Tax Reform: Key Provisions of the Nigerian Presumptive Tax Regulations 2026

Nigeria’s tax reform continues to take shape with the issuance of the Nigeria Presumptive Tax Regulations, 2026.  The regulations established a simplified income tax...

POWER SECTOR UPDATES – JUNE 2026

The June 2026 edition of Power Sector Updates, prepared by UUBO’s Energy & Infrastructure team, highlights key regulatory and market developments across Nigeria’s power...

UUBO PRO BONO & SOCIAL IMPACT REPORT 2025

The Udo Udoma & Belo-Osagie Pro Bono Team is pleased to present the fourth edition of our UUBO Pro Bono and Social Impact Report....

Is Your Business Ready for Nigeria’s New Era of Digital Tax Compliance

Nigeria’s tax administration framework is undergoing a major digital transformation through the rollout of the Rev360 platform and the Merchant-Buyer Solution (“MBS”) electronic fiscalisation/e-invoicing...

SEC’s Guidelines on Revised Minimum Capital Requirements for Capital Market Operators

The SEC has issued the Guidelines on Revised Minimum Capital for Regulated Entities, setting out the framework for determining qualifying capital, transitional arrangements, and...

UUBO Authors Nigeria Chapter of 2026 Lexology Panoramic Mining Guide

Lolade Ososami, Amina Ibrahim, Etido David, and Daniel Adedigba of our Mining team have contributed the Nigeria chapter to the Lexology Panoramic Mining guide,...

UUBO Contributes Nigeria Chapter to Lexology Panoramic Copyright Guide

Our Intellectual Property team, comprising Mena Ajakpovi, SAN, Shakirudeen Mosobalaje, Omeiza Alao, and Joseph Olaogun, contributed the Nigeria chapter to the Lexology Panoramic Copyright guide.   Their analysis covers key topics including...

UUBO Contributes to 2026 Chambers and Partners Tax Controversy Global Practice Guide

UUBO is pleased to have contributed to the 2026 Chambers and Partners Tax Controversy Global Practice Guide, authoring both the Law & Practice and...

Did You Know? FG Establishes Private Sector Aircraft Leasing Company

The Federal Government of Nigeria, as part of its ongoing efforts to strengthen the aviation sector and position Nigeria as a regional aviation hub,...

National Arbitration Policy unveils ambitious plan to position the country as Africa’s leading dispute‑resolution hub

Festus Onyia, Mesuabari Mene-Josiah, Titilola Olatunde-Fasogbon, and Michael Ugah of Udo Udoma & Belo-Osagie’s Dispute Resolution team have contributed the Nigerian chapter to the 2026 edition of...

Repositioning and Promoting Energy Investments Between South Africa and Nigeria

Historically, energy investment between Nigeria and South Africa has been underpinned by strong resource potential and market size, but constrained by fragmented legal frameworks,...

Introduction of Nigerian Overnight Financing Rate: Implications for Pricing, Risk and Documentation in Nigeria’s Money Market Transactions

Changing the interbank benchmark rates: from NIBOR to NOFR!  On 17th April 2026, the Central Bank of Nigeria (“CBN”), in collaboration with the Financial...

POWER SECTOR UPDATES – MAY 2026

The May 2026 edition of Power Sector Updates, prepared by UUBO’s Energy & Infrastructure team, highlights key regulatory and market developments across Nigeria’s electricity...

Personal Data Breach – Did You Know?

Personal data breaches are becoming increasingly common among businesses in Nigeria, However, under the Nigeria Data Protection Act 2023 (NDPA) and the General Application and...

Lagos State Government Approves Revised Fair Market Value 2026

The Lagos State Government (LASG) has approved the revised Fair Market Value 2026 (FMV), replacing the previous FMV gazette, effective 1 May 2026. The revised...

THE CHANGING TAX LANDSCAPE: UNDERSTANDING THE TAX IMPLICATIONS OF M&A TRANSACTIONS UNDER THE TAX REFORM ACT 2025

Historically, mergers and acquisitions transactions in Nigeria have been structured with careful consideration of the tax implications arising from share disposals, business transfers, restructurings,...

