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63 legal articles
The Central Bank of Nigeria (CBN) licenses fintechs in distinct categories — Switching and Processing, Mobile Money Operator (MMO), Payment Solution Service Provider (PSSP), Payment Terminal Service Provider (PTSP), Super...
Legal Personality: Upgrading to a Private Limited Company (Ltd) creates a separate legal entity, protecting your personal assets from business liabilities. Cessation Requirement: You must formally file a "Notice of...
Upstream disputes in Nigeria sit where two statutes meet. The Arbitration and Mediation Act 2023 (AMA), signed into law on 26 May 2023, governs how the dispute is fought. The...
Only the High Court of a State (or the FCT High Court) can dissolve a statutory marriage in Nigeria. The Federal High Court has no matrimonial jurisdiction, and a customary...
You can sue in Nigeria if a product is unsafe, of poor quality, or does not match its description and this causes you loss, injury, or damage. The main legal...
Most international NGOs in Nigeria register as Incorporated Trustees under Part F of the Companies and Allied Matters Act (CAMA) 2020. Registration with the Special Control Unit against Money Laundering...
A Legal Guide Every Nigerian startup registered as a private limited company must have at least two directors under the Companies and Allied Matters Act (CAMA) 2020. Compliance with the...
CAMA 2020 Priority: The Companies and Allied Matters Act (CAMA) 2020 shifted Nigeria's insolvency framework from a "liquidate-first" approach to a "rescue-first" model. Moratorium Benefits: Corporate rescue tools like Administration...
Every business operating in Nigeria must register with the Corporate Affairs Commission (CAC) under the Companies and Allied Matters Act (CAMA 2020). A Private Limited Company (Ltd) is the usual...
Foreign investors must register their business with the Corporate Affairs Commission (CAC) and the Nigerian Investment Promotion Commission (NIPC) before commencing operations. The minimum issued share capital for any Nigerian...
Every Nigerian company must file an annual return with the Corporate Affairs Commission (CAC) to remain in "active" status. Small companies and startups with a single shareholder are now legally...
Pre-Action Requirement: A formal Letter of Demand is a mandatory prerequisite for most debt recovery litigation in Nigerian courts to demonstrate that the debtor was given a fair opportunity to...
The Central Bank of Nigeria (CBN) Regulatory Sandbox allows foreign fintechs to test innovative products for up to six months before obtaining full operational licenses. Foreign entities must either incorporate...
Strict adherence to the Corrupt Practices and Other Related Offences Act is mandatory for all foreign subsidiaries operating in Nigeria. Annual compliance filings with the Corporate Affairs Commission (CAC) are...
Navigating Commercial Arbitration in Nigeria's Emerging Tech Sector Nigeria's Arbitration and Mediation Act 2023 introduces progressive rules, including third-party funding and emergency arbitration, making it highly attractive for tech dispute...
Nigeria Data Protection Act FAQ: Compliance for Multinational Tech Firms The Nigeria Data Protection Act (NDPA) 2023 applies to any multinational tech firm processing the personal data of individuals residing...
Drafting Enforceable Cross-Border Vendor Agreements in Nigeria Choosing international arbitration over domestic litigation is critical for protecting foreign business interests from procedural delays in Nigerian courts. Explicit governing law and...
Speed to market: Registering an equity joint venture with the Corporate Affairs Commission (CAC) takes one to two weeks, but securing necessary foreign investor permits adds time. Capital security: You...
Capital Repatriation from Nigeria in 2026: CCI, Custodians and Dividend Transfers Last reviewed: September 2026 Key Takeaways Your right to use the official foreign exchange market to send money home...
Updated September 2026. Fees and requirements change without much notice, so check every figure against the Ministry of Interior's current schedule before you budget. Two different approvals: A Business Permit...