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Nigeria
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In the July 2026 issue of TEMPLARS Tax Transcripts, our Tax Practice examines key developments in tax administration, compliance, and judicial oversight as Nigeria’s new tax regime moves from legislative reform to implementation.
Key updates include the Nigeria Revenue Service's commencement of enforcement of electronic invoicing for large taxpayers, the implementation of Tax Identification framework, and the International Monetary Fund’s recommendations for further revenue mobilisation through tax reforms.
For judicial developments, the Tax Appeal Tribunal reaffirmed that Best of Judgment assessments must be based on available information and reasonable estimation rather than arbitrary assumptions.
For further information, please contact TEMPLARS Partners, Igonikon Adekunle and Sesan Sulaiman.
Read publictation: https://t.co/SJmD3YYiT4
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#NigeriaTax #TaxLaw #TaxCompliance #TaxReform #TaxAdministration #CorporateTax #BusinessCompliance #TaxDisputes #FiscalPolicy
Nigeria's oil and gas mergers & acquisitions market is subject to increasingly rigorous regulatory oversight as competition law assumes a more prominent role alongside sector-specific approvals. While transaction parties often focus on requirements under the Petroleum Industry Act, the Federal Competition and Consumer Protection Act imposes separate obligations that can significantly affect deal timelines and execution.
Authored by TEMPLARS Partner, Zelda Akindele, and Senior Associate, Adebimpe MacGregor, this article examines the growing risk of gun-jumping in Nigerian oil and gas transactions and the regulatory consequences of premature information sharing, operational coordination or business integration before clearance is obtained.
The authors explore practical safeguards, including competition protocols, clean teams and other deal structuring mechanisms, to help parties manage due diligence and transaction planning while remaining compliant with the Federal Competition and Consumer Protection Act, 2018 (FCCPA), and the Petroleum Industry Act, 2021 (PIA).
Read the publication: https://t.co/bkAovw7daa
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#Nigeria #OilAndGas #EnergyLaw #CompetitionLaw #MergerControl #MergersAndAcquisitions #RegulatoryCompliance #FCCPC #PetroleumIndustryAct
TEMPLARS Senior Associate, Munachiso Michael, will moderate a panel session at the 2026 edition of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) General Counsel and Legal Advisers' Forum.
The session, titled "From Mandate to Impact: Implementing the PIA's Host Community Development Framework Across Nigeria's Midstream Petroleum Value Chain", will examine the practical implementation of the Petroleum Industry Act's Host Community Development framework within Nigeria's midstream petroleum sector.
Date: Today, 30 June 2026
Venue: Abuja Continental Hotel, Abuja
Time: 9:00 AM (WAT)
The NMDPRA General Counsel and Legal Advisers' Forum convenes legal advisers, regulators, and industry stakeholders to discuss emerging legal and regulatory issues shaping Nigeria's midstream and downstream petroleum industry.
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#NMDPRA #PetroleumIndustryAct #PIA #EnergyLaw #OilAndGas #NigeriaEnergy #EnergyRegulation
The issuance of the General Transition Guidelines for the Tax Acts 2025 provides long-awaited clarity on one of the most significant tax reforms in Nigeria's recent history.
In this Client Alert, we examine the practical implications of the Guidelines for businesses navigating the transition to the new tax regime. The publication considers the treatment of accounting periods, transaction taxes, ongoing contracts, tax incentives, disputes, and compliance obligations, highlighting how the applicable legal framework will be determined during the transitional period.
The authors also outline key commercial considerations for businesses, including the need to reassess existing contracts, tax positions, compliance processes, and reporting obligations to mitigate implementation risks and ensure a seamless transition under the Tax Acts 2025.
For further information, please contact TEMPLARS Partners, Igonikon Adekunle and Sesan Sulaiman.
Read the publication: https://t.co/hWipoeAdS5
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#TaxReform #NigeriaTax #CorporateTax #TaxCompliance #BusinessLaw #NigeriaBusiness #LegalInsights #TaxStrategy
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LOS I ABJ I PH
TEMPLARS Managing Partner (Ghana), Augustine Kidisil, and Associate, Samuel Pinaman Adomako, have contributed the Ghana chapter to the Market Insights of the Commercial Litigation: Law Over Borders Comparative Guide 2026, published by The Global Legal Post.
The chapter examines the Ghanaian Court of Appeal's decision in Larry Ettah v. Wonda World Property Ltd, clarifying that an arbitration clause does not automatically preclude litigation where liability has been admitted. It explores the implications for drafting dispute resolution clauses, managing pre-action correspondence, and pursuing efficient debt recovery strategies.
