Nigeria: Corporate and Company Law

The Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026 (the "Order") establishes a production-linked tax remission framework for qualifying deep offshore oil and gas developments in Nigeria.

When a person dies in Nigeria, their assets and liabilities require proper legal administration before distribution to rightful beneficiaries. This comprehensive guide examines the legal framework governing estate administration, distinguishing between Probate and Letters of Administration, and addressing the procedural requirements, common challenges, and practical considerations that executors, administrators, and beneficiaries must navigate when managing deceased estates under Nigerian law.

A Lagos off-plan property development appeared ready for market with printed brochures, active construction, and growing media attention. However, when a prospective buyer's lawyer reviewed the title documents, fundamental legal issues emerged that the developer had never anticipated, ultimately costing them the sale and revealing how inadequate legal foundations can undermine even the most promising real estate projects.

In 2017, a discovery in Nigeria's North-East unsettled the country: relief materials meant for families displaced by conflict had allegedly been diverted and were turning up for sale in open markets. It was a blunt reminder that generosity, on its own, guarantees nothing. Comparable concerns — that charitable platforms can be exploited for illicit financing, including terrorist financing — have surfaced both in Nigeria and across the world.

Nigeria has taken another significant step towards bringing virtual assets, cryptocurrency businesses and blockchain-enabled financial services within a more coordinated regulatory framework. President Bola Ahmed Tinubu's Presidential Executive Order on Virtual Assets Coordination, 2026 should not be viewed as another attempt to prohibit digital assets. Nor does it replace the existing powers of the Central Bank of Nigeria, the Securities and Exchange Commission (SEC), the Nigeria Revenue Service or other relevant agencies.

This article examines the legal framework governing the sanctioning of directors and other corporate officers in Nigeria and the United Kingdom. It explores the regulatory mechanisms, enforcement procedures, and comparative approaches used to hold company leadership accountable for misconduct or breach of duties. The analysis provides insights into how both jurisdictions balance corporate governance with director protection.

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

The CBN's recent circular introducing market structure restrictions within the payments ecosystem may represent one of the most significant regulatory interventions in the sector in recent years. While the circular also introduces data localisation and ultimate beneficial ownership disclosure requirements, among its most consequential features are the provisions restricting the extent to which a participant with significant market share in consumer issuing activities.

The issuance of the General Transition Guidelines for the Tax Acts 2025 provides long-awaited clarity on one of the most significant tax reforms in Nigeria's recent history. This Client Alert examines the practical implications for businesses navigating the transition to the new tax regime, including treatment of accounting periods, transaction taxes, ongoing contracts, tax incentives, disputes, and compliance obligations.