Open Banking in Nigeria: An Overview of the CBN Operational Guidelines for Open Banking In Nigeria, 2023

Copyright 2023

National Pension Commission issued a directive that has an impact on employers in Nigeria

Settlement of Trade Transactions through PAPSS In Nigeria: Use of Foreign Exchange provided by the CBN and Related Matters

In October 2021, the Central Bank of Nigeria (“CBN”) released the Guidelines on the Operations of Pan-African Payments and Settlement System PAPSS in Nigeria...

Nigerian Chapter of the 20th Edition of the International Comparative Legal Guides – International Arbitration 2023

Data Breaches: Compliance obligations under the Nigerian Data Protection Act 2023

Note these restrictions for a Business Visa

Green Bonds: Helping to Drive Climate Change Mitigation and Sustainable Investments in Nigeria

FIRS Announces Effective Date for Finance Act 2023

Regulatory Update: Recent changes in the Payout Options for Diaspora Remittances

The Nigerian Electricity Act 2023: Illuminating the path towards Power Sector transformation in Nigeria

On June 9th, 2023, President Bola Ahmed Tinubu marked a significant milestone in Nigeria’s electricity sector by signing the Electricity Act 2023. This groundbreaking...

Chambers Energy: Oil & Gas 2023 (Trends & Developments): Nigeria

UUBO is pleased to have contributed the Nigeria chapter of the Energy: Oil & Gas 2023 (Trends & Developments) Global Practice Guide published by...

Chambers Global Practice Guide: Doing Business in Nigeria 2023 -Trends and Developments

Udo Udoma & Belo-Osagie is pleased to have contributed the Doing Business in Nigeria 2023 -Trends and Developments chapter of the Chambers Global Practice...

Lenders Taking Security over Mining Rights for Financing: Nature, Scope and Requirements under Nigerian Law

This article examines the nature of security interests over mining rights in Nigeria and the requirement for the perfection of these security interests, including...

Amina Ibrahim – Partner

An appraisal of the key provisions of the Central Bank of Nigeria’s corporate governance guidelines for e-banking institutions in Nigeria

EMPLOYERS ARE NOW MANDATORILY REQUIRED TO PROVIDE HEALTH INSURANCE?

ICLG – Data Protection 2023

An Appraisal of the Central Bank of Nigeria’s 2023 Guidelines on Contactless Payments

‘s Contactless Payment Guidelines 2023

UUBO Pro Bono 2022 Newsletter and Social Impact Report

The Udo Udoma & Belo-Osagie Pro bono team is proud to present the maiden edition of its Pro Bono and Social Impact Report! This...

ICLG – Fintech 2023 – Promotional Guidelines

UUBO’s Fintech team members Yinka Edu (Partner), Joseph Eimunjeze (Partner), Pamela Onah (Senior Associate) and Oluwatobi Akintayo (Associate) have contributed to the latest Nigerian...

Tax Trends: The Half-Year Wrap-Up

TAXATION OF FOREIGN SHIPPING COMPANIES IN NIGERIA – MATTERS ARISING

Oil & Gas Industry Alert: NMDPRA Grant of Crude Export Terminal and Licences – Overview and Significance

Legal Requirements for Financial Services Apps on the Google Play Store

The recent crackdown on mobile applications (“Apps”) that are geared towards the provision of financial services, including lending, by local regulators has necessitated an...

Review of the Business Facilitation (Miscellaneous Provisions) Act 2022

The Business Facilitation Act and its implications for certain corporate matters under the Companies and Allied Matters Act 2020 The Business Facilitation (Miscellaneous Provisions)...

Fintech: How is the World Shaping the Financial Innovation Industry

Lexology GTDT Market Intelligence – Dispute Resolution 2023 – Nigeria

Regulatory Update – CBN Changes to the Operation of the Foreign Exchange Market

Key Structuring Considerations for Foreign Institutions Lending to Nigerian Corporates and Financial Institutions

Adeola Sunmola – The Africa Energy Forum 2023

UUBO’s Adeola Sunmola (a Partner in the firm’s Banking & Finance, Power, Projects and Infrastructure teams) is attending The Africa Energy Forum 2023. The forum, themed...

