Blog

Legal News & Resources

Counterfeit Bank Notes and Other Related Matters; The Position of Law

When most banks discover that a customer has in his/her possession counterfeit bank notes, the counterfeit money is usually collected and mutilated, and the customer cautioned. The bank does this when the customer has one or a few counterfeit notes in his possession...

Marriage Dissolution in Nigeria

In this article, we would detail the regulatory regime and process for dissolving marriages in Nigeria. As an initial step, we will recommend that you seek legal advice after making the diffi- cult decision to divorce. This is because having an initial meeting with...

Guidelines & Requirements for Grant of Air Transport Licence (ATL)

All airlines in Nigeria are expected to have an Air Transport Licence. In this write-up, we shall be examining the major requirements for the grant of air transport licence in Nigeria. An Air Transport Licence relates to the nature, ownership and financial health of...

Key Changes in the Finance Act 2021

In this article, we shall be looking at some of the key changes introduced by the 2021 Finance Act. The Finance Bill 2021 was signed into law by President Buhari on the 31st of December, 2021. The Finance Act 2021 amends relevant tax, excise and duties statutes in...

Taxes in Nigeria (2)

This is the concluding part about our Taxes in Nigeria series. In this concluding part, we shall be discussing the tax regime for individuals in Nigeria. PAYE - Pay as You Earn Personal Income Tax Resident Tax, etc [button...

Tax Laws in Nigeria

According to the Legal Information Institute, tax is any charge of money or property that is imposed by a government upon individuals or entities that are within the government's authority to collect. This charge or levy is typically imposed on taxpayers in order to...

Key Highlights of the Petroleum Industry Act 2021

The Petroleum Industry Act (Act) was finally signed into law on the 16th of August 2021 by President Muhammadu Buhari, the President of the Federal Republic of Nigeria. The passage of the Act after almost 20 years in the making is a significant milestone for the...