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...
How Nigerian Startups Can Benefit from a Lawyer
Launching a startup in Nigeria is both exciting and challenging. Entrepreneurs often focus on innovation, product development, and attracting investors, but the legal side of business is just as critical. A lawyer can be one of the most valuable assets to a startup,...
Understanding the Role of Board Governance for Nigerian Startups
As Nigeria’s startup ecosystem continues to grow, with Lagos emerging as a leading hub for tech and innovation, the importance of board governance cannot be overstated. While many founders focus on funding, product development, and market growth, the structure of the...
Employment Law in Nigeria: A Guide for Nigerian Startups
There are a couple of things you need to know when starting a business in Nigeria, and employment law is one of the most critical. As a startup founder, you need to be aware of the legal framework that governs employer-employee relationships to avoid potential...
Nigerian Startups: Legal Pitfalls to Avoid When Building Your Website/App
Building a website or app is often the first major step for any Nigerian startup looking to establish its online presence. With the digital economy rapidly expanding, having a robust and legally compliant digital platform is essential for success. However, in the rush...
Regulatory Compliance for Startups in Nigeria: A Sectorial Overview
Nigeria's startup ecosystem is one of the most dynamic in Africa, attracting both local and international investors. However, understanding the regulatory landscape can be challenging, especially for new businesses unfamiliar with the specific requirements of their...