Nigeria: Corporate/Commercial Law

Nigeria has emerged as a leading destination for private equity and venture capital in Africa, with $3 billion invested across 404 transactions between 2020 and 2024. The newly enacted Investments and Securities Act 2025 introduces comprehensive regulatory oversight for PE and VC funds, bringing enhanced investor protection, stricter compliance requirements, and clearer operational frameworks to this rapidly evolving market.

In a unanimous decision handed down on June 10, 2026, the Court of Appeal affirmed the judgment of the Federal High Court that Section 18(2) of the Companies and Allied Matters Act, 2020, as amended (“CAMA 2020”)...

Nigeria's 2026 tax reforms introduce transformative changes affecting businesses and individuals, from expanded deductions and VAT exemptions to fundamental rights protections. These comprehensive legal updates reshape corporate governance, contract renegotiation strategies, and compliance requirements across multiple sectors.

Nigeria's consumer protection landscape has undergone a fundamental transformation with the Federal Competition and Consumer Protection Act 2018, granting the FCCPC unprecedented investigative and enforcement powers.

The classification of workers as either independent contractors or employees is one of the most consequential legal determinations a foreign company operating in Nigeria must make.

The Central Bank of Nigeria's Fourth Edition of the Foreign Exchange Manual introduces sweeping changes to currency and trade regulations, raising import payment thresholds, increasing tuition remittance limits...

Nigeria has emerged as a leading destination for private equity and venture capital in Africa, with $3 billion invested across 404 transactions between 2020 and 2024. The newly enacted Investments and Securities Act 2025 introduces comprehensive regulatory oversight for PE and VC funds, bringing enhanced investor protection, stricter compliance requirements, and clearer operational frameworks to this rapidly evolving market.

In Nigeria's dynamic startup ecosystem, founders face a critical decision when raising capital: should they pursue debt financing with its immediate tax benefits through deductible interest expenses, or opt for equity financing that offers long-term investor incentives like capital gains tax exemptions and investment tax credits? This analysis examines how tax implications influence capital structure decisions for Nigerian startups at different growth stages.

The taxation of capital gains has historically played a modest but strategically important role within Nigeria's fiscal architecture. Under the pre-existing regime, the Capital Gains Tax (CGT) framework was governed primarily by the Capital Gains Tax Act (CGTA), which imposed tax on gains arising from the disposal of chargeable assets

A startup founder built a logistics platform over two years, only to discover that a single overlooked contract clause had transferred ownership and control to an investor.

In Nigerian companies, majority shareholders often dominate decision-making, leaving minority shareholders vulnerable to exclusion and unfair treatment.

Nigeria has emerged as a critical hub for venture capital and corporate expansion in Sub-Saharan Africa, yet success hinges on understanding the complex regulatory framework introduced by CAMA 2020...