Caging the Sachet: The Alcohol Policy that makes Winners the Losers

Nigeria’s beverage industry is at a regulatory crossroads. The enforcement of a total ban on sachet alcohol has triggered a high-stakes standoff between public...

Insurance Policyholders’ Protection Fund: Key Obligations for Insurers and Reinsurers under the new NAICOM Guidelines

Nigeria’s insurance regulatory framework continues to evolve, with NAICOM introducing new measures aimed at strengthening policyholder protection, improving market stability, and enhancing confidence in...

Legal, Regulatory, and Market Issues Shaping Nigeria’s Ongoing 2025 Petroleum Licensing Round

UUBO OilGas Insights Vol5 2026

A Review of some Notable Arbitration Decisions by the Nigerian courts in 2025

In our recent newsletter titled “A Review of Some Notable Arbitration Decisions by the Nigerian Courts in 2025,” Festus Onyia, FCIArb, UK, Titilola Olatunde-Fasogbon,...

Nigeria: Executive Order 9 of 2026 on Oil & Gas Revenues – Key Directives and Regulatory Implications

On 13 February 2026, President Bola Ahmed Tinubu issued the Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity,...

Putting out the flare: diligence, structuring, implementation and enforcement under the Nigerian Gas Flare Commercialisation Programme (NGFCP)

Nigeria has had rules against routine gas flaring since 1979. What’s changing now isn’t the rulebook, it’s the architecture around it: – 28 NGFCP...

POWER SECTOR UPDATES – VOL 4 | APRIL 2026

The April 2026 edition of Power Sector Updates, prepared by UUBO’s Energy & Infrastructure team, highlights key regulatory developments across Nigeria’s power sector. This...

Beyond the Bar: Law, Leadership and Influence

What does it mean to lead beyond the law? Our Managing Partner, Jumoke Lambo, sits down with BusinessDay in a compelling conversation on law,...

Nigeria Tax Act 2025 Removes Tax Exemption on Interest Payable on Eligible Foreign Loans

In structuring cross-border financing arrangements, parties have traditionally relied on long-standing tax incentives to optimise funding costs and enhance the attractiveness of investment opportunities in Nigeria....

WHEN IS A RIG NOT A VESSEL?

When is a drilling rig not a vessel under Nigeria’s Cabotage Act? For over a decade, stakeholders in Nigeria’s offshore petroleum sector have grappled...

Fintech Regulatory Update: The Central Bank of Nigeria Commences AML/CFT/CPF Supervison Pilot Scheme For Select Virtual Asset Service Providers

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...

Oil and Gas Update 2026: A Strategic Reset for Nigeria’s Upstream Sector

The NDPC has extended the deadline for filing 2025 Data Protection Compliance Audit Returns to 30 May 2026

The NDPC has extended the deadline for filing 2025 Data Protection Compliance Audit Returns to 30 May 2026.   Organisations should utilise this extension...

To The Last Drop: How Policy is Shaping the Battle for Fuel Dominance

Nigeria’s downstream petroleum sector is undergoing its most significant transformation in decades. The transition from import dependence to a domestic refining model has sparked...

UUBO advises the International Finance Corporation on its provision of a US$45 million financing package to IPT PowerTech

Udo Udoma & Belo-Osagie has advised the International Finance Corporation on its provision of a US$45 million financing package to IPT PowerTech, a leading...

Employment & Labour Law 2026 – Chapter 18

Power Sector Updates 3.0

The March 2026 edition of Power Sector Updates, prepared by UUBO’s Energy & Infrastructure team, highlights key regulatory, institutional, and market developments across Nigeria’s...

Regulatory Update – Routing Remittances through Regulated Channels – The CBN’s New Directive to IMTOs

Nigeria ranks among the largest recipients of diaspora remittances in sub-Saharan Africa, with billions of dollars flowing in annually. Despite this, informal channels and...

Gone Full Circle – CBN Lifts Restrictions on IOCs’ Cash Pooling Arrangements Two Years After Imposing Them

Gone Full Circle – CBN Lifts Restrictions on IOCs’ Cash Pooling Arrangements Two Years After Imposing Them   Two years ago, the CBN introduced...

