Nigeria: Corporate and Company Law

The Nigeria Revenue Service (NRS) has announced that 31 July 2026 is the deadline for all large taxpayers (companies with an annual turnover of ₦5 billion and above) to comply with the National E-Invoicing and Electronic Fiscal System (EFS), also known as the Merchant Buyer Solution (MBS)

On July 15, 2026, the Corporate Affairs Commission (the “Commission”) issued a Circular announcing the commencement of another nationwide exercise to strike-off inactive and non-compliant companies from the Register of Companies pursuant to Section 692 (3) & (4) of the Companies and Allied Matters Act, 2020 (“CAMA”).

The Corporate Affairs Commission has announced it will begin enforcing long-standing but rarely applied provisions of Nigeria's Companies and Allied Matters Act 2020 requiring specific information on company business documents. Starting August 1, 2026, companies must ensure their letterheads, invoices, and other commercial materials display directors' particulars and registration details, or face escalating penalties.

Startup financing in Nigeria continues to evolve as the country remains one of Africa's four major startup markets, yet early-stage fundraising presents persistent challenges around valuation, particularly for companies without established revenue or market comparables. This analysis examines how hybrid instruments like SAFEs can address the practical and legal complexities founders face when raising capital before achieving operational maturity.

Udo Udoma & Belo-Osagie (UUBO) demonstrates how strategic pro bono legal services can drive meaningful social impact across Nigeria and beyond. Through partnerships with global organizations and focused initiatives spanning healthcare advocacy, corporate governance support, and access to justice, the firm leverages its legal expertise to strengthen institutions and advance sustainable development aligned with UN SDGs.

Nigeria's Constitution grants the National Assembly investigative powers to support lawmaking and expose corruption, but recent cases reveal legislative committees increasingly overstepping...

Nigerian startups face intense competition for senior talent in a globalised market where cash compensation alone often falls short. Employee Share Schemes offer a strategic solution to attract and retain key professionals while conserving...

On 1 May 2026, the Federal Executive Council (“FEC”) approved the establishment of a national aircraft leasing company in Nigeria through a private-sector special purpose...

When searching for legal representation in Nigeria, which firms truly deliver results when your business, rights, or reputation are at stake?