• 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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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...

 

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.

 

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.

Chapter | Legal Framework from The Report: Nigeria 2017

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.

With Africa’s largest economy and its biggest population, Nigeria is the continent’s heavyweight. The country has been blessed with resource-rich lands, areas of great agricultural fertility and favourable demographics, but it has also had its fair share of challenges.

 

GOVERNMENTS & THEIR POWERS: There are three levels of government in Papua New Guinea: the national, provincial and local-level governments. The Constitution and the Organic Law on Provincial Government and Local-Level Government (Organic Law) regulate the legislative powers of the national,...