The Finance Act 2020 amends section 18 of the Nigeria Export Processing Zones Act and the Oil and Gas Export Free Zone Act to require all entities ...

In an attempt to raise non oil revenue, the Central Bank of Nigeria has directed all banks to enforce collection of N50 stamp duty for receipted transactions including online transfers of N1,000 and above effective immediately.

This is an article written by Partner, Kolawole Mayomi and Associate, ‘Demilade Odutola, in contribution to the Q1 2021 Capital Markets Solicitors Association (CMSA) newsletter.

On 5 December 2023, the Nigerian Inter-Bank Settlement System (NIBSS) issued a notice directing all deposit money banks, merchant banks, payment service banks, microfinance banks

Nigerian banks have long prioritized land as collateral for lending, but this orthodoxy increasingly fails to serve businesses whose real value lies in receivables, inventory, and working capital cycles. As manufacturing, distribution, and logistics companies drive economic activity without substantial land holdings, the financial sector's rigid collateral requirements may be stifling growth in the very enterprises that power Nigeria's economy.

This will clearly signal increasing work for Law Firms engaged in this sector.

Startup financing in Nigeria continues to evolve as the country remains one of Africa's four major startup markets, yet early-stage fundraising presents persistent challenges around valuation, particularly for companies without established revenue or market comparables. This analysis examines how hybrid instruments like SAFEs can address the practical and legal complexities founders face when raising capital before achieving operational maturity.

Nigeria's financial landscape is experiencing a significant and transformative shift through the emergence and expansion of non-interest financial institutions and instruments.

In a bid to protect the general public when investing in crowdfunding platforms for underlying Micro, Small, & Medium Enterprises ("MSME"s), the SEC recently released a draft of the Proposed Rules on Crowdfunding (the "Rules").

The global spread of the novel corona virus ‘COVID-19' has shocked the global financial market and virtually crippled the world economy. As the spread of the virus continues seemingly unabated...

In the last decade, start-ups have emerged as key drivers of economic growth, job creation, and catalysts for radical innovation, with the technology startups spearheading this development.

The National Pension Commission (PenCom) has issued a public notice (the Notice) to inform the general public of the deployment of an Enhanced Contributor Registration System

We welcome you to the 3rd Quarter of 2022. There are few regulatory developments that have taken place within this quarter and are relevant to businesses and companies operating in the technology space.

Frank Mwiti, Partner and Eastern Africa Markets Leader at EY, joins us for the third year of our Africa Roundup interview series ...

As a Partner at PwC Nigeria, Esiri leads the Private Wealth Client Services team which provides specialised services to high-net worth families and entrepreneurs.

Before 2019, the Securities and Exchange Commission ("SEC"), was the principal regulator monitoring and administering regulatory control over mergers in Nigeria.

On 29th July, 2024, the Corporate Affairs Commission (the "CAC") exercising its authority under Section 8 (1) (e) of the Companies and Allied Matters Act (CAMA) 2020...

Certain designated businesses have industry prescribed minimum share capital in Nigeria.

The eNaira, which is the Nigerian digital currency issued and regulated by the Central Bank of Nigeria (CBN), recorded over 700000 downloads, just after 95 days of introduction, according to statistical data.