Announcements
AELEX Recognized as a Leading Firm in Chambers and Partners’ 2025 Global Rankings
AelexIT2025-02-27T14:41:49+01:00AELEX Recognized as a Leading Firm in Chambers and Partners' 2025 Global Rankings
February 2025
February 2024
June 2021
Data Protection – Frequently Asked Questions
AelexIT2021-06-10T11:56:46+01:00The National Information Technology Development Agency (NITDA) had set a revised deadline (June 30 2021) for filing of data protection audit by data controllers. With the deadline fast approaching, we share some frequently asked questions (FAQ) [...]
November 2020
ARBITRATING INVESTMENT DISPUTES IN AFRICA
AelexIT2020-11-10T12:09:38+01:00In a webinar organised by Mondaq with the theme “Arbitrating Investment Disputes in Africa: The Nigerian and Ghanaian Framework”, members of AELEX’s Arbitration Practice Group will consider the recent upsurge in the number of investment disputes [...]
May 2020
AELEX Host’s “Business of Entertainment” Webinar
AelexIT2020-05-05T18:00:02+01:00Nigeria’s entertainment industry has been on the rise. Last year, it was estimated to have generated billions of dollars in revenue. The industry also has its own ecosystem that drives it and we intend to examine [...]
April 2020
INNOVATION AND IP
AelexIT2020-04-23T15:51:37+01:00In celebration of the World Intellectual Property Day, AELEX is organising a virtual free legal clinic, themed, 'Innovation and IP' which is scheduled to hold by 12:30pm on 28th April 2020. Intended participants at the webinar [...]
ONE WORLD TOGETHER AT HOME
AelexIT2020-04-23T15:40:46+01:00One of our #probono clients, Global Citizen, recently organised the OneWorld: #TogetheratHome concert that was watched by millions of viewers. The concert was organised to celebrate and support healthcare workers fighting #COVID19 around the world. Following [...]
AELEX RETAINS LEGAL 500 TOP-TIER 1 LEGAL RANKING
AelexIT2020-04-23T14:51:53+01:00We are pleased to have been ranked as a top-tier law firm in the 2020 edition of the The Legal 500 (Legalease) EMEA, a guide to the best lawyers and law firms across Europe, the [...]
September 2019
ǼLEX SHORTLISTED AS LOCAL & FRONTIER LEGAL ADVISORS IN THE PRIVATE EQUITY AFRICA AWARDS 2019
AelexIT2019-09-06T14:09:29+01:00We are delighted to announce that ǼLEX has been shortlisted under the “Local & Frontier Legal Advisors” Subcategory in the forthcoming Private Equity Africa Awards 2019. This is the 8th edition of the Private Equity [...]
August 2019
Central Bank of Nigeria Limits Daily Standing Deposit Facility to N2 Billion
AelexIT2019-09-10T15:09:21+01:00The Central Bank of Nigeria (CBN) recently released a circular titled, “Guidelines on Accessing the CBN Standing Deposit Facility.” The Circular limits the interest-bearing amount of banks’ and discount houses’ liquid assets with the CBN [...]
ECOWAS LAUNCHES COMPETITION REGULATOR
AelexIT2019-08-21T14:16:50+01:00The Economic Community of West African States (ECOWAS) recently launched its competition regulator called the ECOWAS Regional Competition Authority (ERCA) in Banjul, Gambia. ERCA, by implementing the earlier published ECOWAS competition rules, is expected to promote, maintain and [...]
ǼLEX CONGRATULATES HELIOS AND INTERSWITCH AS VERVE GOES GLOBAL
AelexIT2019-08-21T14:58:05+01:00ǼLEX congratulates the Interswitch group on the launch of the Verve Global Card in New York, just months after the card’s debut in Dubai, UAE. This achievement is evidence that Nigerian companies can operate on [...]
FIRS MENTIONS PLANS TO DEDUCT 5% VAT FOR ONLINE TRANSACTIONS MADE WITH BANK CARDS FROM 2020
AelexIT2020-04-23T17:53:44+01:00To address the challenges with taxing the digital economy in Nigeria, the Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, recently mentioned FIRS’ plans to begin the collection of 5% Value Added [...]
FIRS THREATENS PUNISHMENT AGAINST MANAGEMENT OF DEFAULTING COMPANIES
AelexIT2019-09-10T15:14:25+01:00The Federal Inland Revenue Service (FIRS) recently issued a warning against companies whose bank accounts had been placed under lien by FIRS but were yet to reconcile their tax records with FIRS. In the public [...]
FIRS APPLIES WHT/VAT ON REBATES/DISCOUNTS/COMMISSIONS
AelexIT2019-08-21T15:20:04+01:00The Federal Inland Revenue Service (FIRS) recently issued a public notice calling out the failure of some companies to deduct and remit withholding tax (WHT) and value added tax (VAT) from compensation, including commissions, paid [...]