Nigeria: Directors and Officers

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 set a firm deadline for Nigerian companies to comply with mandatory disclosure requirements on all business correspondence. With enforcement beginning in August 2026, businesses must ensure their letters, invoices, and official documents display specific company information or face daily penalties and potential director liability.

The Corporate Affairs Commission (CAC) has issued a critical compliance directive requiring all Nigerian companies to include specific statutory disclosures on their business correspondence starting August 1, 2026.

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

Cross-border restructuring often involves complex legal and regulatory requirements that can affect the timing, cost, and overall success of a transaction.

The Corporate Affairs Commission (the "CAC") has issued a new schedule of fees (the "Revised Schedule"), superseding the previous regime that governed the cost of incorporation...

Our General Corporate Advisory and Tax teams authored the Nigerian chapter of the guide, which provides a high-level overview of Nigeria's legal and regulatory framework for doing business.

Compliance with corporate regulations is a fundamental aspect of operating a business legally and efficiently in Nigeria. Among these regulations, the requirement to file annual returns...