Recently, the Supreme Court of Nigeria delivered a landmark decision in Emerging Markets Telecommunications Services Ltd (EMTS) v. Afdin Ventures Limited & 6 Ors, clarifying two important points for commercial arbitration in Nigeria.

The Central Bank of Nigeria (CBN) has issued revised rules governing the operation and use of the Bank Verification Number (BVN), with implementation set for 1 May 2026.

In April 2026, the Securities and Exchange Commission (SEC) issued proposed rules governing the participation of Free Trade Zone Entities (FTZEs) in Nigeria’s capital markets.

With effect from 1 April 2026, the Federal Government of Nigeria has implemented revised import restrictions under the 2026 Fiscal Policy Measures and Tariff Amendments.

In a pair of decisions delivered on 20 and 22 April 2026, the Federal High Court in Abuja dismissed suits filed by Air Peace Limited and United Bank for Africa Plc, each challenging the investigative powers of the Federal Competition and Consumer Protection Commission (FCCPC).

On 9 April 2026, ExxonMobil’s Senior Vice President for Deepwater, Hunter Farris, met with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja to outline the company’s planned reinvestment in Nigeria’s deepwater oil sector.

On 17 February 2026, the Nigeria Revenue Service (NRS) announced the phased rollout of the E-Invoicing & Electronic Fiscal System (EFS)—a nationwide digital reporting framework requiring taxpayers to issue and transmit transaction data electronically through an integrated platform.

As Nigeria’s agricultural sector moves through 2026, two issues continue to shape performance across the value chain: rising production costs and increasing weather uncertainty.

On 16 March 2026, the United Kingdom Minister for Trade, Sir Chris Bryant MP, and Nigeria’s Minister for Industry, Trade and Investment, Dr. Jumoke Oduwole, co-chaired the inaugural ministerial dialogue of the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP).

In a significant development for Nigeria’s financial markets, the Investments and Securities Act (ISA) 2025, together with the SEC’s digital asset rules and Circular No. 26-1 (January 2026), has formally brought tokenized assets within a regulated framework.