Nigeria: Corporate Governance

Governance failure often manifests not through headline crises, but through subtle operational inconsistencies—conflicting board papers, delayed regulatory responses, or inadequate record-keeping. While organizations invest heavily in digital transformation and cybersecurity, a critical question remains: who bears accountability for the integrity, traceability, and defensibility of information underpinning board decisions?

Wealthy African families are shifting their approach to family offices, prioritizing governance frameworks and ownership structures over investment strategy as they transition from founder-led wealth to multigenerational stewardship. This distinctly African model addresses the structural gaps that emerge when significant portfolios grow across operating businesses, real estate, and global investments without coordinated ownership frameworks or formal governance systems.

In a unanimous decision handed down on June 10, 2026, the Court of Appeal affirmed the judgment of the Federal High Court that Section 18(2) of the Companies and Allied Matters Act, 2020, as amended (“CAMA 2020”)...

Board succession planning rarely commands the same attention as CEO succession. It does not trigger headlines, activist campaigns, or emergency announcements – until something goes wrong. Yet time and again, moments of corporate stress reveal an uncomfortable truth: business continuity is deeply dependent on whether the Board itself is prepared for change.

In recent years, Nigeria’s Mergers and Acquisitions (“M&A”) landscape has witnessed notable growth, driven by increasing investor confidence, regulatory reforms, and the strategic consolidation of businesses across sectors such as banking, financial services, energy, telecommunications, healthcare, and technology.

Nigeria's legal framework now places cybersecurity accountability directly on company boards and executives, with the Cybercrimes Act, Nigeria Data Protection Act 2023, and CAMA creating potential personal liability for directors where failures stem from inadequate oversight. This analysis examines how regulatory requirements converge to make cybersecurity a governance imperative rather than merely an IT concern. The publication explores practical steps boards must take to embed cybersecurity into risk mana

The year 2025 has seen concerted efforts to enhance performance and strengthen investor confidence across all segments of the Power Sector value chain.

Corporate Governance Comparative Guide for the jurisdiction of Nigeria, check out our comparative guides section to compare across multiple countries

The Nigerian business environment is no longer what it was just twelve months ago. Driven by regulatory reforms, global best practices, and the pressing need for sustainable growth amid economic challenges, the framework...