Lawyers who get the Deal Through.

New Capital Gains Tax Rules for Nigerian M&A Transactions

While gains on the disposal of shares in Nigerian companies are generally chargeable, the Nigeria Tax Act introduces important exemptions designed to encourage investment and capital market activity.

October 29, 2025

Should In-Person or Banking Hall Verification Still Be Mandatory for Bank Accounts in Nigeria?

Nigeria now operates the Bank Verification Number (BVN) and the National Identification Number (NIN), national digital identity databases containing biometric and demographic data. With these systems, banks can reliably authenticate customers remotely, making mandatory physical presence largely redundant. It is useful to note that the CBN has now extended the requirement for all account holders ( including Tier-1 accounts) to link their accounts to BVN and/or NIN.

October 22, 2025

Taxation of Non-Residents in Nigeria

The Nigeria Tax Act 2025 has clarified and expanded the legal basis for the taxation of non-residents in Nigeria. Under the Act, non-resident persons can now be taxed under four broad categories: Capital Gains, Profits, Consumption of Imported Services, and Premiums/Nigerian Source Income. We discuss these broad categories below.

October 21, 2025

Permanent Establishment in Nigeria

The Nigeria Tax Act 2025 has clarified and expanded the legal definition of permanent establishment and the rules regarding the attribution of income and profits to a permanent establishment. Under the Nigeria Tax Act 2025, a permanent establishment is the taxable presence of a non-resident person in Nigeria.

October 14, 2025

When Should Liability Caps Be Applied – Before or after Set-Off ?

Technology contracts frequently include liability caps. For example, a technology vendor might agree that “no more than 12 months’ fees” can be claimed. But complications often arise when both parties have contractual claims against each other. Should the parties set off their claims first and then apply the liability cap to the net amount? Or should the cap bite on each party’s liability separately, with set-off only after the cap has reduced one side’s claim?

September 30, 2025

Significant Economic Presence in Nigeria

The concept of Significant Economic Presence in Nigeria establishes a taxable nexus for non-resident companies or individuals that derive significant economic benefits from Nigeria, even if they do not have a traditional physical permanent establishment in the country. The concept of Significant Economic Presence is particularly relevant in the digital economy, including e-commerce, cloud computing, online advertising, online platforms, and other electronically mediated service

September 30, 2025

How Foreign Companies Can Legally Buy Minerals in Nigeria: A Buyer’s Guide

Section 94 of the Act prohibits anyone from purchasing any mineral without a valid license to purchase minerals issued by the Ministry of Mines and Steel Development (MMSD). This licence ensures that MMSD can monitor the origin, quality, and legality of mineral transactions, prevent smuggling, and to enforce reporting rules.

September 18, 2025

LASPA: Parking Regulations in Lagos State

Parking in Lagos is no longer an unregulated free-for-all. Since the enactment of the Lagos State Parking Authority Law, 2018 and the operational rollout of the Lagos State Parking Authority, the State has moved to bring both public and private parking under a unified regulatory framework.

September 16, 2025

Cross-Border Data Transfers in Nigeria – U.S. SaaS Companies

For DPOs and privacy counsel of U.S. SaaS companies and Nigerian customers, one big challenge is ensuring lawful cross-border data transfers. This article explains the rules and what NDPA compliance for U.S. SaaS companies requires in practice.

September 14, 2025

Legal Update

Nigeria Issues 2024 Online Trust and Safety Compliance Report

The National Information Technology Development Agency (NITDA) has released the 2024 Compliance Report on the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries (CoP for ICSPs/IIs).

August 22, 2025

Technical and Organizational Measures- A Primer

Technical measures are the technological controls used to protect personal data. On the other hand, organizational measures are the internal policies, governance frameworks, and cultural practices that ensure personal data is processed responsibly

August 20, 2025

Artificial Intelligence in Nigeria: Key Regulatory Considerations

A recent report by Google titled "Our Life With AI: From Innovation to Application" suggests that generative AI adoption in emerging markets is significantly higher than global averages. Within that context, we examine some regulatory touch points within the emerging legal framework for artificial intelligence services in Nigeria.

