This paper examined the challenges bedevilling the development of legal framework for the electronic commercial transactions (e-commerce transactions) in Nigeria. Nigeria is yet to enact specific legislation to regulate electronic commerce in its jurisdiction despite the geometrical rate of growth and adoption of this method of trade. It specifically posed a great challenge looking at the actual and potential issues in e-commerce in Nigeria. The author in this work, traced the origin and development of e-commerce and the attendant laws applicable in Nigeria, examining their sufficiency or otherwise. In carrying out the research work, doctrinal mode of legal research was adopted, examining both primary and secondary sources of legal research materials within their contextual meanings. It was found that the failure to enact a law which has direct regulatory bearing on e-commerce in Nigeria has led to adoption and application of old circumstantial laws, rules and common law principles to tackle the contemporary problems arising out of electronic commercial transactions, especially in the areas of taxation, evidential and jurisdictional challenges. It was ultimately suggested that there is urgent need to revisit and enact into law, the Electronic Transaction Bill which had already been passed by the National Assembly since 2017.