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While it is uncertain whether the CAC will appeal this decision, it remains the authoritative interpretation of CAMA 2020 regarding sole shareholding for private companies...

In Volume 1 of this Series, we discussed the concept of corporate reorganisations, a redesigning process that changes the ownership structure of a company to increase its long-term profitability.

Various business regulatory agencies regulate the activities of companies in Nigeria.

The share capital of a company plays a vital role in the capital structure of the company and is a key element of companies' equity investment which determines ownership and control.

In today's digital workplace, it is common for employers to provide employees with laptops and other electronic devices to facilitate the performance of their duties. Questions often arise, however, where an employee resigns unexpectedly, is suspended pending investigation, or is suspected of misconduct.

The market landscape has undergone significant transformations, with heightened expectations from both consumers and employees towards corporate entities.

Before investing in any Nigerian company, whether through a share acquisition, a joint venture, or a full takeover, it is essential to conduct thorough due diligence. Nigeria is a vibrant and fast-growing market...

In our previous newsletter, we analyzed the Central Bank of Nigeria ("CBN") categorization of the Fintech licenses into four categories based on CBN circular dated December 9, 2020...

Funding is a critical phase in the growth and sustainability of any startup, especially for those that have achieved post-revenue or money-generating status. While securing funding can be a significant milestone...

Companies looking to raise finance from diversified sources for either working capital may do so by issuing equity or debt securities. Debt securities are financial instruments representing a debt...

In the first part of this article, we discussed the classification of startups in Nigeria, providing insights into the criteria and benefits of attaining startup status under the Nigeria Start Up Act, 2022.

A partnership is a legally binding agreement between two or more persons with the intention to manage and operate a business and share profits.

There are various requirements for opening a business bank account in Nigeria. To be able to own a business account, the business must be firstly registered in accordance with the Companies...

Time moves fast and Yes, it's Thursday. Like we indicated in our last newsletter, we have an amazing round up of compliance news across the continent, and an interactive map that highlights estimated businesses registration timeline.

Prior to the Companies and Allied Matters Act, 2020 ("CAMA 2020"), at least two members were required to incorporate a company.

In our previous article, we identified the various stages commonly adopted by Startups in raising funds. Each funding round would typically involve the issuance of shares by the Startup to investors...

Board succession planning rarely commands the same attention as CEO succession. It does not trigger headlines, activist campaigns, or emergency announcements – until something goes wrong. Yet time and again, moments of corporate stress reveal an uncomfortable truth: business continuity is deeply dependent on whether the Board itself is prepared for change.