Regulatory Alert: Nigeria Data Protection Act 2023 (NDPA) and the General Application and Implementation Directive 2025 (GAID)

The Nigerian Data Protection Commission (NDPC), as part of its ongoing sector-focused enforcement efforts, has issued a Guidance Notice directing educational institutions to comply...

The Supreme Court’s Decision in BPE v. Messrs U. Maduka Ent. (Nig.) Ltd: A Day Late and a Dollar Short?

Bridging the Gap: Financing and Scaling Small and Medium Enterprises through Nigeria’s Capital Market

Access to finance remains one of the most significant constraints to the growth and sustainability of SMEs in Nigeria, despite their critical role in...

Udo Udoma & Belo-Osagie advises GFH Capital and Harris Pye Engineering Group Limited

UUBO is pleased to have advised GFH Capital and Harris Pye Engineering Group Limited in connection with the Nigerian competition and antitrust aspects of...

Compliance by Design: Managing Regulatory Risks in Digital Campaigns

Digital advertising has become a primary channel for brands to engage consumers, build visibility, and compete in Nigeria’s online marketplace. However, the rapid expansion...

The Beijing Convention on the Judicial Sale of Ships Enters into Force: Implications for Nigeria’s Maritime and Admiralty Practice

We are pleased to announce the publication of our update titled “The Beijing Convention on the Judicial Sale of Ships Enters into Force: Implications...

POWER SECTOR UPDATES NO. 2: FEBRUARY 2026

The February 2026 edition of Power Sector Updates, prepared by UUBO’s Energy & Infrastructure team, highlights significant legislative, regulatory and institutional developments across Nigeria’s power...

NAVIGATING CROSS-BORDER RESTRUCTURING: LEGAL CONSIDERATIONS FOR NIGERIAN COMPANIES

We are pleased to announce the publication of our article on cross-border restructuring and insolvency-led corporate reorganisation in Nigeria. Our General Corporate Advisory team,...

Islamic Finance News Names Qatar Islamic Bank’s UUBO-Advised $500 million Murabaha Financing IFN Nigeria Deal of the Year 2025 and the IFN Cross Border Deal of the Year

Islamic Finance News (IFN) has named Qatar Islamic Bank’s $500 million Murabaha financing provided to Shoreline Natural Resources Limited as the IFN Nigeria Deal...

Nigerian Regulatory Updates: Key Regulatory Shifts to the Rules Affecting Private Equity Funds and Collective Investment Schemes

We are pleased to announce the publication of our update on the key changes introduced by the Nigerian Securities and Exchange Commission to the...

UDO UDOMA & BELO-OSAGIE CONTRIBUTES NIGERIA CHAPTER IN THE BOWMANS AFRICA M&A GUIDE AND 2026 FORECAST

Nigeria continues to attract strategic and institutional capital as FX reforms, regulatory developments and evolving enforcement standards reshape transaction execution. Folake Elias-Adebowale and Etido...

UUBO Advises GuarantCo Ltd on Provision of USD75 million Credit Guarantee to Robust International Pte

The UUBO Banking and Finance team is pleased to have advised GuarantCo Ltd, together with Pinsent Masons LLP acting as English Counsel, in connection with the...

Udo Udoma & Belo-Osagie Recognised in Chambers Global 2026 Rankings

We welcome our continued recognition in the Chambers and Partners Global Legal Guide 2026 across its Nigeria-facing Banking & Finance, Capital Markets, Competition/Antitrust, Corporate/M&A,...

UNDERSTANDING ADVANCE TAX RULINGS UNDER THE NIGERIA TAX ADMINISTRATION ACT 2025

In structuring transactions, parties typically seek to adopt a structure that optimises their tax position.  To achieve this, they often undertake extensive tax analysis...

UUBO ACTS AS ADVISORS TO HELIOS INVESTMENT PARTNERS

Udo Udoma & Belo-Osagie is delighted to have advised Helios Investment Partners, a leading pan-African private equity firm, on the Nigerian corporate, regulatory, and...

