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 2026 ITR World Tax Rankings. A valued member of our Tax, Mining, and Corporate teams, Kelechi’s recognition reflects his exceptional expertise, resilience, and dedication to delivering outstanding client results. This accolade […]
Series on Tax Reform Acts 2025 Part 2: Key Tax Incentives under the Nigeria Tax Act
Nigeria’s 2025 Tax Reform Acts usher in a significant recalibration of the country’s fiscal landscape. Our team examines the key incentives introduced under the Nigeria Tax Act, 2025 and related legislation, highlighting provisions designed to stimulate investment across sectors—from capital markets and agriculture to mining and manufacturing. This update distils the principal exemptions, reliefs and […]
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 in circulation, official publication by the Federal Government is still awaited. In this first part of our series, we examine the Nigeria Tax Act, 2025 and the Nigeria Tax Administration Act, […]
UUBO Contributes to Enterprise NGR’s State of Enterprise (SOE) 2025 Report
We are pleased to have contributed to Enterprise NGR’s State of Enterprise (SOE) 2025 Report, launched earlier this month. Our team worked on the Professional Services section, looking at how the sector has supported business growth, contributed to the economy, and helped advance sustainable development goals across Nigeria. The UUBO team that contributed to the […]
UUBO Contributes to 2025 Chambers and Partners Tax Controversy Global Practice Guide,
Chambers_Tax Controversy 2025_022_nigeria authoring both the Law & Practice and Trends & Developments sections for Nigeria. In these contributions, Lolade Ososami, Joseph Eimunjeze, Kelechi Ibe, Aniekan Udo-Okon, Ikechukwu Fijo, and Tochukwu Nwankwo of our Tax team provide insight into Nigeria’s evolving tax controversy landscape. The Law & Practice chapter provides a practical overview of Nigeria’s […]
Nigeria’s Changing Tax Landscape: The Tax Reform Bills Have Become Law
On 26 June 2025, the President of Nigeria signed into law four sweeping tax reform bills, now collectively referred to as the Tax Reform Acts, with commencement set for 1 January 2026. This marks a pivotal moment in Nigeria’s fiscal history, introducing far-reaching legal and institutional changes to tax law, administration, and inter-governmental coordination. The […]
Tax Update: FIRS’ Country-by-Country Reporting Regulations Declared Void by the Federal High Court
The Federal High Court has affirmed the Tax Appeal Tribunal’s landmark decision in FIRS v. Check Point Software Technologies B.V. Nigeria Ltd, declaring the Country-by-Country Reporting (CbCR) Regulations 2018 null and void. In a well-reasoned judgment, the Court held that the FIRS lacked the statutory authority to issue the regulations in the absence of a […]
An Overview of Nigeria’s Proposed Capital Gains Tax Regime for Indirect Transfers of Shares and Other Interests
The Nigeria Tax Bill, 2024 introduces a major shift to the capital gains tax (“CGT”) regime by expanding its scope to cover indirect transfers of shares and other interests deriving value from Nigerian assets. This has significant implications for private equity investors, multinational groups, and cross-border transactions, particularly where offshore holding structures are used. Key […]
UUBO Pro Bono Team Attends Hospital for Humanity’s 2025 Open Day
Our Pro Bono team, including Deputy Managing Partner and Practice Co-Head Ozofu Ogiemudia, Senior Associate Kelechi Ibe, and Associate Dumebi Anike-Nweze, had the privilege of visiting one of our valued pro bono clients, Hospitals for Humanity, at their open day at Diamed Hospital in Oniru, Lekki, Lagos State. Founded by Dr. Segun Ajayi, Hospitals for […]
Senate Passes Proposed Tax Reform Bills
The Nigerian Senate has passed President Tinubu’s 4 (four) Tax Reform Bills (the “Bills”), following the House of Representatives’ earlier passage of the Bills. As we have explained in this publication, the version passed by the Nigerian Senate differs in some respects from what the Federal House of Representatives passed. Some Key differences include a […]