BUSINESS LAW

OAKE Legal is pleased to have supported LH TelecommunicationLimited on its acquisition of a controlling interest in Emerging MarketsTelecommunication Services Limited (9mobile). The transactionhas received the approvals of the Nigerian Communications Commissionand the Federal Competition and Consumer Protection Commissionas required by law. We congratulate the parties for achieving this feat and wish the newmanagement and […]

Gains from disposal of shares are now subject to Capital Gains Tax in Nigeria. Capital Gains Tax (“CGT”) is a tax charged on the disposal of chargeable assets.