The Investment and Securities Act 2025 and Nigeria’s New Takeover, Merger, and Restructuring Regime
M&A Reimagined: The Investment and Securities Act 2025 and Nigeria’s New Takeover, Merger, and Restructuring Regime Abstract The Investment and Securities Act (ISA) 2025, which repealed the ISA 2007, represents the most significant overhaul of Nigerian capital market and mergers & acquisitions (M&A) regulation in nearly two decades. This article examines the Act’s modernisation of […]
Expanding the Net on Non‑Resident Digital Companies
The Force of Attraction Principle in Nigeria’s 2025 Tax Reform: Expanding the Net on Non‑Resident Digital Companies Abstract Nigeria’s 2025 tax reform package introduces a radical departure from traditional source‑based taxation. The new “Force of Attraction” principle, embedded within the Nigeria Tax Act 2025, redefines the taxable presence of non‑resident companies (NRCs) operating through digital or intermediary […]
Retroactive Application of CAMA 2020’s Single‑Shareholder Provisions and the Transformation of Nigerian Company Law
One Is the New Many: Retroactive Application of CAMA 2020’s Single‑Shareholder Provisions and the Transformation of Nigerian Company Law Abstract The Companies and Allied Matters Act (CAMA) 2020 revolutionised Nigerian corporate law by permitting a single person to form and operate a private company, a departure from the previous minimum of two shareholders. Less noticed, however, is the Act’s retroactive […]
The SEC’s 2026 Corporate Governance Directive on Director Tenure and Rotational Limits
Independence Mandated: The SEC’s 2026 Corporate Governance Directive on Director Tenure and Rotational Limits Abstract In February 2026, the Securities and Exchange Commission (SEC) Nigeria issued the Corporate Governance Directive 2026 (CGD 2026), a binding instrument applicable to all public companies listed on Nigerian Exchanges and their significant subsidiaries. The most controversial provisions target director tenure and independence: […]
Strategic Compliance for Multinational Enterprises Under Nigeria’s Tax Act 2025
Navigating the new tax era Transition or Turbulence? Strategic Compliance for Multinational Enterprises Under Nigeria’s Tax Act 2025 Abstract The Nigeria Tax Act 2025 (NTA 2025) represents the most sweeping overhaul of the country’s tax system in three decades. For multinational enterprises (MNEs) with existing Nigerian operations, the transition from the old fragmented regime (CITA, PITA, VAT Act, […]