Read the full chapter: https://t.co/wBnXmNRUpW
Law Over Borders Comparative Guide 2026 provides a comparative analysis of litigation, arbitration, and alternative dispute resolution across key jurisdictions, offering practical guidance for businesses and legal practitioners navigating cross-border disputes.
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#CommercialLitigation #Arbitration #DisputeResolution #GhanaLaw #CrossBorderBusiness #InternationalArbitration #ThoughtLeadership
#FlashbackFriday: TEMPLARS Partner, Funmi Iyayi, and Associate, Matilda Sarpong, have co-authored an article featured in the second edition of The Legal Industry Reviews: Ghana.
The publication examines the legal and tax considerations for transferring shares in Ghanaian companies into offshore trust structures, offering practical guidance on corporate compliance, capital gains tax, and cross-border structuring.
As cross-border wealth planning continues to evolve, offshore trusts are becoming an increasingly important tool for asset preservation and succession planning.
Read the article on page 30 of The Legal Industry Reviews: Ghana - https://t.co/1VYd8yBUK4
The The Legal Industry Reviews (LIR) is a leading global legal publishing platform that showcases thought leadership from leading law firms, connecting legal professionals, businesses, and in-house counsel with authoritative insights on legal and commercial developments worldwide.
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#WealthManagement #OffshoreTrusts #CorporateLaw #TaxLaw #CrossBorder #Ghana
#ThrowbackThursday : 3 June 2026 | The up to US$750 million Reserve-Based Lending (RBL) facility provided by African Export-Import Bank (Afreximbank) to Heirs Energies Limited, a transaction on which TEMPLARS advised Heirs Energies Limited has been named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026 in London.
The TEMPLARS team was led by Partner, Dupe Dabiri, with support from Senior Associates, Victor Sameria and Oyinda Afolabi, and Associates, Victoria Gordon, Christine Unuigboje, and Lawrence Oluwatobi Ola-Adisa.
In 2021, TEMPLARS also advised Heirs Energies Limited on the acquisition of Oil Mining Lease (OML 17) and the related acquisition financing.
We congratulate Heirs Energies Limited on this well-deserved recognition and are pleased to have supported a transaction that continues to receive industry acclaim.
Read more: https://t.co/bdyyRzXr9x
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#ProjectFinance #OilAndGas #EnergyFinance #ReserveBasedLending #InfrastructureFinance #AfricaEnergy #CrossBorderTransactions
On 10 June 2026, the Court of Appeal settled a question that has lingered since the enactment of CAMA 2020: can private companies incorporated before the legislation operate with a sole shareholder?
This Client Alert examines the Court of Appeal’s decision affirming that the single-shareholder structure introduced under CAMA 2020 is available to all private companies, irrespective of when they were incorporated.
The publication explores the Court’s reasoning, the implications for existing companies, and the opportunities now available to businesses seeking greater ownership flexibility.
For further information, please contact TEMPLARS Partner, Ijeoma Uju, or Associate, Obehi Iyoha.
Read the publication: https://t.co/ps6BH2bysk
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#CorporateLaw #CAMA2020 #CorporateGovernance #CompanyLaw #BusinessLaw #NigeriaBusiness #MergersAndAcquisitions #InvestAfrica
#ThrowbackThursday: 26 May 2026 | Conversations with TEMPLARS: Ghana’s Mining Sector at a Turning Point
Ghana’s mining sector is approaching an inflection point. The policy conversation is evolving beyond extraction and royalties towards a broader question: how to retain greater value across the mining value chain while maintaining competitiveness and investor confidence.
The event hosted in collaboration with the United States Embassy Commercial Service Section, Accra, examined the legal, regulatory, and commercial considerations shaping this transition.
While there was broad consensus on the need to deepen local participation, strengthen value retention, and expand domestic beneficiation, participants emphasised that achieving these objectives will require reforms grounded in predictability, stakeholder engagement, and commercial practicality.
The discussion highlighted a central challenge for policymakers: ensuring that local content initiatives translate into sustainable industrial capacity, rather than merely increasing local procurement statistics.
Watch the recap video: https://t.co/uOQzYkRYNh
See photos from the event:
Photo 1 (L-R): Panellists- TEMPLARS Partner, Sarpong Odame; Angela Attieh, CEO, Nguvu Mining; Richard Nunekpeku, Deputy CEO, Ghana Gold Board (GoldBod); TEMPLARS Senior Associate, Aasiya Sarku Nettey; and Michael Edem Akafia - MCIArb, President, Ghana Chamber of Mines & Vice President, External Affairs, GOLD FIELDS.
