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KEY HIGHLIGHTS OF THE NIGERIAN INSURANCE INDUSTRY REFORM ACT 2025

On 29 July 2025, President Bola Ahmed Tinubu signed into law the Nigeria Insurance Industry Reform Act 2025 (‘NIIRA’ or ‘New Act’), a legislation aimed at transforming the Nigerian insurance sector. The New Act repealed the Insurance Act, Cap. 117, Laws of the Federation of Nigeria, 2004 (‘Old Act’) and other obsolete insurance legislations to provide a

Unlocking Nigeria’s Digital Future: The NCC’s Proposed Spectrum Strategy and Its Implications for Space Service Operators and Broadband Expansion

Aminu Maida, the Executive Vice Chairman (EVC) and Chief Executive Officer (CEO) of the Nigerian Communications Commission (NCC or the Commission) recently stated at a public event that the Commission will soon unveil a five-year National Spectrum Roadmap, titled the “Spectrum Management and Allocation Blueprint (2025–2030)”. The roadmap is expected to serve as a strategic framework for the allocation, management, and optimisation of Nigeria’s finite

Did You Know?

Did you know that failure to obey lawful instructions from any member of an aircraft crew may lead to criminal sanctions?  As an airline passenger in Nigeria, it is important to know that your action or inaction in response to lawful instructions by the aircraft crew or to well-established rules and regulations may lead to criminal sanctions. The Nigeria Civil Aviation Act 2022 (“the Act”) prohibits certain behaviours by passengers on board an aircraft, and the breach of these provisions may result in the criminal prosecution of the

Tax Disputes and Litigation – Nigeria

In-Depth: Tax Disputes and Litigation (formerly The Tax Disputes and Litigation Review) is a practical overview of the common issues that give rise to tax disputes in key jurisdictions, the procedures for resolving those disputes, and the powers and approach of local tax authorities. With a focus on recent developments, it offers insights into the process, timescale

Nigeria – Private Equity (Transactions)

Quick reference guide enabling side-by-side comparison of local insights, including into types of private equity transaction; corporate governance, disclosure and timing considerations; dissenting shareholder rights; key purchase agreement provisions; participation of target company management; tax; fnancing; shareholders’ agreements; exit strategies (including IPOs); target sectors; cross-border considerations; club/group deals; and key recent developments.

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