Merge, Align or Die: CBN’s Directive on Mergers and Acquisitions to Microfinance Banks

In an industry circular dated October 22, 2018, the CBN announced an increase in the regulatory share capital requirement of microfinance banks (MFBs) in Nigeria, across unit, state and national license categories. With this requirement, the CBN intends to drive a further consolidation of the MFB sub-sector of Nigeria’s financial services industry through mergers & acquisitions and direct injection of funds….

November 2, 2018
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Beyond Macro-Economics: The Other Reason Why Foreign Direct Investment in Nigeria’s Insurance Sector Is An Increasingly Compelling Value Proposition

Other than an increasingly stable macro-economic environment, a growing middle class, large infrastructure and energy plays, steady increases in premium volumes and penetration rates, we consider the regulatory approach of Nigeria’s National Insurance Commission, (NAICOM), the other big driver of growth in the insurance sector and the additional reason why a strategic decision to invest…

August 13, 2018
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CBN Regulations for Transactions with Authorised Dealers in Renminbi – Key Commercial Considerations for China Nigeria Importers
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August 3, 2018
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Legal & Regulatory Framework for Foreign Investment in Micro-Insurance Business in Nigeria
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August 3, 2018
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Structuring Bancassurance Distribution Arrangements in Nigeria: Key Commercial Considerations
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August 2, 2018
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Our Review of the Legal Framework for Bancassurance Business in Nigeria
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August 2, 2018
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A Review of the Legal & Regulatory Framework for Insurance Mergers & Acquisitions in Nigeria
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August 2, 2018
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The New Multi-Fund Structure for Management of Pension Funds in Nigeria – Key Implementation Considerations for Pension Fund Managers
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May 9, 2018
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Banking Regulation in Nigeria 2018 – An Overview of the Changing Regulatory and Operational Framework
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March 14, 2018
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Regulatory Framework for Operating an Investment Bank in Nigeria – Structuring Considerations
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January 30, 2018
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