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Introduction It is important for founders or promoters of business to understand their rights and obligations in relation to their proposed business, particularly under shareholders’ agreements, joint venture agreements, memorandum of understanding and other pre-incorporation contracts. Pre-incorporation contracts are any agreements entered into by proposed …

The Federal Government of Nigeria is making a groundbreaking move to transform the Nigeria’s financial landscape by announcing the implementation of a unified credit system that links individuals’ credit scores to their National Identification Numbers (“NIN”). Led by the Nigerian Consumer Credit Corporation (“CREDICORP”), this …

1. SEC Discontinues Rotation of Directors within Group of Companies The Securities and Exchange Commission (“SEC” or “Commission”) is empowered by Section 355(1)(r)(iv) of the Investments and Securities Act (ISA) 2025 to prescribe corporate governance standards for regulated entities. The section provides as follows: 355 …

A sports betting company seeking to operate online in Lagos would be required to obtain operational permit from the Lagos State Lottery and Gaming Authority (“LSLGA”). The process of obtaining the LSLGA’s sports betting permit entails the submission of the following requirements: i. Application letter …

The Lagos State Government has stepped up its game on the licensing and regulation of lottery and gaming activities within its territory following the recent Supreme Court’s decision in Attorney-General of Lagos v. Attorney-General of the Federation & Ors. (2025) 5 NWLR (Pt. 1984) 43, …

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The Supreme Court of Nigeria is the last hope of the common man, the final stage of dispute resolution and a court whose decisions cannot be review except by legislative amendments. The Supreme Court, as the apex court in Nigeria, has limited original jurisdiction but …

Football is the most popular sport in Nigeria, boasting a massive fan base that spans all demographics. As one of the most profitable sports in the world, football allows professional players to earn substantial incomes. The Nigerian football market is expanding, with increasing interest in …

Nigeria’s economy relies heavily on imports and has significant growth potential, necessitating a renewed emphasis on infrastructural development. Due to the extensive nature of the maritime sector, both local and foreign operators need to coordinate their efforts and resources to engage with the government in …

Introduction Mergers are a critical tool for corporate restructuring and business growth. In Nigeria, the merger process is regulated by a robust legal framework designed to ensure compliance with competition laws, protect consumer interests and promote economic efficiency. Below is an in-depth explanation of the …