Acts and Laws

These are general enactments made by the National and State House of Assembly. These enactments are meant to be complied with by persons and business entities.

Best Practices

Build your compliance resources by going through our templates and articles on ways to optimize the compliance functions of your organization.

Circulars

From time to time, Circulars are released to make amendments to certain guidelines or rules or to set the tone for an upcoming rule. Stay up-to-date w... Continue Reading...

Code of Conduct

Every operator is bound by a Code of Conduct which sets out business principles. This Code is set out to protect the public, ensuring that investments made by them are safe and secure. ThisCode of co... Continue Reading...

Guidelines

Every Regulatory Agency release guidelines as a way to help achieve its aims and to maintain sanity in the business environment which they regulate. These specific instructio... Continue Reading...

Rules and Regulations

Every Regulator issues out Rules and Regulations that are essential to developing their various sectors. These Rules and Regulators are essential as they govern operators of th... Continue Reading...

Draft Bill

A Billis a proposedlegislationunder consideration by a Legislature. ABilldoes not become Law until it is passed by the Legislature, and signed by the President. In Nigeria, tod... Continue Reading...

Nigeria Oil and Gas Industry Content Devel

An Act to provide the development of Nigerian content in Nigeria oil & gas industry, Nigeria content plan, supervision, coordination, monitoring and implementation of Nigerian content

Standards

Every Regulator usually issues out Standards that stipulate a required or agreed level of quality or attainment. These Standards are written definition,... Continue Reading...

Testing

Testing

Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) Act of 2007 of the Federal Republic of Nigeria charges the Bank with the overall control and administration of the monetary and financial se... Continue Reading...

Corporate Affairs Commission (CAC)

The establishment of the Corporate Affairs Commission as an autonomous body was as a result of the perceived inefficiency and ineffectiveness of the erstwhile Company Registry,... Continue Reading...

Department of Petroleum Resources (DPR)

... Continue Reading...

Federal Inland Revenue Service (FIRS)

Federal Inland Revenue Service (FIRS) has the mandate to assess, collect, account and enforce payment of taxes as may be due to the government or any... Continue Reading...

Federal Ministry of Health

The Federal Ministry of Health is one of the Federal Ministries of Nigeria established to develop and implement policies that strengthen the national he... Continue Reading...

Lagos State Inland Revenue Service (LIRS)

Lagos State Inland revenue Service (LIRS) is the major revenue generating Agency of the Lagos State Government saddled with the responsibility of collecting taxes. Over the yea... Continue Reading...

National Insurance Commission (NAICOM)

The National Insurance Commission was established in 1997 with the responsibility of regulating and supervising insurance business in Nigeria. It repl... Continue Reading...

National Pension Commission (PENCOM)

The Pension Reform Act 2004 established the National Pension Commission (PenCom) as the body to regulate, supervise and ensure the effective administration of pension matters... Continue Reading...

Nigerian Communication Commission (NCC)

The Nigerian Communications Commission (NCC) is the independent National Regulatory Authority for the telecommunications industr... Continue Reading...

Nigeria Stock Exchange (NSE)

The Nigerian Stock Exchange (NSE) services the largest economy in Africa and is championing the development of Africa’s financial markets. The NSE, a registered company limi... Continue Reading...

Financial Reporting Council of Nigeria (FRCN)

The Financial Reporting Council of Nigeria (FRCN) of Nigeria is a federal government agency established by the Financial Reporting Council of Nigeria Act, No. 6, 2011. It is a federal government Paras... Continue Reading...

Advertising Practitioners Council of Nigeria (APCON)

The Advertising Practitioners Council of Nigeria (APCON) was established by the Advertising Practitioners Registration Act Cap A7 of 2004. APCON maintains a strong focus on its... Continue Reading...

Nigeria Maritime Administration and Safety Agency (NIMASA)

The Nigerian Maritime Administration and Safety Agency (NIMASA), formerly the National Maritime Authority (NMA) is responsible for regulations related to Nigerian shipping, mar... Continue Reading...

Nigeria Customs Service (NCS)

The functions of the Nigeria Customs Service include, but not limited to the following: Collection of revenue (Import /Excise Duties & other Taxes /Levies) and accounting for same; anti smuggling... Continue Reading...

Nigerian Port Authority (NPA)

Nigerian ports Authority (NPA) was established in 1954 by ports Act (Cap 155 of the law of the Federation of Nigeria –amended 1999) as an operating port with the responsibility of providing all port s... Continue Reading...

Industrial Training Fund (ITF)

Established in 1971, the Industrial Training Fund (ITF) has operated consistently and painstakingly within the context of its enabling laws Decree 47 of 1971, as Amended in the 2011 Industrial Trainin... Continue Reading...

Nigeria Social Insurance Trust Fund (NSITF)

The Nigeria Social Insurance Trust Fund (NSITF) was established by Act No. 73 of 1993 to succeed the defunct National Provident Fund with mandate to provide a Social Insurance Scheme for employees in... Continue Reading...

Lagos State Environmental Protection Agency (LASEPA)

The Lagos State Environmental Protection Agency (LASEPA) is the environmental regulator for Lagos State of Nigeria. Its environmental objective is in accordance with section 20... Continue Reading...

National Security Adviser (NSA)

The National Security Adviser (NSA) provides for the End-User Certificate. The End-User Certificate is an undertaking by a purchaser/importer that any of the controlled items/products covered by the p... Continue Reading...

