On 23 September 2026, the Securities and Exchange Commission (SEC) issued a directive on the implementation of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards in Nigeria, marking a further step towards making sustainability information part of formal corporate reporting.

From 22 to 24 September 2026, stakeholders from across Nigeria met to consider possible reforms to the Child Rights Act 2003, more than two decades after its enactment.

On 22 September 2026, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) reduced the Monetary Policy Rate (MPR) from 26.5% to 23%.

On 9 September 2026, the Nigerian Communications Commission (NCC) announced a technology-enabled framework for monitoring compliance with its approval requirements for mobile phones and other SIM-enabled communications devices.

On 17 September 2026, an International Chamber of Commerce (ICC) tribunal issued an award in favour of the Federal Republic of Nigeria in an arbitration brought by Sunrise Power and Transmission Company Limited over the Mambilla Hydroelectric Power Project.

On 20 August 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced the successful and reserve bidders in Nigeria’s 2025 Licensing Round, with provisional awards covering 37 oil and gas blocks.

On 21 August 2026, the Court of Appeal, Benin Judicial Division, allowed Presco Plc’s appeal against a Federal High Court ruling that had affected the company’s 2025 Annual General Meeting (AGM), rights issue and related corporate actions.

If you buy, sell, trade or earn cryptocurrency in Nigeria, the taxman now has a much clearer view of that activity. The Nigeria Revenue Service (NRS) has issued the Guidelines on the Taxation of Virtual Assets (the Guidelines), providing greater clarity on how cryptocurrencies and other virtual assets are taxed in Nigeria.

A price increase is not, by itself, evidence of a competition law violation. However, where prices rise sharply in a market dominated by a small number of suppliers, particularly where available capacity appears to exceed demand, regulators may look more closely at how those prices are determined.

Parties to employment and trade disputes are often eager to head straight to court. Nigerian law generally takes a different view: where the law or the parties’ own agreement prescribes a dispute resolution process, those steps must ordinarily be completed before the courthouse doors open.