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In exercise of the power of the Nigerian Upstream Petroleum Regulatory Commission (the "Commission") to review and approve commercial aspects of field development plans ("FDP") in upstream petroleum operations...

An intercompany loan is one which both the lender and the borrower are within the same group structure. The essence of an intercompany loan in most cases is to move cash to a business unit...

President Muhammad Buhari signed the Finance Act 2020 ("the Act'') into law on 31st December 2020.

In April 2025, the Nigerian Securities and Exchange Commission ("SEC") introduced material amendments to its private equity regulations.

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.

It is estimated that the country will require over $3 billion annually for the next 30 years to effectively close this gap and meet development goals.

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.

In a bid to further tighten the nuts and bolts of data protection in Nigeria, the Nigeria Data Protection Commission (the "Commission") published on May 31, 2024...

In today's world, the commonly used phrase "the world is your oyster" can now be taken literally by businesses. With the use of technology and data analytics, companies can now reach ...

Nigeria's technology economy has long operated with a structural contradiction: businesses built and run from Nigeria are often incorporated offshore. Itana, Nigeria's first licensed digital free zone, aims to resolve this by adapting the country's free-zone framework to accommodate technology, finance and service businesses that don't require significant physical infrastructure.

Nigeria's tax landscape has undergone a fundamental transformation with the Nigeria Tax Act 2025, which eliminates decades-old tax exemptions on interest payments for foreign loans that previously made the country attractive for international financing.

The Finance Act of 2020 (the Act) reviews and amends several tax legislations.

In our Series 3 of these updates (LINK), we had looked at the Securities and Exchange Commission's ("SEC") requirements in relation to Digital Assets Custodians. In this current series,...

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.

Over the years virtual digital assets, commonly referred to as cryptocurrencies, have become ubiquitous prompting the authorities to grapple with a suitable form of regulation or supervision.

The chain reaction and disruption by the COVID-19 pandemic is not restricted to mankind but to Governments, regulation, contracts and businesses (including law firms and service-based business).

Cooperative societies are a useful tool for promoting economic growth, improving social welfare, and fostering community development. It creates an avenue for groups of people brought together by a common interest...