63 articles found in Nigeria

The Companies and Allied Matters Act 2020 shifted Nigeria from a strict liquidation regime to a rescue-oriented model, offering Administration and Company Voluntary Arrangements to struggling tech subsidiaries. A company...

Foreign companies can sue in Nigerian courts without registering a local subsidiary or branch. Mareva injunctions allow you to freeze a defendant's Nigerian assets before they can hide or transfer...

International companies must incorporate a local subsidiary through the Corporate Affairs Commission to operate in Nigeria. The minimum authorized share capital for any foreign-owned entity in Nigeria is NGN 100,000,000....

Prioritize arbitration: Nigerian commercial courts have significant backlogs. Clear arbitration clauses help ensure timely dispute resolution. Secure repatriation rights: You must obtain a Certificate of Capital Importation (CCI) within 24...

2026 Compliance Checklist for Foreign Tech in Nigeria Significant Economic Presence (SEP): Non-resident tech companies providing digital services to Nigerians pay corporate income tax even without a physical office. Capital...

Exit timelines vary: Trade sales typically close in 3 to 6 months, while Initial Public Offerings (IPOs) on the Nigerian Exchange (NGX) require 6 to 12 months. FCCPC reviews: The...

Foreign private equity (PE) investors can own 100 percent of Nigerian enterprises in most sectors, provided they register with the Nigerian Investment Promotion Commission (NIPC). Obtaining a Certificate of Capital...

Mauritius tax advantage: The Double Taxation Treaty with Nigeria reduces dividend withholding tax from 10% to 7.5%. Delaware structures do not receive this benefit. Capital Importation: Investors must secure a...

Foreign multinational enterprises and private equity funds targeting African acquisitions face complex regulatory hurdles. This is especially true when transactions involve assets in Nigeria (West Africa's largest economy) and neighboring...

eCCI is Non-Negotiable: Foreign investors must secure and manage their electronic Certificate of Capital Importation (eCCI) to legally repatriate exit proceeds through the Central Bank of Nigeria (CBN). 30% Corporate...

The 2026 Manual Overhaul: Effective June 1, 2026, the Central Bank of Nigeria (CBN) implemented the fourth edition of its Foreign Exchange Manual. This update modernizes trade rules, increases the...

Prioritize Multi-Tiered Dispute Clauses: Standardize structured negotiation and mediation under the Arbitration and Mediation Act 2023 before escalating to formal arbitration. Secure Capital Importation Early: Always obtain an electronic Certificate...

Voluntary Liquidation vs. Business Rescue in Nigeria: A Strategic Guide for Distressed Companies When a company faces severe financial distress in Nigeria, directors and foreign investors must quickly choose between...

No Freehold Ownership: Foreign entities cannot own land outright in Nigeria. Instead, you must acquire leasehold interests (typically up to 99 years) or structure your transactions through a locally incorporated...

Sovereign Debt Restructuring: Legal Risks for Foreign Funds in Nigeria Foreign institutional investors and private equity funds holding Nigerian debt navigate a fast-evolving legal environment. While sovereign debt restructuring in...

Managing Commercial Construction Disputes in Nigeria Nigeria's infrastructure landscape is experiencing a massive transformation, driven by ambitious transport, energy, and real estate developments. However, executing large-scale commercial projects in this...

The 12-Month Trap: Despite what some older statutes suggest, you generally have only 12 months from the date of a foreign judgment to register it in Nigeria under the simplified...

How Energy Investors Prevent Contract Disputes Under Nigeria's PIA Operating under Nigeria's Petroleum Industry Act (PIA) requires a clean break from the way upstream contracts were managed for decades. While...

Commercial suits in Nigerian High Courts take two to four years to reach a first-instance judgment. Court-annexed mediation at a Multi-Door Courthouse routinely resolves commercial claims within 30 to 60...

Filing a commercial claim in Lagos State requires mandatory compliance with the Pre-Action Protocol under the Lagos High Court Civil Procedure Rules, backed by a sworn Pre-Action Protocol Affidavit (Form...