Nigeria: Industry Updates & Analysis

It is 2026, and it is clear to all by now that Technology and AI are fast reshaping every facet of life, business dispute resolution practices included.

Nigeria's non-oil economy demonstrated robust growth of 4.07% in Q4 2025, with agriculture, real estate, construction, and manufacturing leading the expansion. This analysis examines the corporate-commercial implications of this economic momentum and the increasingly structured regulatory environment shaping business operations. The piece explores three key developments from 2025 that are particularly significant for boards, investors, and in-house counsel navigating Nigeria's evolving business landscape.

Nigeria's electric vehicle market is transitioning from fragmented pilots to structured policy implementation, with new frameworks establishing licensing standards, infrastructure requirements, and commercial fleet priorities. Early regulatory positioning and local partnerships will determine which investors and manufacturers secure market access as the country formalises its EV adoption strategy.

In July 2025, Stren & Blan Partners hosted a webinar on "Evolving Global Investigations Landscape: Risk Management and Response Strategies for International Businesses in Africa."

In July 2025, Stren & Blan Partners hosted a webinar on "Evolving Global Investigations Landscape: Risk Management and Response Strategies for International Businesses in Africa."

Nigeria ranks as the 15th largest oil producer globally and the leading producer on the African continent. It also holds the largest proven natural gas reserves in Africa.

After the first year of reporting, IFRS 9 has resulted in an increase in banks' provisioning levels on transition.

On Tuesday, 8 October 2019, President Muhammadu Buhari presented the proposed 2020 budget of the Federal Government of Nigeria to the joint session of the National Assembly (NASS),

In 2018, the Nigerian energy sector presented itself as one with considerable potential to return high yields on investment.