Private Equity Co-Investments – The New Regulations for Pension Funds
Nigeria’s Pension Regulator, Pencom, has recently issued regulations permitting pension funds to co-invest in private equity funds with the expectation that, allowing pension funds to co-invest with qualifying private equity funds will increase pension fund exposure to private equity. Expectedly,...
A Highlight of Development Finance Programmes by the Central Bank of Nigeria
In furtherance of its developmental functions under section 31 of the CBN Act, the Central Bank of Nigeria (the “CBN”) has vastly expanded its lending programs to the private sector in a bit to expand productive capacity, locally. The below...
CBN’s RT200 Non-Oil Export Proceeds Repatriation Rebate Scheme
Nigeria’s Central Bank (the “CBN”) aims to increase the country’s foreign reserves by $200 billion in FX earnings from non-oil proceeds over the next (5) five years under a new export proceeds repatriation scheme.
Setting up a Venture Capital Fund in Nigeria – A Primer
Many of the venture capital funds set-up by Nigerian sponsors are tech-focused and are domiciled offshore.[1] As of December 2021, no venture capital fund has been registered with the SEC in Nigeria.
A Primer on the Rules For Setting Up Private Equity Funds in Nigeria
Many of the private equity funds set-up by Nigerian sponsors are domiciled offshore.[1] However, the SEC in Nigeria has published rules relating to the formation of private equity funds in Nigeria. As of December 2021, only 10 private equity funds...
Why Would Nigerian Courts Disagree with the Nigerian Central Bank on Cryptocurrency Regulation?
One may disagree with the approach of the Central Bank of Nigeria to regulating cryptocurrencies but Nigerian courts are not likely disagree. Here are 3 reasons why
What are the advantages of joining a Fintech Sandbox?
The Central Bank of Nigeria’s Draft Framework for Regulatory Sandbox Operations was issued on June 23rd, 2020, introducing a promising feature into the country’s rapidly evolving fintech industry. You can find a summary of the framework here, in which we...
Has a Founders’ Agreement Lost its Value?
[vc_row][vc_column][vc_column_text]Here are some of things we have learnt. If you are looking for a partner to build a tech business, the contractual foundations of your tech business are as important as building the product itself. At the core of a business relationship...
Re: The CBN Directive to Nigerian Banks on the Publication of the List of Delinquent Debtors in the Dailies: Some Data Privacy Ramifications
Nigerian banks are entering a phase of increased regulatory supervision from both banking and non-banking regulators. In particular regard to data privacy compliance, commercial banks ..
Offshore Mergers & Acquisition Regulation in Nigeria: Some “Domestic Effect” Considerations
The technical ability to clearly determine whether a proposed Offshore Merger will have a Domestic Effect under Nigerian Competition law is now a key transaction imperative for deal makers and their counsel.
Call back request
Have one of our qualified advisors contact you today.