Nigeria: Shareholders

The Financial Reporting Council of Nigeria (FRC), on Thursday 30 May 2024, issued the Small and Medium Enterprises Corporate Governance Guidelines (‘SME-CGG' or ‘the Guidelines').

In regulated corporate environments, regular meetings — such as Board meetings, Annual General Meetings (AGMs), and Extraordinary General Meetings (EGMs) — are essential to ensure compliance and effective corporate governance.

Nigeria's corporate landscape is experiencing a fundamental shift, marked by the formal adoption of virtual general meetings (VGMs) for public companies.

An essential part of Corporate Governance is voting rights, which is an appanage for shareholders in exercising their rights to impact decisions taken by a company's...

Starting a business is never an easy task as there are various hurdles to cross when starting a business. These challenges span across choosing the right financing option for the business given the financial and legal implications of the various financing options as well as how best to secure the interests of the founders and grow the business to a viable stage.

Many founders think of fundraising as a single event. We like to think of a Series A financing as a series of tightly linked actions that unfold quickly...

The financial sector in Nigeria is comprised of banks and other financial institutions. These entities are primarily regulated by the Central Bank of Nigeria (CBN) to ensure the security...

Prior to the Companies and Allied Matters Act, 2020 ("CAMA 2020"), at least two members were required to incorporate a company.

As Nigeria's startup ecosystem continues to grow, venture capitalists (VCs) from across the globe are increasingly drawn to the potential returns the country offers.