In a recent decision of the Federal High Court delivered on 30th July 2024, the FHC held that a private company incorporated with two or more members pursuant to the provisions of the now repealed Companies and Allied Matters Act 1990 and prior to the enactment of the Companies and Allied Matters Act 2020...

Rising ocean levels, record-high temperature, rapid weather changes, rapid desertification and regular flooding have become the norm, globally, over the last few decades.

The global financial landscape is undergoing a transformative transition towards climate change mitigation and sustainable investment practices.

In order to protect the Nigerian environment and ecosystem from the ravages associated with climate change and to achieve the reduction of greenhouse gas emissions in Nigeria...

On 16 January 2026, the Securities and Exchange Commission ("SEC") issued Circular No. 26-1 (the "Circular"), introducing a revised and tiered framework for minimum capital requirements applicable to fund and portfolio...

Nigeria, home to the largest Muslim population in Africa, with Muslims comprising 53% of its total population, presents a compelling landscape for the growth of Islamic Finance.

In the exercise of his powers under the various income tax laws, the Minister of Finance and Coordinating Minister of the Economy (the "Minister") issued the Deduction of Tax at Source...

On 5 May 2025, the Federal High Court ("FHC") in Lagos handed down a decision that is potentially disruptive of Nigeria's tax landscape. The case, Federal Inland Revenue Service v. Check Point Software...

Nigeria's Supreme Court has definitively ruled that jack-up and semi-submersible drilling rigs do not constitute "vessels" under the Coastal and Inland Shipping (Cabotage) Act 2003...

In our Series 4 of these updates, we had looked at the Securities and Exchange Commission's ("SEC") requirements in relation to VASPs.

The use of Intellectual Property Rights in financial transactions is a more pertinent discourse today than ever before, particularly due to the explosion in the digital revolution and creative economy.

On 25 March 2026, the Central Bank of Nigeria ("CBN") issued a circular granting International Oil Companies ("IOCs") unfettered access to 100% of their export proceeds...

Mergers and Acquisitions (M&A) transactions in Nigeria - much like in other jurisdictions - involve complex negotiations and significant financial stakes.

In Nigeria's evolving tax landscape, uncertainty about the application of tax laws to specific transactions poses significant risks...

The enactment of the Investments and Securities Act 2025 ("ISA 2025") marks a significant milestone in the evolution of the regulatory framework for Nigeria's capital market.

The Finance Act 2019 was passed into law on 13th January 2020 and came into effect on the same date.

Nigeria's tax landscape is undergoing significant changes, driven by a combination of regulatory reforms, increased enforcement activities and evolving global tax standards.

Both the Nigeria Tax Act, 2025 and the Nigeria Tax Administration Act, 2025 (the "NTAA") became effective on 1st January, 2026.

Oil and gas remains a principal source of federally collected revenue in Nigeria. On 13 February 2026, President Bola Ahmed Tinubu signed the Presidential Executive Order to Safeguard Federation Oil...

Nigeria's Securities and Exchange Commission has introduced new capital adequacy rules for fund managers and private capital participants, establishing tiered minimum capital requirements based on assets under management. The guidelines clarify what constitutes qualifying capital, outline compliance pathways including cash injection and securities transfer, and set a June 2027 deadline for full implementation.