Smart Contracts: Assessing Some Legal Implications of its Use in the Nigerian Capital Market
Smart contracts, among various blockchain technology innovations, have one of the most transformative impacts on operations in financial transactions. As smart contracts usher in a new era of efficiency and automation, they also raise legal concerns and implications that require scrutiny regarding their legality and efficiency in capital markets transactions. In this article, we explore […]
Regulatory Update – Payment Service Providers Connectivity to PTSAs for the Processing of Electronic Transactions
On 11 September 2024, the Central Bank of Nigeria (“CBN”) issued a new circular to all Payment Service Providers (“PSPs”) regarding their connectivity to Payment Terminal Service Aggregators (“PTSAs”) (the “Circular”). This is pursuant to the CBN’s power to promote and facilitate the development of efficient and effective systems for the settlement of transactions (including […]
UUBO’S BANKING & FINANCE TEAM ADVISED OLD MUTUAL ON THE ACQUISITION OF ITS INSURANCE BUSINESSES BY EMPLE GROUP LIMITED
We are proud to have advised Old Mutual on the acquisition of its insurance businesses by emPLE Group Limited. The transaction aligns with Old Mutual’s “decision to sell the Nigerian general insurance and life businesses, with the key consideration for this transaction being the optimisation of capital management.” The Udo Udoma & Belo-Osagie (UUBO) team […]
UUBO Participate in18th Annual International Business Law Conference of the Nigerian Bar Association Section on Business Law (NBA SBL)
We at Udo Udoma & Belo-Osagie are delighted to have participated in the 18th Annual International Business Law Conference of the Nigerian Bar Association Section on Business Law (NBA SBL), which held from the 26th to the 28th of June 2024, in Abuja, Nigeria. As platinum sponsors of the event, we were honoured to support […]
Itoro Udom – Akwa Ibom Tech Week 2023
We are delighted to announce that our associate, Itoro Udom, from the Mergers & Acquisitions, Private Equity, Competition, and Pro Bono teams, will be a panellist at the upcoming Akwa Ibom Tech Week 2023. This event, themed “Africa’s New Tech Destination,” is a pioneering initiative in Akwa Ibom state aimed at uniting the local tech […]
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 Africa Competition Law Guide, an annual publication providing answers to frequently asked questions relating to competition law regimes in various African jurisdictions. To read the Nigeria and ECOWAS chapters of the […]
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 of a significant minority stake in Manipal International Holdings Limited – a leading printing and packaging products provider to diverse industries, including the food and beverage market industries across Africa. We […]
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 InstaDeep Ltd, a company which provides and develops AI decision making solutions. UUBO conducted legal due diligence on InstaDeep Ltd Nigeria and advised on the Nigerian-law-related issues in the transaction. This […]