Photo 2 (L-R): Michael Edem Akafia; TEMPLARS Partner, Funmi Iyayi; Rachel Kreissl, Commercial Counselor, Sub-Saharan Africa, U.S. Department of Commerce; Angela Attieh; TEMPLARS Managing Partner (Ghana), Augustine Kidisil; Aasiya Sarku Nettey; Jane Amerley Annan, Commercial Specialist, U.S. Department of Commerce; and Sarpong Odame.
Photo 3: Attendees at the Conversations with TEMPLARS: Ghana’s Mining Sector at a Turning Point Executive Breakfast Meeting.
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#GhanaMining #MiningIndustry #MiningInvestment #MiningPolicy #LocalContent #NaturalResources #AfricaBusiness #SustainableMining
The Nigerian Electricity Regulatory Commission (NERC)'s recently issued Net Billing Regulations 2026 mark a significant milestone in the evolution of Nigeria’s distributed renewable energy market. For the first time, eligible customers can export surplus renewable electricity to distribution networks and receive bill credits under a standardised framework.
In this article, TEMPLARS Partner, Desmond Ogba, and Associates, Joshua Olorunmaiye and Nyerhovwo Umukoro, examine the commercial implications of the Regulations for developers, investors, financiers, DisCos and other key stakeholders. They place particular emphasis on the commercial and economic viability of the net billing regime, rather than on legal and regulatory mechanics alone.
The article analyses the key features of the Regulations, the opportunities that they create, and the challenges they present for market participants. It also considers the broader role of the Regulations in Nigeria’s nascent decentralised electricity market.
As Nigeria seeks to accelerate renewable energy deployment and attract investment to advance its energy transition objectives, the Net Billing Regulations may prove to be among the most commercially significant renewable energy reforms introduced since the enactment of the Electricity Act 2023.
Read the publication: https://t.co/WYlqnibi3C
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#NetBilling #RenewableEnergy #SolarEnergy #EnergyTransition #PowerSector #EnergyRegulation #InfrastructureInvestment #NigeriaEnergy #Power
#ThrowbackThursday to 20th May 2026: TEMPLARS welcomed philanthropist, entrepreneur, global advocate, and Founder of the Cuppy Foundation, Florence "Cuppy" Otedola, to the maiden edition of the TEMPLARS Impact Series for a conversation on purpose, impact, and the responsibility of giving back.
The session commenced with a keynote address by Cuppy on "The Power of Giving Back", followed by a fireside chat with TEMPLARS Partner, Dayo Okusami. They discussed the process and principle of Giving Back, not necessarily money, but also time, access and opportunities: the vision behind the Cuppy Africa Scholars Fund and the role of philanthropy in expanding access to education and opportunity.
TEMPLARS Managing Partner, Oghogho Akpata, reaffirmed the importance of the firm's partnership with the Cuppy Foundation and our shared commitment to giving back and expanding access to opportunities that elevate Nigerians, Ghanaians, and other Africans.
See recap video: https://t.co/QgMx8Q7SNm
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#TEMPLARSImpactSeries #Philanthropy #CorporateSocialResponsibility #EducationForImpact #Leadership #GivingBack #SocialImpact
Climate litigation is evolving from an environmental concern into a material business risk.
In this article, TEMPLARS Partners, Cyriacus Orlu and Desmond Ogba, and Associate, Francis Jarigo, ACIArb (UK), examine the landmark Greenpeace v. TotalEnergies decision and its implications for Nigeria’s oil and gas industry.
The publication analyses how existing Nigerian legal and regulatory frameworks, including the Climate Change Act, Petroleum Industry Act, and Federal Competition and Consumer Protection Act, may expose companies to regulatory scrutiny, litigation, and reputational risk where climate-related claims are not supported by operational realities.
Drawing on emerging international enforcement trends, the authors provide practical guidance on climate governance, sustainability disclosures, consumer protection risks, and climate litigation preparedness, highlighting why the credibility of corporate climate narratives has become a strategic necessity and a commercial imperative.
Read the publication: https://t.co/FwrdKERJA8
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#ClimateLitigation #Greenwashing #ESG #Sustainability #EnergyLaw #OilAndGas #CorporateGovernance #RiskManagement
The Federal High Court recently issued the Federal High Court (Nigerian Electricity Supply Industry) Practice Directions 2026, reinforcing the increasingly specialised framework governing dispute resolution within Nigeria’s electricity sector. Against the backdrop of the Electricity Act 2023 and the evolving regulatory structure of the Nigerian Electricity Supply Industry, disputes in the sector can no longer be approached through conventional litigation strategies alone.