Nigeria Electricity Regulatory Commission (NERC)

The Nigerian Electricity Regulatory Commission (NERC) is an independent regulatory agency which was inaugurated on 31st October 2005 as provided in the Electric Power Sector Re... Continue Reading...

Nigerian Deposit Insurance Corporation (NDIC)

The Nigeria Deposit Insurance Corporation (NDIC) is an independent agency of the Federal Government of Nigeria. The purpose of the deposit insurance system is to protect depositors and guarantee the s... Continue Reading...

Nigerian Investment Promotion Commission (NIPC)

Nigerian Investment Promotion Commission (NIPC) provides services for grant of business entry permits, licenses, authorization and incentives in a one-stop shop environment. NIPC's One Stop Investment... Continue Reading...

Petroleum Product Pricing Regulatory Agency (PPPRA)

The Petroleum Products Pricing Regulatory Agency (PPPRA) was established by an Act of the National Assembly in 2003 as an autonomous agency to primarily determine the pricing p... Continue Reading...

National Agency for Food and Drug (NAFDAC)

The National Agency for Food and Drug Administration and Control (NAFDAC) is a Nigerian federal agency under the Federal Ministry of Health that is responsible for regulating a... Continue Reading...

National Drug Law and Enforcement Agency (NDLEA)

The establishment of the National Drug Law Enforcement Agency (NDLEA) by the promulgation of Decree Number 48 of 1989, now Act of Parliament, was aimed at exterminating illicit drug trafficking and co... Continue Reading...

Nigerian Agricultural Insurance Corporation (NAIC)

This Nigerian Agricultural Insurance Corporation was established to meet the need for a specialized Agricultural Insurance Company to provide insurance cover to farmers, which was informed by Governme... Continue Reading...

Federal Aviation Authority of Nigeria (FAAN)

The Nigerian Airports Authority (NAA) which later became Federal Airports Authority of Nigeria (FAAN) was set up by the Nigerian government by Decree 45 of 1976, to oversee the operations and maintena... Continue Reading...

Economic and Financial Crimes Commission (EFCC)

The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud) and money laundering. The EFCC was est... Continue Reading...

Nigerian financial Intelligence Unit (NFIU)

The Nigerian Financial Intelligence Unit(NFIU) plays an integral role in the fight against money laundering and terrorism financing

Securities Exchange Commission (SEC)

The Securities and Exchange Commission, SEC is a Government Agency Mandated to Regulate and Develop the Nigerian Capital Market.The Securities and Exchange Commission (SEC) is the main regulatory inst... Continue Reading...

Standards Organisation Of Nigeria (SON)

The Standard Organization of Nigeria (SON) is the apex standardization body in Nigeria. SON was established by SON Act No. 14, 2015, which repeals the Standards Organisation of Nigeria Act, Cap 59 law... Continue Reading...

Nigerian Communications Commission (NCC)

Asset Management Corporation of Nigeria (AMCON)

The Asset Management Corporation of Nigeria (AMCON) is established by the Asset Management Corporation of Nigeria (AMCON) Act. The Corporation acquires Eligible Bank Assets (EB... Continue Reading...

Nigerian Content Development and Monitoring Board

The Nigerian Content Development and Monitoring Board (NCDMB) was established by the president, Dr. Goodluck Ebele Jonathan following the signing into law of the NC act on 22nd April, 2010.Some of the... Continue Reading...

Federal Ministry of Labour and Productivity

The Federal Ministry of Labour and Productivity is the Nigerian Federal Ministry concerned with relations between workers and employers. It is headed by the Minister of Labour and Employment, who is a... Continue Reading...

Nigerian National Petroleum Corporation (NNPC)

The Nigerian National Petroleum Corporation (NNPC) is the state oil corporation which was established on April 1, 1977. In addition to its exploration activities, the Corporation was given powers and... Continue Reading...

Chartered Institute Of Bankers Of Nigeria (CIBN)

Nigerian Labour Congress (NLC)

Agriculture & Agro-Allied

This sector comprises all units engaged in agriculture, fishing and hunting. Agricultural production covers, primarily, the production of crops, plants, vines, or trees (excluding forestry operations)... Continue Reading...

Construction and Real Estates

This industry is one which is concerned with the preparation and construction of real estate properties. The repairing of any existing building or making certain alterations in the same also comes und... Continue Reading...

Manufacturing & Industrial Goods

This sector is comprised of companies engaging in the production and manufacturing of final goods. In general, these are products and services classified for personal use, specifically intended for th... Continue Reading...

Financial Services

This sector includes companies engaged in the provision of financial services, in investing money in predominantly financial assets, in providing services to lenders, borrowers and investors, and in p... Continue Reading...

Healthcare

This sector is composed of companies that manufacture healthcare equipment and supplies, and provide healthcare-related services. This sector also includes distributors of products and providers (owne... Continue Reading...

Information & Communications Technology

Information & Communications Technology (ICT) consists of all technical means used in handling information and aiding communication. This sector consists of Information Technology (IT) as well as... Continue Reading...

Industrial Goods

This sector is composed of companies primarily involved in the manufacture and distribution of capital goods, including aerospace and defense, engineering and building products, electrical equipment,... Continue Reading...

Oil and Gas

This sector includes all companies engaged in the upstream, midstream and downstream of the oil and gas sector. It also includes companies primarily engaged in the production of liquid hydrocarbons fr... Continue Reading...

Aviation

General

This comprises of businesses not included in any of the specific group. It includes industries like professional services, shipping etc