ArticleConsortium Agreements: Structuring Considerations In NigeriaConsortium Agreements remain one of the crucial ways to win and execute public private partnerships and high-stakes public and private contracts.NigeriaCorporate/Commercial LawBalogun Harold Legal
ArticleUnderstanding Nigerian Partnership Structures: Types, Benefits And Legal ConsiderationsOne of the significant changes introduced by the Companies and Allied Matters Act, 2020 are the additions of Limited Partnerships and Limited Liability Partnerships to the already existing general partnership structure.NigeriaCorporate/Commercial LawFirmus Advisory
ArticleHighlights Of PENCOM's Operational Framework For The Non-Interest Fund (Fund VI)The National Pension Commission (PENCOM) recently introduced a new category of fund which complies with sharia principles of investment. NigeriaEmployment and HRAELEX
Article2024 West Africa Banking Industry Customer Experience SurveyThe macroeconomic landscape in Ghana and Nigeria has shown little improvement over the past year, continuing to impact both individual and business customers, with eroding purchasing power and...NigeriaFinance and BankingKPMG in Nigeria
ArticleCentralizing The Management Of Nigeria's Sectoral FundsNigeria operates several statutory sectoral funds, like the Nigerian Content Development Fund (NCDF). These funds are primarily sourced from mandatory contributions by industry operators, often calculated...NigeriaFinance and BankingBalogun Harold Legal
ArticleClient Update: CBN Reviews Documentation Requirements For PAPSS Transactions In NigeriaThe Pan-African Payment and Settlement System (PAPSS), launched in January 2024, is a centralized payment infrastructure designed to facilitate faster and more cost-effective cross-border trade transactions...NigeriaFinance and BankingTope Adebayo LP
ArticleCould Centralizing The Management Of Nigeria's Sectoral Funds Unlock Greater Impact?Ministries, departments and agencies of government in Nigeria operates several statutory sector-specific funds, like the Nigerian Content Development Fund (NCDF).NigeriaFinance and BankingBalogun Harold Legal
ArticleKeeping Up With Foreign Exchange Regulations: New Cbn Measures For International Money Transfer Operators (IMTOs)In an effort to improve foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN), as the primary regulator of the Nigerian banking industry...NigeriaFinance and BankingPavestones
ArticleLow Capital Adequacy Ratio And The Overriding Impact On The EconomyA key concept in banking regulation is the provision of standards or guidelines by regulators to prevent financial institutions from incurring risk-weighted assets beyond their respective risk management capacity and capital adequacy.NigeriaFinance and BankingPerchstone & Graeys
ArticleNeobanks In Nigeria: Key Considerations For Market Entry - Part IFor global Neobanks considering expansion into Africa, Nigeria presents a compelling opportunity. Through this two-part Neobanking Series, we examine some of the strategic and regulatory dimensions of Neobank...NigeriaFinance and BankingBalogun Harold Legal
ArticleNigeria's 2019 Budget - What You Need To Know!The Nigerian President, Muhammadu Buhari, today 19 December 2018 presented the 2019 Appropriation Bill ...NigeriaFinance and BankingPwC Nigeria
ArticlePresidency Signs Bill To Demutualise The Nigerian Stock ExchangeThis is in a bid to diversify the operations of the NSE and increase its access to capital.NigeriaFinance and BankingAndersen in Nigeria
ArticleRegulatory Update: CBN Revised Guidelines For Nigeria's Foreign Exchange MarketIn the bid to establish a more transparent and efficient framework for managing foreign exchange (FX) in Nigeria, the Central Bank of Nigeria (CBN) recently introduced revised guidelines...NigeriaFinance and BankingPavestones
ArticleSale Of Foreign Exchange To Bureaux De Change Operators In The Nigerian Foreign Exchange MarketPrior to November 2024, Bureaux de Change operators ("BDCs") could not access the Nigerian Foreign Exchange Market ("NFEM") to purchase foreign exchange ("FX") for sale to their customers. NigeriaFinance and BankingUdo Udoma & Belo-Osagie
ArticleSettlement At The Speed Of Trust: Nigeria’s Transition To T+1 Settlement And Why It MattersNigeria's capital market has transitioned to a T+1 settlement cycle, reducing the time between trade execution and settlement to one business day. This reform addresses counterparty risk, liquidity constraints and operational inefficiencies that persisted under the previous T+3 and T+2 frameworks, fundamentally reshaping expectations for brokers, custodians and institutional investors. NigeriaFinance and BankingStren and Blan Partners
ArticleSignificant Economic Presence – Impact On Companies In The Consumer Market And Financial Services SectorsPrior to the enactment of the Finance Act, 2019, Section 13 of the Companies Income Tax Act as amended, provided the basis for the taxation of the profits of non-resident companies in Nigeria.NigeriaFinance and BankingAndersen in Nigeria
ArticleSnapshots Of The Review Of The Minimum Capital Requirement For Microfinance Banks In NigeriaOn October 22, 2018, the Central Bank of Nigeria (CBN) issued a circular pursuant to its Microfinance Policy, Regulatory and Supervisory Framework (April 2011). NigeriaFinance and BankingPerchstone & Graeys
ArticleTax Series: Highlights Of The Finance Bill 2022On the 3rd of January 2023, President Muhammadu Buhari signed the 2023 Appropriation Bill for the implementation of the National Budget (the "Budget") into law. One of the key things that stood out...NigeriaFinance and BankingUdo Udoma & Belo-Osagie
ArticleDoing Business In NigeriaWith a nominal GDP of over $492 billion (2016) and a more than 180-million strong youthful population, Nigeria, is both Africa's biggest economy and the most populous black nation on earth.NigeriaCorporate/Commercial LawBanwo & Ighodalo