Nicholas Okafor – The Africa Energy Forum 2023

UUBO’s Nicholas Okafor (a Partner in the firm’s Power, Projects and Infrastructure, Banking & Finance and Capital Markets teams) is attending The Africa Energy Forum 2023....

Chisom Okolie – World Bank Group’s International Corruption Hunters Alliance (ICHA)

Our Associate, Chisom Okolie, is one of the 19 youth delegates selected from 14 countries to attend and present perspectives at the *World Bank Group’s...

11th Edition ICLG – Lending & Secured Finance Laws and Regulations in Nigeria 2023

UUBO’s Banking & Finance team is proud to announce their contribution to the latest Nigerian chapter of the Global Legal Group’s 11th Edition of...

AN OVERVIEW OF THE FINANCE ACT 2023

The Finance Act 2023 (the “FA 2023”) was signed into law by former President Muhammadu Buhari on 28 May 2023, prior to his leaving...

Climate Change and Financing Transactions in Nigeria: Any Impact of the Climate Change Act?

Nigerian British Chamber of Commerce’s (NBCC) MSME Experts-in-Residence (EIR) Programme

Our banking & finance, capital markets and energy & infrastructure teams’ partner, Onyinye Okafor, will participate in the Nigerian British Chamber of Commerce’s (NBCC)...

Aniekan Ukpanah on His Appointment as the Secretary of the Lex Mundi’s Board of Directors

We at Udo Udoma & Belo-Osagie are delighted to announce the appointment of our Managing Partner, Aniekan Ukpanah to the position of Secretary of the Lex Mundi‘s Board of...

Chartered Institute of Taxation (CIOT) Nigeria themed “Nigeria of the Future: Achieving Sustainable Development through Taxation”

Our tax, mining and metals, and compliance and investigations teams’ partner, Lolade Ososami, joined other leading tax professionals at the just concluded 25th Annual Tax...

Recent Constitutional Amendments on Electricity Generation, Transmission and Distribution – A Springboard for Progress and Hope

African Private Capital Association (AVCA) Private Equity Conference and Venture Capital Summit 2023

UUBO Partners, Folake Elias-Adebowale and Ozofu Olatunde Ogiemudia joined over 600 other enthusiasts from across the African and Africa-facing private equity and venture capital ecosystem at the African Private...

Nigeria and Economic Community of West African States (ECOWAS) chapters of the Bowmans Africa Competition Law Guide

Udo Udoma & Belo-Osagie is pleased to have contributed to the Nigeria and Economic Community of West African States (ECOWAS) chapters of the Bowmans...

Regulatory Update: Approval of the National Blockchain Policy for Nigeria

Nigerian chapter to the 2023 edition of The Middle Eastern and African Arbitration Review

Uzoma Azikiwe, SAN (Partner), Festus Onyia (Partner), and Michael Ugah (Senior Associate) of the firm’s dispute resolution team have contributed the Nigerian chapter to the 2023 edition of...

Understanding the Fundamentals of Taking Security Over Oil and Gas Rights Under the PIA 2021

OIL & GAS INDUSTRY ALERT: LAUNCH OF THE NIGERIAN MIDSTREAM AND DOWNSTREAM INDUSTRY OIL AND GAS SERVICE PERMIT PORTAL SYSTEM

Onyinye Okafor: “Enforcement and Recovery” at the LMA Lagos Training

Our banking & finance team partner, Onyinye Okafor, will moderate a panel titled “Enforcement and Recovery” at the LMA Lagos Training, taking place today, Tuesday,...

Joseph Eimunjeze: Social infrastructure at the LMA Lagos Training

Our banking & finance team partner, Joseph Odianosen Eimunjeze, will moderate a panel titled “Social infrastructure” at the LMA Lagos Training, taking place today, Tuesday,...

Do you know how long your Organisation can retain Customers Personal Data?

Innovative UUBO reinvigorates Nigeria’s dynamic start-up community with U-Law

We are proud to share our Managing Partner, Aniekan Ukpanah‘s Lex Mundi’s member spotlight article. In this article, he shares insights into U-Law,the sub-firm within the...

What to know about the CBN Guidance on Ultimate Beneficial Owners of Legal Persons and Legal Arrangements

CLIENT UPDATE – PERSONS WITH SIGNIFICANT CONTROL REGULATIONS 2022

Clean Energy Tool

Renewable energy is in high demand worldwide as countries and companies recognise the value they can unlock by making the transition to clean energy....

