Nigeria: Compliance

For many companies, the Memorandum and Articles of Association is drafted at incorporation and rarely revisited. Yet under the Companies and Allied Matters Act 2020, it remains the backbone of a company's identity, governance, and operations.

A holding company remains one of the most efficient structures for investors—local or foreign—who want to centralise ownership, streamline governance, and manage multiple businesses under a single entity.

On 29 July 2025, President Bola Ahmed Tinubu signed into law the Nigeria Insurance Industry Reform Act 2025 (‘NIIRA' or ‘New Act'), a legislation aimed at transforming the Nigerian insurance sector.

Almost three years after The Start-up Act, was signed into law in Nigeria, the jury is still out as to whether or not it has made any difference at enhancing the development and growth of the Nigerian Startup sector and encouraged innovation and entrepreneurship for startups.

At the October 2025 plenary meeting of the Financial Action Task Force ("FATF") in Paris, Nigeria, alongside South Africa, Mozambique and Burkina Faso, was officially removed...

The Securities and Exchange Commission (SEC) announced the Accelerated Regulatory Incubation Programme (ARIP) Framework on June 21, 2024, aiming to improve compliance with regulations and expedite the onboarding process for Virtual Assets Service Providers (VASPs) and Digital Investments Service Providers.

In July 2025, Stren & Blan Partners hosted a webinar on "Evolving Global Investigations Landscape: Risk Management and Response Strategies for International Businesses in Africa."

Nigeria's corporate landscape is experiencing a fundamental shift, marked by the formal adoption of virtual general meetings (VGMs) for public companies.

Over the years, the Point of Sale (POS) business has gained significant traction in Nigeria, especially following the 2023 Naira redesign and currency swap initiative.