How to Buy Land in Nigeria: A Legal Guide for First-time Buyers
Buying land in Nigeria can be a rewarding investment, but the legal complexities involved require careful attention. Many prospective buyers overlook key steps, which can lead to disputes, loss of investment, or fraud. This guide will walk you through the entire...
How to Avoid Real Estate Fraud in Nigeria: Legal Guide
Real estate fraud is a prevalent issue in Nigeria, with many falling victim to scams involving fake land titles, double sales, and fraudulent property agents. In fact, a report by the Nigerian Economic and Financial Crimes Commission (EFCC) noted that real estate...
How to Obtain a Certificate of Occupancy in Nigeria: A Comprehensive Guide
In Nigeria, owning property goes beyond simply buying land or a building. To legally secure ownership, obtaining a Certificate of Occupancy (C of O) is essential. This document, issued by the government, grants the holder the right to occupy land for a specified...
Understanding the Land Use Act in Nigeria: A Comprehensive Guide
The Land Use Act of 1978 is one of the most important legal frameworks governing land ownership and management in Nigeria. The act vests control of all land within a state's territory in the governor of that state, effectively centralizing the authority to grant land...
How to Verify Property Titles in Nigeria Before Purchase
When buying property in Nigeria, verifying the title is one of the most crucial steps to safeguard your investment. Real estate fraud is prevalent, and the failure to conduct due diligence can lead to significant financial losses. A recent report by the Economic and...
The Impact of Performance Bonds in Project Finance Contract Disputes in Nigeria | Project Finance in Nigeria
A performance bond is a financial guarantee provided by a surety (usually a bank or an insurance company) on behalf of the contractor to the project developer. It is the final bond written when a contractor is awarded a project and the bond guarantees nearly every...
The Impact of Windfall Tax on Foreign Investment in Nigeria’s Banking Sector
With the introduction of the Finance (Amendment) Bill, 2024, the Nigerian government seeks to impose and charge banks in Nigeria with a one-time windfall tax.[i] The Bill aims to finance capital infrastructure development, education, and healthcare access among other...
Top 10 Biggest Startups in Nigeria by Market Valuation
The Rise of Nigerian StartupsWhat is the Biggest Startup in Nigeria?Top Nigerian Startups by Market Valuation1. Flutterwave2. Interswitch3. Opay4. Andela5. Jumia6. Moniepoint (formerly TeamApt)7. Kuda8. Paga9. TradeDepot10. MooveKey Industries Leading the Nigerian...
Legal Advice for Venture Capitalists Investing in Nigerian Startups
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. Nigeria is home to over 3,300 startups, according to a 2023 Statista report, making it the leading...
Legal Advice for Nigerian Startup Founders: What You Need to Know
Nigeria is fast becoming a fertile ground for startups. With a population of over 200 million people and the Nigerian startup industry leading the startup funding in Africa for years, the future is promising. However, navigating the legal landscape can be tricky for...