Category: Corporate Law

Introduction In a significant policy shift that is set to reshape Nigeria’s financial services landscape, financial institutions and payment ecosystem participants have been directed by the Central Bank of Nigeria (“CBN”) to ensure that all payment transaction data generated within Nigeria are stored and managed …

Nigeria’s expanding population and growing awareness of financial and asset protection have created significant opportunities in the insurance sector. The insurance industry plays a vital role in Nigeria’s economy by providing financial protection against unforeseen risks and promoting confidence in commercial and personal transactions. Launching …

Filing annual returns is a mandatory requirement of the Corporate Affairs Commission (“CAC”) as it remains the only means by which the CAC remains informed about the status of the operational activity of a company in Nigeria. The CAC has made compliance with filing requirements …

The importance of corporate governance cannot be overemphasized. Corporate governance plays the role of preserving corporate assets, promoting accountability and ensuring that those entrusted with management powers do not exploit their position for personal benefit. Directors control the company’s affairs. They influence financial decisions and …

Nigeria’s payment sector has witnessed significant growth over the past decade. Driven by financial inclusion, the sector has experienced rapid technological innovations. As payments solutions expands, payment solutions companies must navigate a complex regulatory landscape and also maintain efficiency, security and consumer protection. The Central …

Licence renewal for Payment Service Providers (PSPs) and other Fintech companies is more than a routine regulatory requirement. It is a critical test of compliance, governance, and operational resilience. The Central Bank of Nigeria (CBN) uses the renewal process to assess the credibility and stability …

The Nigerian regulatory landscape continues to evolve rapidly. As the country deepens reforms across corporate governance, taxation, data protection, financial reporting, labour, and sector-specific licensing, businesses now face heightened regulatory scrutiny from regulators and more complex compliance burdens. Our prediction is that the enforcement climate …

The decision to wind up a company is a significant one, often marking the end of its corporate journey. In Nigeria, the winding up process is governed by the Companies and Allied Matters Act (CAMA) 2020, which provides a structured framework to ensure that a …

As Nigeria’s financial services landscape continues to evolve, regulatory compliance remains a cornerstone for sustainable operations. In line with this, moneylenders and digital lending platforms across the country are reminded of the mandatory annual renewal of their operational licences, a requirement that has become increasingly standardised across most states in Nigeria.  The …

The National Environmental Standards and Regulations Enforcement Agency (“NESREA”) is the federal body responsible for ensuring that companies carry out their operations cleanly in a way that does not harm the environment. Whether a company is running a small recycling company, a factory, or even …