A Nigerian tech start-up was preparing to close a Series A funding round with a venture capital investor, who had provided successive Term Sheets for review. Unfortunately, the founders only engaged legal counsel after signing the Term Sheet and after receiving drafts of the definitive documentation...

Nigeria's House of Representatives has passed the Petroleum Industry Governance Bill (PIGB).

The NOGICDA, enacted in 2010, governs the administration and enforcement of Nigerian content in the Nigerian oil and gas industry.

With the increasing number of start-up companies in Nigeria over the past five years and inadvertently, foreign direct investment, fundraising has become a familiar phenomenon in Nigeria.

In the course of business, it is inevitable that disputes will arise occasionally among business associates.

Dividend is the payment received by a shareholder from a company after distribution of profits.

The client/investor had entered into a Share Purchase Agreement ("SPA") to acquire a minority stake in a technology company. The SPA included a Material Adverse Change (MAC) clause, which allowed the investor...

On Tuesday, December 6, 2023, The Corporate Affairs Commission (the "Commission" or "CAC") released a public notice on the minimum paid-up capital for Nigerian companies with Foreign Participation (the "Public Notice").

Any business owner who intends to operate a money lending business in Oyo State, Nigeria must obtain the money lending license of the state. The grant, refusal and revocation of money lender's...

Businesses seeking to raise capital have a choice between equity or debt financing.

The Corporate Affairs Commission has set a firm deadline for Nigerian companies to comply with mandatory disclosure requirements on all business correspondence. With enforcement beginning in August 2026, businesses must ensure their letters, invoices, and official documents display specific company information or face daily penalties and potential director liability.

The Federal Ministry of Interior has issued a notice to all companies that effective from December 2023, a penalty fee will be implemented for late filing of Expatriate Quota Monthly Returns.

The client is a technology startup, founded by three co-founders.Each co-founder held an equal share of the company (33.33%) and initially agreed informally on their roles and responsibilities.

Nigeria's financial system is skewed towards short-term financing, making it difficult to obtain long-term funds for project and infrastructural development. Infrastructure includes...

In a bid to align the Nigerian financial market with global standards and strengthen the efficiency of its financial market infrastructure, the Central Bank of Nigeria (CBN), in collaboration...

Major sporting events like the FIFA World Cup, the Olympics, and the Super Bowl attract billions of viewers and bring people together across cultures.

The Nigeria Data Protection Act 2023 ("NDP Act") seeks to safeguard the fundamental rights, freedoms, and interests of data subjects as enshrined under the Constitution of the Federal Republic of Nigeria.

Nigeria's Revenue Service has initiated compliance monitoring for large taxpayers as part of the National E-invoicing and Electronic Fiscal System implementation. This development marks a significant step in the country's tax administration modernization efforts, requiring affected businesses to ensure their systems and processes align with the new electronic invoicing requirements.

One notable highlight under the New Tax Act is the introduction of Controlled Foreign Company (CFC) rules, which are designed to prevent Nigerian companies...

On 1 May 2026, the Federal Executive Council (“FEC”) approved the establishment of a national aircraft leasing company in Nigeria through a private-sector special purpose...