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There are multiple regulatory agencies in Nigeria operating on the framework of various laws and practices, with administrative authorities constituted at different levels to enforce compliance.

By the provision of the Companies and Allied Matters Act 2020, a single person can be the sole shareholder, director, and promoter of a company in Nigeria.

The Companies and Allied Matters Act 2020 ("CAMA 2020" or the "Act") was signed into law and gazetted with a commencement date of 7 August 2020

Congratulations! Your start-up is taking off, and you want to expand it by raising money. Regardless of the option of funding chosen, raising capital can be quite a tedious process...

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 Securities and Exchange Commission recently announced a deadline of Wednesday, 30 June 2021 for compliance with the SEC Crowdfunding Rules.

The Bill allows an individual to set up a company unlike the current situation which requires involvement of two or more people.

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...

Recent reports by the Securities and Exchange Commission show that there has been an increase in the total net asset value of CIS in Nigeria, from N782.64 billion in May 2019, to N1.322 trillion in May 2020.

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.