Africa: Corporate/Commercial Law

When DN Tyre & Rubber Plc and Greif Nigeria Plc were removed from the Nigerian Exchange Limited's Daily Official List, shareholders found their legally-owned shares suddenly untradeable.

In recent years, Nigeria’s Mergers and Acquisitions (“M&A”) landscape has witnessed notable growth, driven by increasing investor confidence, regulatory reforms, and the strategic consolidation of businesses across sectors such as banking, financial services, energy, telecommunications, healthcare, and technology.

On March 12, 2026, the Central Bank of Nigeria issued a directive barring commercial banks from providing new loans and specific banking services to “large-ticket obligors” who have defaulted on their existing loan obligations.

The Nigerian energy sector harbors a powerful yet invisible force: the Shadow Director. Operating beyond formal boardroom appointments, these figures wield massive influence over corporate decisions...

Board succession planning rarely commands the same attention as CEO succession. It does not trigger headlines, activist campaigns, or emergency announcements – until something goes wrong. Yet time and again, moments of corporate stress reveal an uncomfortable truth: business continuity is deeply dependent on whether the Board itself is prepared for change.

Nigeria's legal framework now places cybersecurity accountability directly on company boards and executives, with the Cybercrimes Act, Nigeria Data Protection Act 2023, and CAMA creating potential personal liability for directors where failures stem from inadequate oversight. This analysis examines how regulatory requirements converge to make cybersecurity a governance imperative rather than merely an IT concern. The publication explores practical steps boards must take to embed cybersecurity into risk mana

Nigeria’s startup ecosystem has established itself as one of the most dynamic in Africa. Despite global headwinds in venture capital markets, funding into African technology companies remained significant in 2024, with Partech reporting that US$3.2 billion was invested across the continent, much of it concentrated in Lagos, a city that now ranks among the leading global hubs for technology talent and entrepreneurial activity.

Nigeria's venture capital (VC) sector has evolved from an informal, relationship-based market into a structured ecosystem shaped by various laws and regulatory requirements including regulations provided...

On 16 January 2026, the Securities and Exchange Commission (SEC) issued Circular No. 26‑1, raising the minimum share capital for venture capital (VC) fund managers in Nigeria from ₦20 million to ₦200 million.

The Western Cape High Court's decision in Cash Crusaders Franchising (Pty) Ltd v Cash Crusaders Franchisees 2024 (4) SA 141 (WCC) marked a significant development in the evolving interpretation...

In our last Newsletter, we highlighted how licensing external tech can help you grow without losing focus on your core business objective. Now, let's flip the script, what if your IP could do the heavy lifting?

Oasis supplies bottled, filtered and purified water and other beverages in South Africa. It has been in operation for over twenty years and is the fourth...