FIRM NEWS
FIRS MENTIONS PLANS TO DEDUCT 5% VAT FOR ONLINE TRANSACTIONS MADE WITH BANK CARDS FROM 2020
To 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 [...]
FIRS THREATENS PUNISHMENT AGAINST MANAGEMENT OF DEFAULTING COMPANIES
The 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 [...]
FIRS APPLIES WHT/VAT ON REBATES/DISCOUNTS/COMMISSIONS
The 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) [...]
SUPER-AGENT LICENCES AND THE IMPLICATIONS FOR TELCOS & BANKS IN NIGERIA
On 29th July 2019, a subsidiary of Telco major – MTN, was issued a licence by the Central Bank of Nigeria to operate as a Super-Agent, making MTN the first [...]
EXPIRATION OF THE VALUE ADDED TAX EXEMPTION ON STOCKBROKING COMMISSIONS
In July 2014, the then Minister of Finance – Dr Ngozi Okonjo- Iweala signed the Value Added Tax (Exemption of Commissions on Stock Exchange Transactions) Order, 2014 to waive payment of [...]
ǼLEX Partner Mr. Ola Orewale spoke on the “Disciplinary Powers of Tertiary Institutions under Nigerian Laws: The Fair Hearing Imperatives” at MOCPED
ǼLEX Partner Mr. Ola Orewale was at the special Enhancement Workshop organised for the Principal Officers of Tertiary Institutions, Thought Leaders and Administrators at Michael Otedola College of Primary Education, [...]
ǼLEX ASSOCIATE ONYINYECHI IWUOHA SECONDED TO LATHAM & WATKINS (LONDON), UNDER THE ILFA FLAGSHIP SECONDMENT PROGRAMME (IFSP)
We are pleased to announce that Onyinyechi Iwuoha, an Associate in ǼLEX’s Banking and Finance Practice Group, has been selected for the ILFA Flagship Secondment Programme (IFSP). Under the IFSP, [...]
THE ALAAFIN OF OYO, HRH OBA LAMIDI ADEYEMI PAID A COURTESY VISIT TO THE ǼLEX LAGOS OFFICE
His Royal Highness, the Alaafin of Oyo, Oba Lamidi Adeyemi visited our Lagos office today. During his courtesy visit, he spoke to our lawyers about the important roles [...]
ǼLEX NOMINATED IN THREE CATEGORIES FOR THE 2019 AFRICAN LEGAL AWARDS
ǼLEX is delighted to announce that we have been nominated in three categories for this year’s African Legal Awards. These include: Competition & Regulatory Team of the Year, IP Team of [...]
ǼLEX RECOGNISED AS NIGERIAN ‘LAW FIRM OF THE YEAR’ BY WHO’S WHO LEGAL(WWL) 2019
We are delighted to announce that ǼLEX has, once again, been recognised as Nigeria’s ‘Law Firm of the Year’ by Who’s Who Legal (WWL). The firm was recognised at the WWL’s [...]
DR. ADESEGUN AKIN-OLUGBADE, APPOINTED AS THE FIRST AFRICAN MEMBER OF THE WORLD TRADE BOARD
Dr. Adesegun A. Akin-Olugbade, International Counsel at ǼLEX, has been appointed as a member of the World Trade Board. He joins twenty other global trade and finance leaders on this [...]
AELEX ASSOCIATE DISCUSS TRENDING LEGAL ISSUES ON ARISE TV
Watch the full interview of ǼLEX Associate Adefoworola Tokan-Lawal discussing some trending legal issues on Arise TV.
ǼLEX FIRM PROFILE
Please click here to download the firm profile
FINTECH REGULATIONS IN NIGERIA – AN OVERVIEW (PART 2)
Nigeria has seen remarkable growth in the technological sector, including exponential growth in FinTech companies, encompassing start-ups and more established businesses, attracting significant interest from policymakers in implementing new regulations [...]
2019 ǼLEX ANNUAL LECTURE; STRONG MEN VS STRONG INSTITUTIONS
Save the date for the 2019 edition of the Aelex Annual Lecture scheduled to hold on the 3rd of July 2019 at Agip Recital Hall, Muson Centre Lagos Nigeria. Watch this [...]
A QUICK GUIDE TO COMPLIANCE WITH THE NIGERIA DATA PROTECTION REGULATION
It has been a few months since the issuance of the Nigerian Data Protection Regulation (‘NDPR’). The NDPR applies to the processing of the personal information of Nigerians and [...]
AN OVERVIEW OF BIG DATA AND DATA PROTECTION IN NIGERIA
Davidson Oturu Introduction Cambridge Dictionary defines data as “information, especially facts or numbers, collected to be examined and considered and used to help decision-making or information in an electronic form [...]
MRS FUNKE ADEKOYA, SAN wins WOMEN IN LAW AWARD
We congratulate Mrs. Funke Adekoya SAN for winning the the 'WOMEN IN LAW AWARD' at the 7 Wonder Women Awards Ceremony Ball. This award was facilitated through a partnership between Guardian [...]