Legal Framework
From The Report: Nigeria 2017
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This chapter introduces the reader to the different aspects of the legal system in Nigeria, in partnership with Stillwaters Law Firm.

It also contains a viewpoint with Afamefuna Nwokedi, Principal Counsel and Group Head, Stillwaters Law Firm.

Articles from this Chapter

Overview

Clear guidelines: A review of the laws impacting foreign investment in Nigeria
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Corporate law is one of the highly regulated areas in Nigeria, which is not surprising given its effect on the country’s economy and polity. The Companies and Allied Matters Act (CAMA) is the principal law governing corporate law in Nigeria. Other laws regulating corporate practice in the country include the Nigerian Investment Promotion Commission (NIPC) Act, the Investments and Securities Act (ISA) and Immigration Act. Companies & Allied Matters ACT CAMA established the Corporate…

Analysis

Collective investments: Regulatory considerations for private equity
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Nigeria continues to generate a fair share of private equity transactions in Africa, especially in telecommunications, health, insurance, agriculture, financial, manufacturing, retail and real estate. The country’s evolution as a preferred destination for private equity investment in sub-Sahara Africa is largely due to its growing population and rising middle class, as well as the ongoing privatisation, deregulation and restructuring of strategic sectors. Amendments Major reforms helped…

Viewpoint

Improving efficiency: Afamefuna Nwokedi, Principal Counsel and Group Head, Stillwaters Law Firm, on reforming business regulation
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Viewpoint:Afamefuna Nwokedi Early in 2017 the federal government of Nigeria began a reform process for commercial entities by setting up the Presidential Enabling Business Environment Council (PEBEC). Its immediate aim is to improve Nigeria’s ranking in the next edition of the World Bank’s “Doing Business” report by at least 20 positions, up from its current position of 169 out of 190 countries. Further ahead, the PEBEC aims to ensure Nigeria ranks within the top 100 countries by 2019.…