Nigeria Tax Act, 2025: An Outlook of Income and Profit Taxation under the Nigeria Tax Act
Introduction On June 26th, 2025, President Bola-Ahmed Tinubu signed into law a suite of four tax reform statutes, including: a) The Nigeria Tax Act, 2025 (NTA), which repeals and codifies existing tax laws, and amends various fiscal provisions to establish a single comprehensive legal framework for taxation in Nigeria; b) The Nigeria Tax Administration Act, […]
The 2025 Nigeria Oil and Gas Industry Mid-Year Report and Future Projections
INTRODUCTION In our 2024 Mid-Year and End-of-Year Report, we highlighted key infrastructural development, emerging investments, and regulatory reforms in accelerating Nigeria’s energy transition, particularly following the Federal Government’s declaration of the Decade of Gas initiative. We tracked the progress of strategic projects, policy interventions, and state-run refinery rehabilitation efforts, while also highlighting projections for Nigeria’s […]
The National Integrated Electricity Policy 2024
INTRODUCTION Following the enactment of the Electricity Act 2023 and its amendment in 2024, the Nigerian Electricity Supply Industry (“NESI”) has witnessed steady progress in implementation. Key developments include the transition to State-level regulation, the incorporation of the Nigerian Independent System Operator (“NISO”), and the establishment of additional successor companies. To support these reforms and […]
Land Tenure System in Benin – Where Does the Mace Lie, the Governor or the Oba?
INTRODUCTION: The Nigerian legal system operates a dual land tenure system, where statutory and customary laws govern land ownership. Before the promulgation of the Land Use Act (“the Act”) in 1978, Nigeria’s land tenure system was primarily governed by customary laws that differed across ethnic communities. In Benin, land was held communally under Bini native […]
Project Finance in Nigeria: Leveraging Step-In Rights to Secure Lender Investments
INTRODUCTION Nigeria’s financial system is skewed towards short-term financing, making it difficult to obtain long-term funds for project and infrastructural development. Infrastructure includes development projects which may be financed by the government or by the private sector (or both) designed to support economic growth and improve essential services. Nigeria as an emerging market, faces significant challenge […]
The 50/50 Myth: Unpacking Settlement of Properties in Nigerian Matrimonial Causes
Introduction The dissolution of marriage often presents not only emotional and psychological challenges but also significant legal and financial complexities. One of the most contentious issues that arises during divorce proceedings is the question of property distribution between the parties. The division of matrimonial properties often sparks contentious debates about fairness, equity, and the contributions […]
Pit to Powerhouse: Will Nigeria Industrialise Its Mining Wealth?
Dear Readers, Nigeria is on the cusp of another defining moment in its industrial and economic evolution. Just weeks after news broke about the establishment of an electric vehicle (EV) factory, in partnership with China, the nation’s mining sector has registered another significant milestone, a landmark $400 million investment into what is set to become […]
The Written Words that Cannot Testify: Legal Limits to Extra-Judicial Statements of a Witness
Introduction In the heart of Nigeria’s criminal justice system lies a troubling paradox that continues to undermine the integrity of police investigations and the prosecution of crimes. This paradox is the persistent and habitual reliance by law enforcement agencies, particularly the Nigerian Police Force, on extrajudicial statements of witnesses obtained during investigations, which are subsequently […]
Who is the Real Employer? – Navigating Liabilities in Triangular Employment in Nigeria
1.0 Introduction An employment relationship is founded upon a contract between the person or body (called the employer) who seeks to retain the services of another (called the employee) effectively putting the employee under their payroll . While this two-party, traditional relationship remains common, triangular employment is becoming more prevalent in Nigeria and globally. This […]
Nigeria’s EV Opportunity: Is Nigeria’s Solid Mineral Sector ready for this opportunity?
Dear Readers, In a strategic development poised to reshape Nigeria’s industrial landscape, China is set to deepen its collaboration with Nigeria through the establishment of electric vehicle (EV) factories. During a recent courtesy visit to the Honourable Minister of Solid Minerals Development, Dr. Dele Alake, Ambassador Dunhai reiterated China’s commitment to elevating its engagement with […]
