On September 14, 2020, the Securities and Exchange Commission ("SEC") released a statement announcing its authority to regulate cryptocurrencies and digital assets in Nigeria, as detailed in our article...

Commercial Papers ("CPs") have become a necessity for corporations in Nigeria when they experience scarcity of affordable working capital.

Capital is the lifeblood of every corporate organization. Every company needs capital to run its operations and achieve its corporate goals efficiently.

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, recently disclosed that ₦66 billion was recovered from stamp duties between January and May 2020.

Nigeria's Presidential Executive Order on Virtual Assets Coordination, 2026 introduces a coordinated regulatory framework for digital assets, establishing a Virtual Asset Council to strengthen cooperation among existing authorities while preserving their statutory mandates.

On 24 September 2019, the Tax Appeal Tribunal ("TAT" or "the Tribunal"), sitting in Lagos, upheld the imposition of excess dividend tax under Section 19 of the Companies Income Tax (CIT)...

In April 2021, the Nigerian Securities and Exchange Commission ("SEC") issued a directive prohibiting unregistered Financial Technology ("Fintech") companies from offering, selling or dealing...

Imagine two powerhouse companies joining forces to dominate the market, streamline operations, and catapult their revenues to new heights. That's one of the benefits of mergers and acquisitions (M&A)...

On 19 December 2020, the Securities Exchange Commission, Nigeria ("SEC") published a statement, informing the public that the Investments and Securities Tribunal, ("IST")...

A survey carried out by the African Private Equity and Venture Capital Association (AVCA) in 2018 indicates that Private Equity and Venture Capital (PE) activity in Africa has been increasingly consistent

Nigeria has experienced a significant increase in Ponzi schemes and related investment activities, which often exploit vulnerable segments...

Winding-up actions are sui generis proceedings governed by their own specialised set of rules known as the Companies Winding-Up Rules 2001 ("the Winding-Up Rules") as well as some provisions of the Companies...

Banwo & Ighodalo is proud to yet again, be the sole Nigerian contributor to the Chambers & Partners FinTech Global Practice Guide (the "FinTech 2021 Guide").

In January 2021, the Securities Exchange Commission governed by the Investment and Securities Act, 2007 (as amended) released the "Crowdfunding Rules" or the "Rules" for the regulation of unregulated crowdfunding activities in Nigeria.

On June 19, 2025, the Securities and Exchange Commission (SEC) issued the Circular to All Public Companies and Capital Market Operators on the Transmutation of Independent Non-Executive Directors...

Nigeria's venture capital (VC) sector has evolved from an informal, relationship-based market into a structured ecosystem shaped by various laws and regulatory requirements including regulations provided...

On December 3, 2024, the National Pension Commission ("PenCom"), in a circular referenced "PenCom/TECH/ISD/2024/403"...

Nigeria's National Pension Commission has extended regulatory forbearance allowing Pension Fund Administrators to invest in securities issued by parent companies of their Pension Fund Custodians. This carefully calibrated relaxation of related-party investment constraints creates new opportunities while maintaining strict governance requirements and exposure limits to protect retirement savings.

The first era of Nigerian fintech rewarded speed. Companies that could process payments faster, designed cleaner interfaces, and deliver smoother onboarding captured users and attracted capital.

With the enactment of the Investment and Securities Act 2025, virtual assets/digital assets including cryptocurrencies, Non-Fungible Tokens, etc. can now be legally traded and transacted in Nigeria subject to satisfying applicable legal requirements.