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Banwo & Ighodalo logo
Banwo & Ighodalo ("B&I") was established on the 1st of February, 1991 with a resolve to create a world class law firm. Today, we are known for…
Article

Banwo & Ighodalo | Nigeria | 27 Jan 2021

Finance Act 2020: Highlights of Latest Developments in Nigeria’s Tax Regime

President Muhammadu Buhari signed the Finance Act 2020 into law on December 31, 2020.
Article

Banwo & Ighodalo | Nigeria | 2 Nov 2020

Copycat or Coincidence: Establishing copyright infringement in similar literary works

Similarity between two works often implies that one is a copy of the other. However, in the creative world, where different perspectives of an idea…
Article

Banwo & Ighodalo | Nigeria | 11 Aug 2020

Companies and Allied Matters Act 2020: Reforming provisions that impact the Nigerian business community

On August 7, 2020, President Muhammadu Buhari assented to the Companies and Allied Maters Act, 2020 ("CAMA 2020"), which repeals and replaces the…
Article

Banwo & Ighodalo | Nigeria | 2 Jul 2020

Stamping of electronic documents under the stamp duties act (as amended by the Finance Act): Impact of the firs’ clarification circular

On April 29, 2020, the Federal Inland Revenue Service (“FIRS”) published a circular titled Clarification on the Provisions of the Stamp Duties Act…
Article

Banwo & Ighodalo | Nigeria | 25 Jun 2020

FIRS clarifies changes introduced to Nigerian VAT regime by the Finance Act 2019

The Value Added Tax Act (“VAT Act”) was one of the seven (7) principal tax statutes amended by the Finance Act, 2019 (“Finance Act”). Being a tax…
Article

Banwo & Ighodalo | Nigeria | 19 Jun 2020

Determination of significant economic presence by a foreign entity taxable in Nigeria’s Digital Economy

Pursuant to powers conferred under section 13(4) of the Companies Income Tax Act (“CITA”), as amended by the Finance Act (2019), the Minister of…
Article

Banwo & Ighodalo | Australia, Nigeria | 21 May 2020

Finance minister issues order expanding the goods and services exempt from VAT in Nigeria

Acting pursuant to the power conferred by Section 38 of the Value Added Tax Act ("VAT Act"), the Honourable Minister of Finance, Budget and National…
In-depth PRO

Banwo & Ighodalo | Nigeria | 5 May 2020

The Banking Regulation Review: Nigeria

Article

Banwo & Ighodalo | Nigeria | 6 Apr 2020

Policy & Regulatory Measures against the Coronavirus Pandemic in Nigeria

The Coronavirus Disease (COVID-19) continues to significantly impact people's health, businesses and the global economy. From country shutdowns…
GTDT PRO

Banwo & Ighodalo | Nigeria | 30 Mar 2020

Acquisition Finance in Nigeria

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