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Historic Development Of Nigerian Business Laws - Corporate/Commercial Law

Introduction Nigeria, Africa s largest economy and second biggest market, is an important investment destination. One of her greatest challenges is archaic business laws. Fortunately, the past two years, has seen remarkable and historic positive developments in business laws. On Tuesday, the 5 th February 2019, President Muhammadu Buhari, signed the Federal Competition and Consumer Protection Act (the FCCPA ) as the first anti-trust and consumer protection law of Nigeria. An anti-trust regime for Nigeria is expected to influence the wider West African market as the Economic Community of West African States ( ECOWAS ) has been working on a regional anti-trust regulatory framework akin to the Common Market for East

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