In this article, TEMPLARS Partners, Sadiq Ilegieuno, FCIArb, FICMC and Desmond Ogba, and Associate, Francis Jarigo, examine the sector’s multi-layered dispute resolution framework, including regulatory processes administered by the Nigerian Electricity Regulatory Commission, contractual dispute resolution mechanisms, and judicial intervention.
The publication explores the growing importance of procedural sequencing, regulatory oversight, and carefully drafted dispute resolution clauses in navigating disputes across the electricity value chain, while highlighting the commercial risks associated with procedural and jurisdictional missteps.
The analysis provides practical guidance for licensees, investors, financiers, consumers, and other stakeholders managing regulatory and contractual disputes within Nigeria’s evolving electricity market.
Read the publication:https://t.co/nZjKRWsDHy
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#PowerSector #EnergyLaw #DisputeResolution #Arbitration #ElectricityAct2023 #NERC #InfrastructureFinance
TEMPLARS Partner, Igonikon Adekunle, will speak at a webinar hosted by the Corporate & In-House Counsel Committee (CICC) of the Chartered Institute of Arbitrators Nigeria Branch (Ciarb Nigeria) titled, “Sink or Swim with Arbitration: What You Signed Up For vs What You Didn’t”.
The session will examine the widening gap between arbitration’s perceived advantages, neutrality, efficiency, and finality, and the practical realities parties increasingly encounter. Discussions will also consider how commercial parties and practitioners can better preserve finality, manage risk, and maximise value in arbitration proceedings.
Date: Tuesday, 26 May 2026
Time: 2:00 PM (WAT – Lagos); 1:00 PM (GMT – Accra)
Register: https://t.co/xgYFQSbmcs
The Chartered Institute of Arbitrators (Ciarb) is a global professional body focused on advancing alternative dispute resolution through training, qualifications, professional standards, and dispute resolution support services across jurisdictions worldwide.
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#Arbitration #DisputeResolution #ADR #CommercialArbitration #Litigation #NigeriaLaw #ArbitrationLaw
In the May 2026 edition of TEMPLARS Tax Transcripts, our Tax Practice examines recent administrative, legislative, and judicial developments shaping tax compliance and dispute resolution in Nigeria.
This issue highlights the Nigeria Revenue Service’s rollout of weekend operations to support taxpayer transition to the Rev360 platform, Lagos State’s proposed harmonisation of taxes and levies aimed at reducing multiple taxation and illegal collections, and the Office of the Tax Ombud’s proposed 30-day complaint resolution framework, signalling a broader push towards digitalisation, taxpayer accessibility, and administrative efficiency.
For further clarification, please contact TEMPLARS Partners, Igonikon Adekunle and Sesan Sulaiman.
Read publication: https://t.co/ExPJ7YzY2D
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#Tax #NigeriaTax #TaxCompliance #TaxPolicy #TaxDisputes #TaxAdministration #Rev360 #NigeriaRevenueService #TaxReform #TEMPLARS #CorporateTax #DisputeResolution
#FlashbackFriday: A quick glance at the recent Evening with TEMPLARS, a high-level engagement examining the forces shaping today’s market landscape.
The evening featured insightful conversations and engaging discussions on capital flows, regulatory direction, and execution challenges across the energy, infrastructure, finance, and technology sectors, grounded in practical local context.
Convened by TEMPLARS Partner, Ronke Sokefun, F.CIoD, FCIS, the event was a gathering of leaders from government, regulatory institutions, and the private sector.
See pictures below (left to right):
- The Convener Ronke Sokefun, addressing the attendees.
- TEMPLARS Partner, Desmond Ogba; Auwal Ibrahim, Principal Manager Compliance litigation, Corporate Affairs Commission; Hussaini Ishaq Magaji, SAN, Registrar General Corporate Affairs Commission; and Ronke Sokefun.
- Dr. Ajani Magdalene N, Permanent Secretary, Ministry of Interior, Nigeria and Ronke Sokefun.
- TEMPLARS Associate, Nafisa Haliru; Opeyemi Agbaje, Chairman, PENCOM; Ronke Sokefun; Kamar Bakrin, Executive Secretary, National Sugar Development Council; Charles Odii, CEO/Director General of the Small and Medium Enterprises Development Agency (SMEDAN)
View more: https://t.co/ttyGz0HOf7
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#EveningWithTEMPLARS #NigeriaBusiness #PublicPrivateDialogue #MarketInsights #CommercialLaw #ThoughtLeadership
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recently issued the Nigerian Upstream Decommissioning and Abandonment Regulations 2026, introducing material changes to Nigeria’s upstream decommissioning framework under the Petroleum Industry Act, 2021.