TAX UPDATE: LIRS ISSUES PUBLIC NOTICES ON THE ENFORCEMENT OF KEY PROVISIONS OF THE NIGERIA TAX ADMINISTRATION ACT, 2025

With the Nigeria Tax Administration Act, 2025 now in force, there is an increased focus on the practical enforcement of Nigeria’s new tax administration...

Nigeria’s Data Protection Landscape: Key Developments and What to Expect in 2026 and Beyond

Our latest article reviews the evolution of Nigeria’s data protection framework from the introduction of the NDPR in 2019 to the enactment and enforcement...

Nigeria’s FinTech Regulatory Framework: Key 2025 Developments and Outlook for 2026

Nigeria’s Fintech ecosystem underwent significant changes in 2025, with regulators rolling out major reforms across payments, open banking, digital lending, remittances, foreign exchange, data...

THE NIGERIAN BANKING & FINANCE SECTOR IN REVIEW: REGULATORY DEVELOPMENTS IN 2025 AND OUTLOOK FOR 2026

In 2025, Nigeria’s banking and financial services sector underwent transformative changes, marked by far-reaching regulatory reforms, banking recapitalisation, foreign exchange market recalibration, and significant developments across...

Power Sector Updates: No 1

The January 2026 edition of Power Sector Updates, prepared by UUBO’s Energy & Infrastructure team, highlights key regulatory and commercial developments shaping Nigeria’s electricity...

DID YOU KNOW? A DCPMI MUST FILE DATA PROTECTION COMPLIANCE AUDIT RETURNS BY 31 MARCH EACH YEAR

Nigeria’s data privacy regulations require organisations that process personal data to conduct periodic, risk-based data protection compliance audits. On the other hand, Data Controllers and Data Processors...

SEC’s New Capital Regime – Differentiated Treatment of PE & VC Managers and Market Implications

Following our first update on the SEC’s revised capital framework for private capital managers, this second note focuses on the differentiated treatment of private...

UUBO Banking & Finance Team Closes $285 million Deal

The UUBO Banking and Finance team is pleased to have acted as Nigerian counsel to the lenders, including Rand Merchant Bank and The Standard...

UUBO Capital Markets Team Acts as Solicitor to the Fund in Connection with the Establishment of a NGN200,000,000,000 Private Debt Fund Programme

The UUBO Capital Markets team is pleased to have acted as Solicitor to the Fund in connection with the establishment of a NGN200,000,000,000 (two...

Nigeria Capital Markets: Highlights of the Key Activities in 2025 and Outlook for 2026

2025 marked a pivotal year for the Nigerian capital markets, shaped by landmark regulatory reforms, renewed investor confidence, and significant capital raising activity. The...

Fintech Regulatory Update: SEC Minimum Capital Requirements for Virtual Assets Service Providers and Fintech Operators

The Securities and Exchange Commission (SEC) has issued a new circular introducing significant changes to the minimum capital requirements for Virtual Asset Service Providers...

UUBO Contributes to Thomson Reuters Practical Law’s Commercial Real Estate in Nigeria: Overview Q&A Guide 2025  

Udo Udoma & Belo-Osagie (UUBO) is pleased to have contributed to the Commercial Real Estate in Nigeria: Overview Q&A Guide 2025, published by Thomson Reuters...

Green Finance in Nigeria: 2025 in Review and Outlook for 2026

Nigeria’s economic growth and rapid population increase have heightened environmental sustainability concerns, particularly the rise in greenhouse gas (“GHG”) emissions. In response, green finance...

UUBO Private Equity and Venture Capital Market & Regulatory Update – No. 1 (2026)

Regulatory expectations for private equity and venture capital managers in Nigeria are shifting materially. The Securities and Exchange Commission has revised minimum capital requirements...

CORPORATE ETHICS: ENHANCING BUSINESS INTEGRITY IN NIGERIA

Corporate ethics and business integrity are increasingly vital to sustainable business operations in Nigeria’s regulated corporate environment. Ethical conduct is considered essential to investor...

