On 8th April, 2021, the Securities and Exchange Commission ("SEC" or the "Commission") issued a Notice informing the investing public of the existence and rapid expansion of unauthorized investment...

There are different structures of venture capital funding and the structure to be adopted depends on industry and stage in the life of the entity at which the equity is injected.

In December 2011, the Federal Government (FG) issued the Companies Income Tax (CIT) (Exemption of Bonds and Short-Term Government Securities) Order, 2011 and Value Added Tax...

The Federal Inland Revenue Services (FIRS) has issued a circular on the tax implications of regulated securities lending (RSL) transactions in Nigeria

The Nigeria Revenue Service (NRS) has announced that 31 July 2026 is the deadline for all large taxpayers (companies with an annual turnover of ₦5 billion and above) to comply with the National E-Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS)

The Securities and Exchange Commission (SEC), on 1st July 2025, issued a Guidance Note to its Circular of 19th June 2025, on the Transmutation of Independent Non-Executive Directors and Tenure of Directors ("Circular").

Nigeria's capital market has transitioned to a T+1 settlement cycle, reducing the time between trade execution and settlement to one business day. This reform addresses counterparty risk, liquidity constraints and operational inefficiencies that persisted under the previous T+3 and T+2 frameworks, fundamentally reshaping expectations for brokers, custodians and institutional investors.

The Global Transaction Forecast (Report) issued by Baker Mckenzie and Oxford Economics predicts that merger and acquisition (M & A) transactions in Nigeria will continue to rise.

An independent director is a non-executive director with no material or pecuniary connection to the Company, other than approved directors' remuneration and sitting fees.

The decision to operate a unit trust scheme or invest in one should not be made without a good understanding of the tax implications.

The Nigeria Securities and Exchange Commission ("SEC") by a press release issued on August 29 2024, announced that it has granted two Digital Asset Exchanges its "Approval and Principle"...

As the global economy transitions from a dependence on natural resources, and the focus shifts towards innovation in the provision of services, some of the most valuable companies today are privately owned Fintech companies ...

Prior to 2019, the Securities and Exchange Commission ("SEC") was the primary body responsible for mergers, acquisitions and take-overs of public and private companies in Nigeria.

In matters involving debt recovery, the primary consideration for the creditor is recovery of the amount owed or judgment debt. Most creditors are keen to know the options that guarantee...

It's a new dawn for crypto assets dealers as the Nigerian Securities and Exchange Commission on Monday 14th August 2020, published a statement on digital assets, their categorisation and treatment.

In the Nigerian capital market, adherence to securities laws and regulations is essential for preserving investor trust, market integrity, and the smooth operation of the financial system.

Asset management companies are integral components of Nigeria's investment ecosystem. They invest pooled funds of capital on behalf of their clients and develop the capital through diverse investments in various asset...

The challenges associated with obtaining debt finance for a Mining Company in Nigeria is enormous. This is reasonably so because the challenges of the sector have over the years developed the

On May 7, 2024, the Securities and Exchange and Commission ("SEC") issued the "Exposure of Proposed New Rules for the Issuance and Allotment of Securities...

As of June, 2022, there have been a few regulatory developments relevant to the tech space in Nigeria. We have set out below 7 notable developments to guide tech companies doing or intending to do business in Nigeria.