UUBO acted as Nigerian Counsel to Rand Merchant Bank South Africa (“RMB SA”) in connection with a secured on-lending transaction in an aggregate sum of up to USD100,000,000

The UUBO Banking and Finance team is pleased to have acted as Nigerian Counsel to Rand Merchant Bank South Africa (“RMB SA”) in connection...

UUBO advised Bboxx Energy Access Nigeria Limited (Bboxx) in connection with the provision of credit facility by Nithio FI B.V

The UUBO Banking and Finance Team is pleased to have advised Bboxx Energy Access Nigeria Limited (Bboxx) a market leader in off-grid energy in...

NIGERIANS RESIDENT ABROAD AND THE NDPR

DealMaker Award 2023 – Nominated

We are very pleased that DealMakers Africa has shortlisted the Investment in Interswitch Group by LeapFrog Investments and Tana Capital Africa, on which UUBO acted as...

Key Fintech Trends from 2022 and the Outlook for 2023

EmbraceEquity – A Review of the Courts Decision in Omolola Olajide v The Nigerian Police Force and 2 Others

INTERNATIONAL WOMEN’S DAY 2023

Healthcare and Life Sciences in Africa: Current Trends, 2023

Client Update on Prudential Guidelines for Insurance Institutions 2022

MINISTERIAL REGULATIONS ON NIGERIAN CONTENT: An Overview of the Regulation for the Further Growth of Indigenous Capacity

MINISTERIAL REGULATIONS – NIGERIAN OIL AND GAS INDUSTRY CONTENT DEVELOPMENT ACT – An Overview of the Regulations for the Establishment of Operations in Nigeria

UUBO SYNOPSIS – MINISTERIAL REGULATIONS ON NIGERIAN CONTENT: An Overview of the Ministerial Regulations for Training in the Nigerian Oil & Gas Industry

UUBO SYNOPSIS – MINISTERIAL REGULATIONS ON NIGERIAN CONTENT: An Overview of the Nigerian Oil and Gas Research and Development Regulation

UUBO SYNOPSIS – MINISTERIAL REGULATIONS ON NIGERIAN CONTENT: An Overview of the Regulation for the Registration of Oil & Gas Professionals with Nigerian Professional Bodies

TAX SERIES: HIGHLIGHTS OF THE FINANCE BILL 2022

On the 3rd of January 2023, President Muhammadu Buhari signed the 2023 Appropriation Bill for the implementation of the National Budget (the “Budget”) into...

Africa Tech Summit 2023

Udo Udoma & Belo-Osagie is delighted to be at the Africa Tech Summit 2023 in Nairobi, Kenya. To schedule a meeting with our lawyers;...

Data Protection Compliance: Conducting Annual Data Protection Audits

Did you know that: The Nigeria Data Protection Regulations 2019 (“NDPR”) requires organisations to conduct a detailed audit of their privacy and data protection...

UUBO advises Phatisa Food Fund II on its investment in Manipal International Holdings

UUBO congratulates African Private Equity fund manager, Phatisa, and India-based printing, packaging, and technology conglomerate, The Manipal Group, on Phatisa Food Fund 2’s acquisition...

The Lekki Deep Sea Port Project

As President Muhamadu Buhari commissions the Lekki Port Project for commercial operations today, Monday 23rd January, 2023, UUBO reflects on its role as Nigerian counsel...

Deal Announcement: OSM Maritime Group and Thome Group

Leading vessel management and maritime services providers, OSM Maritime Group and Thome Group, have agreed to combine their global businesses (subject to jurisdictional regulatory...

Deal Announcement: BioNTech SE acquires InstaDeep Ltd

The UUBO Private Equity Team is pleased to have acted as Nigerian Counsel to BioNTech SE, a German biotechnology company in its acquisition of...

Revised COVID-19 Public Health Guidelines for All Aviation Service Providers

On 12th December 2022, the Nigerian Civil Aviation Authority (“NCAA”) issued the ‘Revised COVID-19 Public Health Guidelines for All Aviation Service Providers (Domestic and...

