The Central Bank of Nigeria (CBN) has revised the framework for managing dormant bank accounts, with direct implications for corporate treasury operations, banking documentation, and transaction execution.

On 9 March 2026, the Attorney General of the Federation and Minister of Justice announced the resolution of the long-running dispute over Oil Prospecting Licence (OPL) 245. After about 15 years of litigation across multiple jurisdictions,

In early February 2026, Nigeria’s National Assembly passed the Electoral Act 2022 (Repeal and Re-enactment) Amendment Bill 2026 into law on 17th February 2026 following detailed section-by-section consideration.

What Happened? On 29 January 2026, the European Union removed Nigeria from its list of high-risk third countries under its under its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework. For Nigerian individuals and entities using EU financial channels, this reduces the automatic “country flag” that previously triggered extra compliance steps. Why This […]

Introduction Nigeria’s logistics market is evolving quickly. Growth in e-commerce, export activity, and demand for time-sensitive delivery has increased the use of air freight by small and medium-sized enterprises (SMEs). For many SMEs, air cargo is no longer optional—it is part of staying competitive. As opportunities expand, so do compliance responsibilities. Understanding what is driving […]

What’s the News? On 2 February 2025, Nigeria formally handed over the headquarters of the Africa Energy Bank in Abuja, moving the Bank closer to full operational take-off nearly 20 months after its establishment was first announced. According to public reports, the Africa Energy Bank is expected to commence operations with an initial capital base […]

Introduction The Lagos State Internal Revenue Service (LIRS) has reinforced its powers under Section 30 of the Nigerian Tax Administration Act (NTAA) 2025 through Circular Ref: LIRS: 004/01/2026, issued on 21 January 2026. The direction is clear: LIRS expects earlier transparency through structured disclosure, backed by stronger anti-avoidance oversight. Key Highlights of the Disclosure Regime […]

Introduction The Securities and Exchange Commission (SEC) has issued Circular No. 26-1 under the Investments and Securities Act, 2025, revising the Minimum Capital Requirements for operators in Nigeria’s capital market. The objective is clear: capital should reflect risk, investor protection should improve, and the market should be better positioned to withstand shocks. This is the […]

Introduction On 23 January 2026, the English Court of Appeal delivered its decision in The Federal Republic of Nigeria v VR Global Partners LP & Ors [2026] EWCA Civ 25. The ruling forms part of the broader Nigeria–P&ID arbitration proceedings, following Nigeria’s success in setting aside the award on fraud grounds. The dispute then turned […]

In commercial transactions, even well-drafted contracts sometimes require adjustment. Market shifts, delivery delays, or operational challenges can make original terms impractical