive bilateral trading system. This shift ends NBET\'s monopoly, empowering GenCos and DisCos...