PEVCA 2026 MID-YEAR REVIEW AND STRATEGIC OUTLOOK (Carried Interest in Nigerian Private Capital Funds: Tax Treatment, Clawback Enforceability and the Unresolved Questions)
As private equity cements its role in funding Nigerian businesses, a critical question remains unanswered: how should carried interest, the performance-based reward earned by fund managers, actually be taxed? Nigerian tax law has no provision written specifically for...
DETAIL Advises Veritasi Homes Non-Interest Funding SPV Limited on ₦50 Billion Non-Interest Commercial Paper Programme
Detail Commercial Solicitors (DETAIL) acted as Legal Counsel to Veritasi Homes Non-Interest Funding SPV Limited in connection with the establishment of its ₦50 billion Non-Interest Commercial Paper Programme. The Programme represents an important milestone in Veritasi...
PEVCA 2026 MID-YEAR REVIEW AND STRATEGIC OUTLOOK (Employee Share Option Plans in Nigerian Startups: What the Tax, Corporate and Regulatory Framework Actually Permits)
Employee Share Option Plans (ESOPs) are becoming an increasingly important tool for Nigerian startups seeking to attract and retain top talent, but Nigeria’s legal and tax framework has yet to fully catch up with the realities of startup equity compensation. While...
AN ANALYSIS OF THE EXECUTIVE ORDER ON VIRTUAL ASSETS 2026
Nigeria’s Presidential Executive Order on Virtual Assets Coordination 2026 introduces a more coordinated approach to regulating virtual assets. By bringing the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and other key agencies...
CAC TO COMMENCE ENFORCEMENT OF DISCLOSURE REQUIREMENTS FOR COMPANY BUSINESS LETTERS
The Corporate Affairs Commission (CAC) has announced that it will commence full enforcement of the statutory disclosure requirements for company business letters from 1 August 2026. Companies are expected to ensure that their business letters and document templates...
Analysis of the NERC Net Billing Regulations of 2026
The NERC Net Billing Regulations 2026 establish a new framework for integrating distributed renewable energy into Nigeria's electricity sector by enabling eligible consumers to export excess solar power to the grid in exchange for energy credits. In this article, we...
Reordering the Rails: The CBN’s June 2026 Payments System Circular and the Limits of Market Dominance
The Central Bank of Nigeria (CBN) is reshaping Nigeria's payments ecosystem with its June 2026 Circular introducing new market structure, data localisation, beneficial ownership, and systemic oversight requirements. The Circular seeks to promote fair competition,...
Nigeria’s Decommissioning and Abandonment Regulations 2026: A Review of Key Provisions and Practical Implications
Nigeria's upstream petroleum sector is entering a new era of decommissioning accountability with the introduction of the Nigerian Upstream Petroleum Decommissioning and Abandonment Regulations 2026, a revised framework designed to provide a more commercially workable...
DETAIL Advises Advans La Fayette Microfinance Bank Limited on ₦20 Billion Commercial Paper Programme
Detail Commercial Solicitors (DETAIL) acted as Legal Counsel to Advans La Fayette Microfinance Bank Limited on the establishment of its ₦20 billion Commercial Paper Programme, marking an important step in the Bank's efforts to diversify its funding sources and support...
Understanding NOFR and Its Potential Market Impact
Nigeria’s financial market is entering a new era with the introduction of the Nigerian Overnight Financing Rate (NOFR), a unified benchmark designed to provide a more accurate reflection of short-term funding costs and market conditions. This reform aims to improve...