In this article, TEMPLARS Partner, Dayo Okusami, and Associates, Theo Eke and Anuoluwa Austine-Orimoloye, examine the key revisions introduced by the 2026 Regulations, including changes to Decommissioning and Abandonment Plan submission timelines, Fund establishment mechanics, and fund domiciliation requirements.
The publication also examines the growing commercial significance of decommissioning obligations in upstream mergers and acquisitions, financing transactions, and regulatory compliance, while providing practical insight into how the revised framework may affect upstream operators, investors, lenders, and counterparties engaging with Nigerian upstream assets.
Read the publication:https://t.co/ELm02cEPWG
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#NigeriaEnergy #OilAndGas #UpstreamOilAndGas #EnergyLaw #PetroleumIndustryAct #NUPRC #Decommissioning #ProjectFinance #OilAndGasRegulation #EnergyTransition #UpstreamMAndA #EnergyInfrastructure
Connect with TEMPLARS Senior Associate, Victor Sameria, at the Africa CEO Forum 2026 taking place from 14 to 15 May 2026 at the Kigali Convention Centre, Rwanda.
This year’s Forum, themed “Scale or Fail: Why Africa Must Embrace Shared Ownership?”, will convene business leaders, investors, policymakers, and development institutions to examine the key economic, investment, and policy issues shaping Africa’s future.
Founded by Jeune Afrique Media Group and co-hosted by the IFC - International Finance Corporation, the Africa CEO Forum is one of the continent’s leading platforms for business and policy dialogue focused on accelerating growth and investment across Africa.
To schedule a meeting with Victor during the Forum, please reach out to him directly or contact the TEMPLARS Business Communications team at [email protected].
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#AfricaCEOForum #AfricaBusiness #AfricanEconomy #InvestmentInAfrica #BusinessInAfrica #EconomicGrowth #PrivateSector #IFC #Rwanda #Kigali
On 30 April 2026, the Nigeria Revenue Service launched Rev360, a new digital tax administration platform replacing TaxPro Max and consolidating key tax compliance and administrative functions within a single self-service system. The rollout signals a further shift towards integrated, technology-driven tax administration in Nigeria.
This client alert examines the operational and compliance implications of the transition to Rev360, including onboarding, migration of taxpayer records, role-based access for tax advisers, and the practical steps taxpayers should take to manage reconciliation, governance, and filing risks during implementation.
For guidance, contact TEMPLARS Partners, Igonikon Adekunle and Sesan Sulaiman.
Read publication: https://t.co/8zoqzWhPOM
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#Tax #TaxCompliance #NigeriaTax #TaxAdministration #DigitalTax #TaxTechnology #NRS #CorporateTax #BusinessCompliance #NigeriaBusiness #TaxAdvisory #TaxRegulatoryUpdate
#FlashbackFriday to the Nigeria Banking Outlook 2026 Conference, where TEMPLARS Deputy Managing Partner, Chike Obianwu joined senior industry leaders and policymakers to examine the recent regulator-mandated recapitalisation of the Nigerian banking industry.
Speaking on the panel, “Recapitalisation and the Road Ahead: Building a Stronger, More Competitive Banking Sector”, Chike shared legal and governance perspectives on post-recapitalisation regulatory oversight, market governance, investor confidence, and the lessons from similar recapitalisation exercises in the Nigerian market.
The session formed part of broader conversations at the Conference around building a more resilient, sustainable, transparent, technology-driven, and inclusive financial system aligned with Nigeria’s wider economic growth objectives.
See photos:
Image 1: Chike Obianwu speaking on the “Recapitalisation and the Road Ahead: Building a Stronger, More Competitive Banking Sector” panel.
Image 2 (L-R): Chidi Iwuchukwu, Executive Director, Rand Merchant Bank (RMB); Chike Obianwu; Dr Kenneth Opara, Executive Director, Lagos & South West, Fidelity Bank; Seun Timi-Koleolu, Founding Partner, Pavestones; Adetutu Oludare, Chief Financial Officer, Optimus Bank; Oseme Obaloje, Partner, KPMG Nigeria; and Bunmi Oladosu, CFO, Wema Bank.
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#BankingSector #BankRecapitalisation #FinancialServices #CorporateGovernance #FinancialRegulation #CapitalMarkets #Nigeria #FinancialSystem
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