Corporate governance in Nigeria: key considerations for 2026
Boards across Nigeria are operating under closer scrutiny than before. Regulators, investors and the public increasingly expect governance structures that hold up not just on paper, but in practice.
Director accountability is moving from policy to practice
Companies should revisit conflict-of-interest policies, related-party transaction approval processes, and whether independent directors have the information and time to exercise oversight.
Disclosure expectations keep rising
Shareholders, lenders and regulators increasingly expect timely, substantive disclosure rather than boilerplate reporting. Good disclosure practices support transparency and trust.
Board evaluations are a governance tool
Regular board evaluations can surface gaps in succession planning, committee performance and oversight before they become disputes.
What to review
A governance health check can compare constitutional documents, board charters and committee terms of reference with how the board actually operates.