74 results found

In modern banking, the strategic use of mortgages stands as a reliable approach to secure and optimize depositors' funds, particularly when they are channeled into credit facilities like loans.

In a wet lease arrangement, the lessor provides not only the aircraft but also the crew, maintenance, insurance, and other operational services to the lessee.

Section 20 of the Banks and Other Financial Institutions Act (BOFIA), 2020 provides two ways banks may acquire or hold shares in other entities.

Thus, a person cannot own a land but rather is conferred with a right to occupy the land for a certain time.

Conducting a legal search at the Nigerian Land Registry is one of the most important steps when buying property. It helps you confirm ownership...

When borrowers default on loans in Nigeria's volatile credit market, lenders face a complex web of contractual rights, statutory provisions, and judicial precedents that govern security enforcement.

In this Article, our Olusina Sipasi and Merit Okafor examine the powers of the federal Inland Revenue service to recover unpaid stamp duties on dutiable instruments, especially as it relates to financing transactions.

A vessel under arrest is no longer earning, and every day it sits idle, it loses value. Ironically, vessel arrest, while intended to secure a lender’s recovery, can sometimes destroy the very asset from which that recovery depends.

It has been the practice for workers after donkey years of active service, either in the Private or Public Sector, to retire and not have a plan for life after retirement, the least of which, ought to be a roof over their heads.

There are various land documents in Lagos relevant to buying a house in Lagos Nigeria.

Representations, covenants and events of defaults (the "Core Clauses") are the foundations of loan agreements, and a number of these clauses are often found in a loan agreement.

Loans are central to modern business and banking practice, enabling businesses and individuals to finance commercial activities and contributing to economic growth.

In February 2024, the Nigerian equities market faced volatility, resulting in a N1.3 trillion loss for investors.

The move to allow retirement savings account ("RSA") holders, to finance residential mortgage with part of their pension funds, has its origin in the Pension Reform Act of 2014 (the "Act").

A ship mortgage is one of the principal instruments through which vessels are financed in international and domestic trade.

A government that offers land as security must contemplate the possibility that enforcement will place that land in someone else’s hands. If it later invokes overriding public interest to dispossess the purchaser simply because it wants the property back, the dispute concerns more than land administration. It concerns whether public power may be deployed to reverse the consequences of a commercial obligation.

On 28 January 2025, the Head of Tax Practice at AELEX, Mr. Theophilus Emuwa, voiced his concerns regarding the hidden non-tax costs that businesses in Nigeria face. He shared these insights...