• Legal Framework

    In-depth coverage of the local legal framework for business is an integral part of OBG’s analysis. Working in partnership with a leading local law firm, we review foreign investment laws, ownership restrictions, requirements for local partners and labour laws, among other topics.
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How will the Companies and Allied Matters Act of 2018 impact the business environment?

 

One of the reforms that will have the most impact on the economic climate of Nigeria when it eventually comes into operation are the proposed changes to the corporate landscape through the long overdue amendment of the Companies and Allied Matters Act (CAMA) with the new CAMA Bill, 2018. The act is the principal law governing corporate law in...

 

Corporate law is one of the most highly regulated areas in Nigeria, which is not surprising given its effect on the country’s economy and polity.

Chapter | Legal Framework from The Report: Nigeria 2019

This chapter introduces the reader to the different aspects of the legal system in Nigeria, in partnership with Stillwaters Law Firm. This chapter also contains an interview with Afam Nwokedi, Principal Counsel and Group Head, Stillwaters Law Firm.

Combining oil and gas wealth with the entrepreneurial efforts of its predominantly young population, Nigeria has developed a business-friendly environment over the past two decades of civilian rule. The country has effectively leveraged its abundance of natural resources and harnessed the strength of its 193m-strong population to become a key nation both on the African continent and beyond.

 

There have been a number of improvements within Kuwait’s legal system over the course of the last 25 years. Back then, we had only three significant pieces of legislation: our civil code, the commercial law and a companies’ law that was already outdated for its usage. It was clear that these laws were insufficient for the requirements of...