On the 6th of August, 2025, President Bola Ahmed Tinubu assented to the Nigeria Insurance Industry Reform Act 2025 (NIIRA 2025). The law repeals existing insurance and reinsurance statutes with a single, updated regulatory framework aimed at strengthening the insurance sector, protecting policyholders, encouraging investment, and accelerating digitalization. It also regulates and supervises insura
In today’s business landscape, companies are constantly seeking the right blend of local and international expertise to drive growth and innovation. For businesses operating in Nigeria, employing foreign nationals is not as straightforward as issuing a job offer and securing the foreign national’s physical presence in Nigeria. It requires navigating the country’s expatriate quota system….
Buying a business can be a more straightforward way to operate a venture without having to navigate the legal and financial complexities of establishing a business from scratch. It often saves time and effort that would have been invested in establishing a business from scratch. Whether it is an existing business or a new one,…
Have you ever wondered how big brands own and operate multiple businesses and companies under one entity? The secret is usually in registering all the businesses as a group of companies or having a holding company. In Nigeria, setting up this kind of structure is more than just filing CAC forms; it requires a clear understanding of…
Are you at the stage of pitching your business idea to an investor and wondering whether you should first ask the investor to sign a Non-Disclosure Agreement (NDA)? This question often plagues the minds of many first-time founders with ‘million-dollar ideas’. The constant wrestling with thoughts of pitching their business idea while ensuring that sensitive…
Are you ready to set up a commercial bank in Nigeria, but unsure about the requirements and procedures for doing so? In this article, we will outline the procedure for setting up a commercial bank in Nigeria, aiming to provide a comprehensive guide for individuals seeking a thorough understanding of the process. OVERVIEW OF COMMERCIAL…
On the 26th of June, 2025, Nigeria heralded new tax bills signed into laws targeted at driving economic growth and bringing an overhaul change to the taxation system in Nigeria. These laws include the Nigeria Tax Act, the Joint Revenue Board (Establishment) Act, the Nigeria Tax Administration Act, and the Nigeria Revenue Service Act. The…
Most startups, founders, and employees in the corporate and finance world are probably familiar with the term ‘vesting schedule’. Whether you are looking to have an effective and low-risk management financial plan for your company or to control employees’ share options and retain their commitment, there is a need to understand the concept and significance…
The news of a company being struck off can be heart-wrenching and difficult to accept. It is one thing for a company to be struck off and another for it to be relisted on the register of companies. Both experiences can be daunting. In Nigeria, the Corporate Affairs Commission reserves the right to strike off…
Today, many creatives and innovators painstakingly churn out designs without taking an extra step to register them. While, the fear and resultant effect of intellectual property theft still looms in the corridors of the creatives space, it does not exterminate the need to secure the design rights of creatives to guarantee exclusive right of use…
