Abstract
The commercial legal framework in modern Nigeria is a product of diverse influences, including indigenous pre-colonial trade customs, colonial legal systems, and contemporary global trade practices. This paper examines the extent to which pre-colonial African trade customs have shaped modern Nigerian commercial law, focusing on enduring principles such as contractual agreements, dispute resolution, and trade governance. Before colonialism, Nigerian societies—such as the Yoruba, Igbo, and Hausa—developed sophisticated trade systems governed by customary laws that emphasized communal trust, oral agreements, and flexible dispute resolution mechanisms. These indigenous practices were often rooted in reciprocity, ethical trade conduct, and the integration of social and economic relations. With the imposition of British colonial rule, formal legal systems were introduced, often displacing indigenous customs. However, many pre-colonial trade norms persisted, either through informal adoption or formal recognition within Nigeria’s hybrid legal system. Post-independence, Nigerian commercial law evolved to incorporate both statutory regulations and customary trade principles, particularly in areas like contract formation, agency relationships, and mercantile transactions. This paper argues that despite the dominance of Western legal frameworks, pre-colonial trade customs continue to influence modern commercial practices, particularly in rural and informal sectors. By analyzing legal statutes, judicial decisions, and anthropological studies, this research highlights the resilience of indigenous trade customs and their role in shaping a uniquely Nigerian commercial identity. The study contributes to broader discussions on legal pluralism and the integration of traditional norms into contemporary legal systems.