The House of Representatives has directed AMCON to restore a Lagos firm to its leased property and ordered the IGP to probe an alleged illegal eviction.
Business Law
Business law news and insights covering corporate practice, commercial transactions, regulation, finance, compliance and dispute resolution in Nigeria.
By Innocent Anaba A Federal High Court in Lagos has set aside a directive by the House of Representatives Committee ordering Seplat Energy Producing Nigeria Unlimited, SEPNU, to pay N72.624 billion as compensation to communities over alleged oil spill incidents, […]
The Corporate Affairs Commission has opened a service centre at Tafawa Balewa Square to improve access to company registration, annual returns and corporate compliance services.
The Corporate Affairs Commission (CAC) in a bid to strengthen transparency, accountability and compliance within Nigeria’s corporate environment, will begin enforcement and mandatory disclosure of directors’ details on company business letters from August 1, stating that defaulting companies will face […]
The attention of the Receiver/Manager has been drawn to the erroneous and misleading conclusions being peddled in the social and print media on the interpretation of the recent Judgment of the Supreme Court in SC/CV/1130/25 delivered on Monday 01, June […]
The Nigerian banking sector is facing a critical stability test as a $2 billion (approx. N2.9 trillion) distressed loan from indigenous energy giant Nestoil Limited forces a historic “balance sheet reset” and lack of dividend payments. The latest banks hit […]
By Udeme Akpan Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand capital base, accelerate strategic initiatives, and aid its backward integration projects. The approval […]
By Yinka Kolawole The manufacturing sector’s contribution to tax revenue collections in Nigeria maintained an upward trend in 2025, contributing a total of N1.17 trillion in Value Added Tax (VAT) representing an increase of 45.61 percent over the N803.53 billion recorded in […]
The Central Bank of Nigeria (CBN) has addressed a viral social media post claiming that billionaire businessman Razaq Okoya is set to purchase Polaris Bank following a purported liquidation process. The post, which circulated widely on X, suggested that Polaris […]
By Taofik Salako, Deputy Group Business Editor Financial abuses and mismanagement running into many trillions of naira led to the sack of former directors and owners of Union Bank of Nigeria (UBN) and the appointment of a new board and […]