As we move deeper into 2026, the Business Advisory and Foreign Investment (BAFI) Practice at Olaniwun Ajayi LP is pleased to present its 2026 Business Advisory & Foreign Investment Outlook, offering critical insights into the opportunities, risks, and regulatory dynamics that will define Nigeria’s business environment this year.
The investment climate continues to evolve, shaped by ongoing reforms across tax administration, corporate regulation, and financial services, a resilient domestic market, and a deepening digital economy. For businesses, investors, and policymakers, understanding these dynamics is key to navigating complexity and capturing emerging opportunities in 2026.
This Report examines key developments across the regulatory space, as well as the tax, employment, real estate, immigration, and telecommunications terrains, and outlines the compliance priorities that boards, investors, and businesses must keep front of mind as the year unfolds.
Our Forward Look highlights the regulatory, financing, and institutional dynamics expected to influence investment flows and business operations, equipping stakeholders with the insights needed to make confident, informed decisions in 2026.
What the 2025 Doing Business Report covers
The Business Advisory and Foreign Investment team’s report reviews the developments that shaped Nigeria’s business environment during 2025. It covers legal, regulatory and policy change across the year.
The report also looks forward. It sets out the opportunities and risks likely to influence decisions in the year ahead.
Several themes run through it. First, the key regulatory highlights of 2025. Second, the regulatory clampdowns that affected operators. Third, the effect of electricity tariff increases on businesses in Nigeria. Telecommunications, transport and infrastructure each receive separate treatment.
What businesses should prioritise
The report identifies emerging opportunities across priority sectors. Alongside those, it sets out the compliance considerations that boards, investors and businesses should prioritise.
That pairing matters. Opportunity and compliance risk rarely move independently in Nigeria. A decision taken on one basis alone tends to age badly.
The outlook for 2026
Looking ahead, operating conditions are expected to remain mixed. Macroeconomic pressures may well persist through the year.
Consequently, businesses should plan for an environment where opportunity and constraint appear together. Our report shows where each is most likely to arise.
Click the button below to read the publication.