UUBO’S PRIVATE EQUITY PRACTICE RANKED TIER 1 BY IFLR

We celebrate the Tier 1 ranking accorded to Udo Udoma & Belo-Osagie in the IFLR’s dedicated 2025 Nigeria Private Equity rankings.   This recognition reflects our market leading Private...

Registration of Security under the Secured Transaction in Movable Assets Act, 2017 and Implications for Secured Loan Transactions

The Secured Transactions in Movable Assets Act 2017 (“STMA”) introduced a modern framework for the creation, registration and enforcement of security interests over movable...

UUBO ADVISES LAGOS FREE ZONE COMPANY ON A STRATEGIC COLLABORATION WITH BANK OF INDUSTRY LIMITED

We are delighted to have advised Lagos Free Zone Company on a strategic collaboration with the Bank of Industry Limited, reflecting the continuing importance...

Emerging Trends in Subsidiary Governance and Liability – A Nigerian Perspective

The Nigerian corporate governance landscape is undergoing a period of heightened regulatory scrutiny and enforcement. Recent reforms under the Companies and Allied Matters Act...

Nigeria’s Aviation Centenary: A Regulatory Review and Outlook

On 1 December 2025, Nigeria marked the centenary of the first recorded flight to land in Kano in 1925, a historic event that laid...

UUBO Contributes to the Doing Business in Nigeria: Overview Q&A 2025 Guide

Udo Udoma & Belo-Osagie (UUBO) is pleased to have contributed to the 2025 edition of the Doing Business in Nigeria: Overview Q&A Guide, published...

Nigeria’s Anti-Bribery & Corruption (ABC) and Anti-Money Laundering (AML) Landscape: A Q&A

Nigeria’s anti-bribery, corruption, and anti-money laundering (ABC/AML) framework continued to evolve in 2025, marked in particular by the country’s exit from the FATF grey...

Did You Know: Delayed Action on Employee Misconduct Can Lead To Waiver Of Disciplinary Rights

A simple deferment can turn a valid disciplinary case into a lost cause. Delaying action against employee misconduct can be seen as an acceptance...

Q&A on Nigeria’s Emerging Carbon Market Framework

Nigeria is taking significant steps to develop a structured and investible carbon market that attracts global finance while supporting domestic climate action. With new...

Jumoke Lambo Recognised Among the Top 100 Strategic CEOs of Nigeria’s Most Transformative Companies in 2025

Our Managing Partner, Mrs. Jumoke Lambo, has been featured in The Guardian’s Special Focus on the Top 100 Strategic CEOs of Nigeria’s Most Transformative...

What Employers Should Do When A Case of Sexual Harrassment is Reported

Creating a safe and respectful workplace isn’t optional. When a case of sexual harassment is reported in the workplace, employers have both a legal...

Africa Guide: Employment Trends Forecast 2026

Our Managing Partner Jumoke Lambo, Senior Associate Victoria Agomuo and Associate Ayooluwa Osigwe, all from our Employment Law team, have contributed the Nigeria chapter to Bowmans Law’s...

Navigating the NDPA and the GAID: Understanding the Requirement for a Data Privacy Impact Assessment

The Nigerian data protection landscape is currently experiencing an increase in regulatory enforcement actions by the Nigerian Data Protection Commission. A recurring theme in...

UUBO Wins Debt Capital Market Solicitor of the Year at the 2025 FMDQ GOLD Awards

We are delighted to announce that Udo Udoma & Belo-Osagie has accomplished significant recognition in the prestigious 2025 FMDQ GOLD Awards. Our experienced and...

ALSEC NOMINEES LIMITED APPOINTS MRS. OLUBUKOLA OLONADE-AGAGA AS CHIEF EXECUTIVE OFFICER

Alsec Nominees Limited is excited to announce the appointment of Mrs. Olubukola Olonade-Agaga, FCIS, as Chief Executive Officer, effective Tuesday, 4 November 2025. Olubukola...

Register for the 9th Edition of the Annual U-Law Black Friday Event

Nigerian startups are creating groundbreaking solutions to real problems, yet scaling these innovations beyond our borders remains a significant challenge. Access to international funding,...