THE CLIMATE CHANGE ACT 2021: KEY POINTS FOR CONSIDERATION

In order to protect the Nigerian environment and ecosystem from the ravages associated with climate change and to achieve the reduction of greenhouse gas...

Chambers FinTech Legal Guide 2023 – Folake Elias-Adebowale

Udo Udoma & Belo-Osagie is pleased to announce that our Private Equity & Venture Capital, Mergers & Acquisitions and Oil & Gas teams’ partner, Folake Elias-Adebowale has...

Chambers FinTech Legal Guide 2023 – Yinka Edu

Udo Udoma & Belo-Osagie is pleased to announce that our Fintech, Banking & Finance and Capital Markets and U-Law teams’ partner, Yinka Edu has been ranked by...

UUBO Banking & Finance team acted as Nigerian Counsel to two Development Finance Institutions

The UUBO Banking & Finance team is pleased to have acted as Nigerian Counsel to two Development Finance Institutions – Société de Promotion et...

Chambers and Partners – Banking Regulation 2023

PENCOM Issues Guidelines on Accessing Retirement Saving Account Balance Towards Payment of Equity Contribution for Residential Mortgage

On 23rd September 2022, the National Pension Commission (the “Commission”) released the Guidelines on Accessing Retirement Savings Account (“RSA”) Balance towards Payment of Equity...

Client Update on the NAICOM Circular on the Tenure Limit for Executive Directors of Insurance and Reinsurance Companies

On 22nd November 2022, the National Insurance Commission (the “Commission”) released the Circular on the Tenure Limit for Executive Directors of Insurance and Reinsurance...

Data Protection – Do You Know the Principles Governing the Processing of Personal Data Under the NDPR – Series 2

THE PRINCIPLES GOVERNING THE PROCESSING OF PERSONAL DATA UNDER THE NIGERIA DATA PROTECTION REGULATION 2019

Fast Facts – Disability in the Workplace

In honour of this year’s International Day of Persons with Disabilities, our Employment Law team have prepared an article on disability in the workplace....

Data Protection – Did You Know You Need to Appoint a Data Protection Officer

11th Practical Nigerian Content Forum (PNC)

Udo Udoma & Belo-Osagie is a proud co-sponsor of the 11th Practical Nigerian Content Forum (PNC) presented in partnership with the Nigerian Content Development...

International Bar Association’s Competition Law in Africa Conference

Udo Udoma & Belo-Osagie is a proud co-sponsor of the International Bar Association’s Competition Law in Africa Conference, which is co-presented by the Federal...

Nigeria Chapter Updates – Lexology Getting the Deal Through – Executive Compensation & Employee Benefits

Nigeria Chapter Updates – Lexology Getting the Deal Through – Executive Compensation & Employee Benefits Our Employment Law partner, Jumoke Lambo, and associates, Peter...

UUBO Team Advises on Base10 Partners Investment in BUMPA

We are pleased to have advised Base10 Partners on Nigerian elements of its recent seed funding of Bumpa, an e-commerce platform. The investment is...

UUBO Advises European Investment Bank (Eib) in Connection with the Eur100 Million Financing to MTN Nigeria Communications Plc (MTNN)

The UUBO Banking and Finance team is pleased to have acted as Nigerian Counsel to the European Investment Bank (EIB), the lending arm of...

Client Update on the Nigeria Startup Act 2022

UUBO’s General Corporate Advisory team is pleased to have published a client update on the Nigeria Startup Act 2022. Contributors to the update include...

The Release of Employees in the Oil & Gas Sector

Our Employment law team is pleased to have hosted a learning and engagement session on Tuesday, November 1, 2022, for our clients in the...

IBA Annual Conference 2022, Miami

Udo Udoma & Belo-Osagie is delighted to be at the International Bar Association IBA annual conference 2022 in Miami. To schedule a meeting with our team of...

UUBO Co-sponsors a new WuProductions movie, 4444

As part of our diversity and inclusion commitment, Udo Udoma & Belo-Osagie is committed to evolving strategies and to supporting diverse initiatives and organisations...

Regulatory Update: Exposure Draft Of The Guidelines For The Regulation Of Representative Offices Of Foreign Banks In Nigeria

In the Nigerian banking sector, there are some representative offices which are owned by foreign banks. A representative office serves as a marketing and...