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Garnishee Proceedings as a means of enforcing monetary judgment in Nigeria is chaotic and difficult. It has become more of a fishing expedition wherein a judgment creditor will garnish all the commercial Banks in the country with the hope of striking gold by finding monies belonging to the judgment debtor in one or more of the garnished Banks.

Following feedback received from stakeholders on its Circular of December 6, 2022 ("earlier Circular"), the Central Bank of Nigeria ("CBN"),...

A recurring question in Nigerian real estate practice is whether a seller of land can lawfully accept cash payment from a buyer for the transfer of property. For decades, many Nigerians...

The Central Bank of Nigeria (CBN) introduced regulations and guidelines for the licensing and operations of Payment Service Banks (PSBs) in the country.

Project finance transactions are, by their nature, capital-intensive and typically funded through a combination of debt instruments drawn from multiple sources: senior lenders, mezzanine financiers, subordinated creditors, and increasingly, development finance institutions.

On 19 December 2019, the United Nations designated December 4 as the International Day of Banks.

Obtaining a moneylender's license is a prerequisite to operating as a moneylender in Nigeria. A company seeking to function as a moneylender must apply to the relevant authority for a moneylending license

A mortgage is a conveyance or lien over a property for the security of the repayment of a loan facility, which is discharged after the liquidation of the loan facility.

The world over, investing in real estate is ordinarily done using direct methods such as purchasing, building, licensing and leasing out properties and earning returns therefrom. The advent of real estate investment trusts...

The run up to the collapse of Lehman Brothers was fraught with confusion, panic, and several last minute attempts at saving the bank.

The business of lending in Nigeria has evolved from the traditional system to a more flexible and digitally enabled system for a faster and more convenient process.

In furtherance of its cashless policy, on December 6, 2022, the Central Bank of Nigeria ("CBN"), via a Circular referenced BSD/DIR/PUB/LAB/015/069 and titled "Naira Redesign Policy...

Blended finance, is a smart investment method that combines money from the government or charities with private business capital. Its main goal is to push private investment into "frontier" or emerging markets and places that businesses usually avoid because they seem too risky or do not offer high enough returns.

The Nigerian banking and financial services landscape underwent a period of regulatory transformation in 2025. This transformation was primarily driven by concerted efforts by key...

Dr Martin Tallhause looked out of his 15th-floor office window at the busy façade of the hustle and bustle of Ikoyi. He looked like he had just seen a ghost...

The fiscal and finance sector is a critical domain driving economic growth and stability in the bustling landscape of Abuja, Nigeria.

The financial sector - banking, capital markets and securities, insurance, as with any other sector of the economy, is vital to Nigeria's growth and development, thus it is crucial to properly safeguard it by means of laws, adequate supervision and monitoring.