On 17th March 2023, the President of the Federal Republic of Nigeria, Muhammadu Buhari, (the "President") signed into law 16...

On 7th August 2020, the President of the Federal Republic of Nigeria, Muhammadu Buhari GCFR, assented to the Companies and Allied Matters Act, 2020 which repealed and replaced the Companies and Allied Matters Act, ...

In 2019, the Financial Reporting Council of Nigeria ("FRCN") transformed the corporate governance landscape in Nigeria with the introduction of the Nigerian Code of Corporate Governance 2018 ("NCCG").

Private equity, venture capital, and private credit markets in Nigeria are evolving rapidly, with disclosed deal values surging 84% to US$810.7 million in 2025. While venture capital dominates transaction volume and value, private debt is expanding its role in working capital, acquisition finance, and infrastructure. The critical question is not whether capital can enter Nigeria at scale, but whether it can stay, perform through cycles, and ultimately return to investors as distributions.

It is now possible to have single shareholder/single director companies. This is available to small companies

Nigeria's power sector sees significant regulatory updates as NERC issues the Mini-Grid Regulations 2026, establishing comprehensive frameworks for capacity thresholds, tariff design, grid arrival protocols, and exclusivity arrangements. Concurrently, new transmission loss reporting requirements aim to enhance grid transparency and operational efficiency across regional networks.

The Securities and Exchange Commission ("SEC") recently released the Rules on the Issuance and Allotment of Private Companies' Securities (the "Rules").

Nigeria's tax landscape has undergone a fundamental shift with the enactment of the Nigeria Tax Act, 2025, which consolidates the country's core federal tax laws into a single unified framework. This reform introduces significant changes to how mergers and acquisitions are structured, priced, and executed, including the integration of capital gains into the income tax regime, revised exemptions for share disposals, and the introduction of taxation for indirect transfers.

The Securities and Exchange Commission ("SEC") recently released the Rules on the Issuance and Allotment of Private Companies' Securities (the "Rules").

The statutory basis of the 6th August 2026 executive order, what it replaces, what it preserves, where discretion still sits, and why it matters to investors, lenders, and project sponsors.

This update highlights recent regulatory and market developments in Nigeria's power sector, including Lagos State's ongoing transition towards a cost-reflective electricity market and the key implications for electricity sector participants.

Data breaches are now a regular occurrence in the modern data-driven and digital global economy that the world has now become. A number of organisations have suffered data breaches...

The UUBO Tax Trends is a bi-annual newsletter that provides an overview of significant events in the Nigerian tax landscape. This edition offers insights on domestic and international tax developments that impacted taxpayers from January to June 2023.

Nigeria's power sector sees significant regulatory developments as NERC issues new guidelines for technical audits of transmission infrastructure, publishes a directory of State Electricity Regulatory Commissions to support the transition to state-level regulation, and the Minister of Power establishes an inter-agency committee to facilitate electricity market decentralisation under the Electricity Act 2023.

Nigeria's electricity sector is undergoing significant transformation as Lagos State moves toward a cost-reflective market and NERC introduces enhanced safety and metering regulations. These developments signal a shift toward greater state autonomy in electricity regulation, stricter compliance requirements, and improved consumer protection across the power value chain.

This update provides an overview of recent key regulatory and market developments in Nigeria's power sector. Recent developments include continued legislative activity on the Electricity Act (Amendment)...

The Nigerian data protection landscape is currently experiencing an increase in regulatory enforcement actions by the Nigerian Data Protection Commission (‘'NDPC'').

Unlocking Nigeria's hydrocarbon potential: insights into the upcoming 2024 and reopened 2022 Nigerian oil licensing rounds.

Nigeria's power sector experienced significant regulatory and industry developments in August 2026, including NERC's intervention in Kaduna Electricity Distribution Plc, the transfer of regulatory oversight to state commissions, and the launch of a Renewable Asset Management Company. These developments demonstrate the continuing implementation of Nigeria's decentralised electricity market framework and increased regulatory intervention in distressed distribution businesses.

In an effort to increase revenue, especially from non-oil sectors, the Federal Government of Nigeria has recently implemented a series of fiscal reforms.