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.

Interesting times are ahead for the Nigerian fiscal landscape. With exchange rates now fairly stable at around US$1/NGN1500 and oil production levels stabilising around 1.6 million barrels of oil per day...

Nigeria's fintech sector has entered a critical phase of regulatory maturation. Regulatory activities in Nigeria's financial technology ("Fintech")...

Nigeria's tax landscape has transformed with the Nigeria Tax Act 2025 and Nigeria Tax Administration Act 2025, introducing a comprehensive framework for collective investment schemes. These reforms consolidate previously fragmented tax provisions, exempt dividends from authorised CISs, and create greater certainty for fund managers, trustees, and investors in Nigeria's capital markets.

On 22nd May, 2024, the Central Bank of Nigeria ("CBN") issued new Guidelines for Bureaux de Change Operations in Nigeria 2024 (the "New Guidelines") to regulate Bureaux de Change operators ("BDCs").

The rapid advancement of digital technology is revolutionising various sectors globally, and healthcare is no exception.

Following the coming into effect of the Deduction of Tax at Source (Withholding) Regulations 2024 (the "Withholding Tax Regulations") on 1st January, 2025, there have been questions about the continued relevance.

This update highlights recent regulatory and market developments in Nigeria's power sector, including the proposed establishment of the Grid Asset Management Company Limited...

If you read our publication of 1st July 2025, we mentioned that the tax reform bills had become law following receipt of presidential assent on 26th June, 2025.

Nigeria and South Africa represent two of Africa's most significant energy markets, yet their potential for cross-border energy investment remains largely untapped. This article examines the legal and regulatory frameworks governing energy investments in both jurisdictions, exploring opportunities and challenges in fostering deeper collaboration to create a more integrated and investment-friendly African energy market.

Nigeria’s tax landscape has undergone a fundamental shift with the enactment of the Nigeria Tax Act, 2025 (“NTA”), which took effect on 1st January, 2026. For the first time, the country’s core federal tax laws have been consolidated into a single and unified framework. For dealmakers, this is more than a legislative clean-up; it also changes how transactions are structured, priced, and executed.

In 2024, the Nigerian banking and finance sector experienced significant regulatory changes driven by the Central Bank of Nigeria ("CBN").

The increasing globalisation of the world's economy and the demand and supply of capital have impacted how businesses operate in today's market to leverage and unlock the use of scarce resources.

The Guidelines also apply to public institutions that have access to personal data for statutory or administrative purposes.

The Nigerian fiscal landscape has witnessed interesting trends and developments in recent times. One key development is the proposed overhaul of Nigeria's fiscal regime.

The Companies and Allied Matters Act 2020 was signed into law by President Muhammadu Buhari on 7th August 2020.

This chapter critically examines three recent decisions of the appellate courts in Nigeria.

The Petroleum Industry Act 2021 separated upstream regulation from midstream and downstream regulation, but how does that separation apply to pipeline infrastructure that sits between production, transportation, processing and export? This analysis examines the statutory basis of pipeline licensing after Executive Order No. 9 of 2026, how jurisdiction is allocated between the NUPRC and the NMDPRA, and what this means for operators, lenders and project sponsors.

Nigeria's power sector advances with new Net Billing Regulations 2026 enabling distributed renewable energy integration, while NERC mandates special compensation for Band A customers affected by grid generation constraints. These developments strengthen regulatory oversight, enhance consumer protection, and facilitate the structured expansion of distributed energy resources within the Nigerian Electricity Supply Industry.