Olaniwun Ajayi LP

June 19, 2023

Foreign Exchange Rate Convergence in Nigeria

Following an announcement by President Bola Ahmed Tinubu on his administration’s plan to unify the different foreign exchange market rates, the Central Bank of Nigeria (CBN), in its Press Release...

March 8, 2023

Banking and Capital Market 2022 Wrap-Up / 2023 Outlook

The financial services sector (with the banking and capital market segments being the larger slice) of the Nigerian economy, which is a key contributor to the Gross Domestic Product (GDP),...

December 9, 2020

BOFIA-GB

The Banks and other Financial Institutions Act 2020 – Spotlight on Notable Provisions

On 13 November 2020, the President of the Federal Republic of Nigeria assented to the Bill to repeal the almost three-decade old Banks and Other Financial Institutions Act of 1991...

October 9, 2020

Netting Provisions

An Appraisal of Netting Provisions Under the Companies and Allied Matters ACT 2020

The new Companies and Allied Maters Act, 2020 (the Act or CAMA 2020), made significant amendments and introductions to the Nigerian companies’ laws, one of which is the provision for statutory enforcement...

September 17, 2020

SEC Statements on Digital Assets

Securities and Exchange Commission’s Statement on Digital Assets

Previously, digital assets such as cryptocurrencies and tokens were unregulated in Nigeria, with regulators taking a cautious approach, and urging the public to tread carefully when investing in such assets....

August 7, 2020

CBN Guide

CBN Guidelines on Global Standing Instruction for Individuals

As part of the regulatory strides to reduce the vast non-performing loans (NPLs) in the Nigerian banking system, the Central Bank of Nigeria (CBN) on 13 July 2020, published the...

July 29, 2020

NSE

Nigerian Stock Exchange Proposed Rules for Broker to Fintech Collaborations

The Nigerian Stock Exchange (NSE or the Exchange) recently released its Exposure Draft of the Proposed Rules for Broker to Fintech Collaborations (BFC or Collaboration) (the Proposed Rules). The Proposed Rules seek to regulate...

June 11, 2020

NAICOM

NAICOM Issues Circular on Segmentation of Minimum Paid up Share Capital Requirement

Following circulars released in May and December of 2019, introducing new capital requirements for insurance companies in Nigerian and extending the deadline for recapitalization, the National Insurance Commission (NAICOM) on...

June 5, 2020

WASRA

WASRA Guidelines on the Issuance of Fixed Income Securities

The Nigerian Securities and Exchange Commission (SEC or the Commission) recently published Guidelines for the Issuance of Fixed Income Securities by Statutory Bodies in West Africa Securities Regulators Association (WASRA)...

April 18, 2020

Private Equity

COVID-19: Implications, Challenges and Opportunities for Private Equity in Nigeria

Being a volatile ecosystem, susceptible to external shocks and global uncertainties, not the least because it is a mono-economy determined mainly by oil revenues, the Nigerian economy has come under...

June 19, 2023

Foreign Exchange Rate Convergence in Nigeria

Following an announcement by President Bola Ahmed Tinubu on his administration’s plan to unify the different foreign exchange market rates, the Central Bank of Nigeria (CBN), in its Press Release...

March 8, 2023

Banking and Capital Market 2022 Wrap-Up / 2023 Outlook

The financial services sector (with the banking and capital market segments being the larger slice) of the Nigerian economy, which is a key contributor to the Gross Domestic Product (GDP),...

December 9, 2020

BOFIA-GB

The Banks and other Financial Institutions Act 2020 – Spotlight on Notable Provisions

On 13 November 2020, the President of the Federal Republic of Nigeria assented to the Bill to repeal the almost three-decade old Banks and Other Financial Institutions Act of 1991...

October 9, 2020

Netting Provisions

An Appraisal of Netting Provisions Under the Companies and Allied Matters ACT 2020

The new Companies and Allied Maters Act, 2020 (the Act or CAMA 2020), made significant amendments and introductions to the Nigerian companies’ laws, one of which is the provision for statutory enforcement...

September 17, 2020

SEC Statements on Digital Assets

Securities and Exchange Commission’s Statement on Digital Assets

Previously, digital assets such as cryptocurrencies and tokens were unregulated in Nigeria, with regulators taking a cautious approach, and urging the public to tread carefully when investing in such assets....

August 7, 2020

CBN Guide

CBN Guidelines on Global Standing Instruction for Individuals

As part of the regulatory strides to reduce the vast non-performing loans (NPLs) in the Nigerian banking system, the Central Bank of Nigeria (CBN) on 13 July 2020, published the...

July 29, 2020

NSE

Nigerian Stock Exchange Proposed Rules for Broker to Fintech Collaborations

The Nigerian Stock Exchange (NSE or the Exchange) recently released its Exposure Draft of the Proposed Rules for Broker to Fintech Collaborations (BFC or Collaboration) (the Proposed Rules). The Proposed Rules seek to regulate...

June 11, 2020

NAICOM

NAICOM Issues Circular on Segmentation of Minimum Paid up Share Capital Requirement

Following circulars released in May and December of 2019, introducing new capital requirements for insurance companies in Nigerian and extending the deadline for recapitalization, the National Insurance Commission (NAICOM) on...

June 5, 2020

WASRA

WASRA Guidelines on the Issuance of Fixed Income Securities

The Nigerian Securities and Exchange Commission (SEC or the Commission) recently published Guidelines for the Issuance of Fixed Income Securities by Statutory Bodies in West Africa Securities Regulators Association (WASRA)...

April 18, 2020

Private Equity

COVID-19: Implications, Challenges and Opportunities for Private Equity in Nigeria

Being a volatile ecosystem, susceptible to external shocks and global uncertainties, not the least because it is a mono-economy determined mainly by oil revenues, the Nigerian economy has come under...