Nigeria’s Exit from the Grey List: Implications for Businesses and the Financial System

Nigeria has officially been removed from the Financial Action Task Force Grey List, marking a major step forward in strengthening the country’s anti-money laundering...

The Petroleum Industry Act (Amended) Bill, 2025: Status, Reform Themes, and Stakeholder Implications

Nigeria’s petroleum legal framework is facing its most significant proposed revision since the enactment of the Petroleum Industry Act 2021 as the Petroleum Industry...

Kelechi Ibe – 2026 ITR World Tax Rankings

Udo Udoma & Belo-Osagie is proud to celebrate our Senior Associate, Kelechi Ibe, on his distinguished recognition as a “Rising Star” in the prestigious...

Joseph Odianosen Eimunjeze – 2025 ITR World Tax Rankings

We are delighted to announce that Joseph Odianosen Eimunjeze, a Partner in our Banking and Finance, Corporate Advisory, Taxation, and Fintech teams, has been...

Lolade Ososami – 2026 ITR World Tax Rankings

Udo Udoma & Belo-Osagie is thrilled to announce that Lolade Ososami, head of our Taxation and Mining teams, has received dual recognition in the...

2026 ITR World Tax Rankings

We are delighted to announce that Udo Udoma & Belo-Osagie has achieved significant recognition in the prestigious 2026 ITR World Tax rankings for the...

2025 Annual Directors’ Conference (ADC2025)

We are pleased to announce that our Deputy Managing Partner, Ozofu ’Latunde Ogiemudia, will serve as a moderator at the 2025 Annual Directors’ Conference...

Joseph Eimunjeze and Onyinye Okafor – AFSIC 2025 “Meet the Investment Enablers”

Joseph Eimunjeze and Onyinye Okafor to Feature on AFSIC 2025 “Meet the Investment Enablers” Panel Udo Udoma & Belo-Osagie is pleased to announce that...

UUBO Authors Nigeria Chapter of the International Comparative Legal Guide – International Arbitration 2025

Udo Udoma & Belo-Osagie authored the Nigeria Chapter of the International Comparative Legal Guide – International Arbitration 2025, published by the Global Legal Group....

EFCC and Tax Enforcement: What Nigerian Companies Need to Know about Tax Investigations by the EFCC

In today’s evolving regulatory landscape, Nigerian companies are facing increased scrutiny from the Economic and Financial Crimes Commission (EFCC) and the EFCC is paying...

Celebrating Excellence at UUBO

We at Udo Udoma & Belo-Osagie are delighted to announce the elevation of our Partner, Mena Ajakpovi, to the rank of Senior Advocate of...

FG Sets December 31 Deadline for Mining Firms to Finalise Community Development Agreements

Nigeria’s mining industry is structured to offer economic benefits to both industry players and host communities. However, the Ministry of Solid Minerals Development has...

Nigeria’s Mining Licence Revocations: Legal Insights and Compliance Strategies for Dormant Licence Holders

With the continued expansion of the mining industry in Nigeria, the Federal Government is intentional about positioning the sector as a significant contributor to...

Udo Udoma & Belo-Osagie Expands Practice with Two New Specialist Groups

Udo Udoma & Belo-Osagie (UUBO) is pleased to announce the creation of two new practice groups – Private Wealth and Government Relations & Public...

Managing Law Enforcement Investigations in Nigeria: Effective Strategies and Best Practices for Companies

Corporate investigations in Nigeria are on the rise, and companies are increasingly under scrutiny from law enforcement agencies and regulators. How companies prepare for...

Series on the Tax Reform Acts 2025: What is New and What You Should Know

With the Tax Reform Acts in play, Nigeria has entered a new phase of fiscal reform. While versions of the gazetted laws are already...

5 Key Things to Know About the Insurance Industry Reform Act

The Nigeria Insurance Industry Reform Act 2025 is the most significant legislative change to hit the nation’s insurance sector in decades. Moving far beyond repealing outdated...

Regulatory Update: Guidelines for Insurtech Operations in Nigeria Introduction

The National Insurance Commission (NAICOM), on 30th July 2025, released the Guidelines for Insurtech Operations in Nigeria (the “Guidelines”), which became effective on 1st...