News

22 mins read

Drafting Exit Rights Under Nigerian Law That Survive NIPC, SEC, and FIRS Scrutiny

Your Incineration Clause Just Failed: Drafting Exit Rights Under Nigerian Law That Survive NIPC, SEC, and FIRS Scrutiny The carefully crafted exit clause in your shareholders’ agreement may already be unenforceable. Nigeria’s regulatory triple lock, the Nigerian Investment Promotion Commission (NIPC), the Securities and Exchange Commission (SEC), and the Federal Inland Revenue Service (FIRS), routinely […]

37 mins read

Venture Capital in Nigeria

Venture Capital in Nigeria: A Comprehensive Legal Analysis Abstract 📊 Historical Deal Volume Nigeria recorded 404 private capital deals with an aggregate reported value of approximately USD 3 billion between 2020 and 2024. 📊 Historical Deal Volume Nigeria recorded 404 private capital deals with an aggregate reported value of approximately USD 3 billion between 2020 […]

42 mins read

Legislative Inaction and the Enforcement of Constitutional Governance in Nigeria

Legislative Inaction and the Enforcement of Constitutional Governance in Nigeria Or (Can Nigerian Legislators Be Sued for Failure to Perform Their Constitutional Duties?) 1. Introduction The National Assembly of Nigeria is vested with immense constitutional powers under the 1999 Constitution of the Federal Republic of Nigeria (as amended). From making laws under Section 4, to […]

19 mins read

The Nigerian Insurance Industry Reform Act 2025 and the Race to Meet New Thresholds

Capital or Collapse? The Nigerian Insurance Industry Reform Act 2025 and the Race to Meet New Thresholds Abstract The Nigerian Insurance Industry Reform Act 2025 (NIIRA 2025) represents the most aggressive regulatory intervention in the insurance sector since the Insurance Act 2003. Responding to chronic undercapitalisation, low penetration (0.3% of GDP), and numerous insolvencies, the […]