August 17, 2025

Are U.S. Foreign SaaS Corporations Regulated by Nigeria?

We think that the African SaaS market is already significantly larger than commonly cited figures suggest. While some sources estimate it at around $3.5 billion in 2023, we believe this substantially understates actual consumption.

August 16, 2025

Online Safety Act: Age Verification and Data Reuse

The risk of reuse of age verification data is conceivable

August 13, 2025

Online Trust & Safety in Nigeria: An Overview

In Nigeria, the regulatory landscape surrounding online trust and safety is anchored primarily in the Code of Practice for Interactive Computer Service Platforms & Internet Intermediaries (the “Code”). This framework defines the rules that digital platforms must follow, with specific obligations

August 5, 2025

Bank Corporate Client Acquisitions: Employment Law Considerations

If women were selected, incentivized, or subtly pressured to use charm or appearance to attract business, this may constitute constructive dismissal, if such women feel compelled to resign.

August 5, 2025

Nigeria Data Privacy Law 2025: NDPA & GAID Guide

In March 2025, NDPC issued the General Application and Implementation Directive (GAID) 2025, an operational rulebook that consolidates how the Act applies in practice and introduces detailed rules

August 5, 2025

Lagos State Publishes List of Over 170 Illegal Estates

The Lagos State Ministry of Physical Planning and Urban Development has issued a formal public notice identifying more than 170 real estate developments in Ibeju-Lekki, Epe, Eti-Osa, and other areas as non-compliant estates ( the "Illegal Estates Notice")

August 4, 2025

New Online Lending Regulations in Nigeria by FCCPC

The FCCPC is saying, if you are a digital lender and your business or partnerships do not meet certain minimum standards, we would not let you start the business or enter/continue that partnership agreement. If you have already commenced business, we would stop you from continuing to do business, until you meet our standards. This is a very high bar and commendable.

August 4, 2025

Lawyers who get the Deal Through.

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Client Services in Nigeria

Balogun Harold advises on venture capital, M&A, legal due diligence, competition and merger control, NDPA privacy and audits, data localization, market entry, digital infrastructure, internet regulation, platform law, and start-ups and emerging technology across Nigeria and Africa.

Digital Infrastructure, Cloud & Connectivity Practice

We provide Legal advisory for hyperscalers, cloud providers, data centres, telecom infrastructure, and the digital backbone of Africa's internet economy.

Digital Economy & Internet Regulation Services

Shaping how platforms, internet businesses, and digital ecosystems operate in Nigeria and across Africa.

Internet & Platform Law in Nigeria

Legal advisory for digital platforms, online businesses, and internet-enabled companies operating in Nigeria and across Africa.

Start-ups & Emerging Technology Lawyers

Expert legal counsel for start-ups and emerging technology companies in Africa's innovation ecosystem, including regulatory compliance, funding arrangements, and intellectual property protection.

Venture Capital in Nigeria

Comprehensive legal support for venture capital funds, startup investments, and fundraising in Nigeria's dynamic tech ecosystem.

Legal Due Diligence Services

Thorough legal due diligence for M&A transactions, investments, and regulatory compliance across African markets.

Mergers & Acquisitions Nigeria

Expert M&A counsel for Nigerian transactions, including competition law compliance and regulatory approvals.

Privacy & Data Protection Audits

Comprehensive privacy and data protection audits to ensure compliance with Nigerian data protection regulations and international standards.

Data Localization Advisory Services

Specialist advisory on Nigerian data localization rules for global cloud, fintech, and payment infrastructure providers operating cross-border systems.

Competition & Anti-trust in Nigeria

Expert legal guidance on merger notifications, competition reviews, and anti-trust compliance for Nigerian businesses and transactions.

Market Entry in Nigeria

Comprehensive legal support for international businesses entering the Nigerian market, including regulatory compliance and business structuring.