Nigeria has taken another significant step in the growth of its virtual and digital assets ecosystem with the signing of the Presidential Executive Order on
Prior to 2026, the taxation of collective investment schemes (“CISs”) in Nigeria was governed by fragmented provisions under the Companies Income Tax Act, the Personal
The Central Bank of Nigeria (“CBN”), on 1 July 2026, issued a circular titled “Interpretative Guidance on the Practical Operation of Sections 34(2)(b) and 40(2)
UUBO is pleased to have contributed to the 2026 Chambers and Partners Tax Controversy Global Practice Guide, authoring both the Law & Practice and Trends
Changing the interbank benchmark rates: from NIBOR to NOFR! On 17th April 2026, the Central Bank of Nigeria (“CBN”), in collaboration with the Financial Markets
Historically, mergers and acquisitions transactions in Nigeria have been structured with careful consideration of the tax implications arising from share disposals, business transfers, restructurings, and
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. One
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 “Pilot
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 telecom
Gone Full Circle – CBN Lifts Restrictions on IOCs’ Cash Pooling Arrangements Two Years After Imposing Them Two years ago, the CBN introduced a
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