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Thought Leadership
Assessing Key Man Risk for Limited Partners in Africa-focused Private Equity Funds
Limited partners investing in Africa-focused private equity and venture capital funds are increasingly prioritising key
New Minimum Share Capital Requirements For Nigerian Banks: Some Legal Considerations for Bank Investors and Shareholders
The latest central banking policy decision facing commercial banks in Nigeria is a new policy mandating commercial banks to increase the regulatory share capital for carrying on the business of banking in Nigeria by up to a factor of 10[1].
Debt-for-Nature Swaps in Nigeria: Key Commercial Considerations
Especially for developing countries in Africa, debt-for-nature swaps are great tool for sovereigns to replace expensive debt and to put increasing sovereign debt levels in check. This is a simplified & practical insight into the workings of debt-for-nature swap transactions
FX Liquidity: Driving Growth through Non-Resident Accounts
In this update, we reflect on some learnings from recent corporate financing and fund formation
Foreign Direct Investments in Nigeria – Policy Updates: 2023/24
Compared to other African countries, Nigeria has one of the most investment-friendly laws and continues to be an attractive destination for foreign direct investments in Africa. More than previously, attracting FDI inflows is top priority for the administration of Nigeria’s
Immunity of the Central Bank: Legal Issues Arising
The recent suspension and subsequent arrest of Nigeria’s central bank Governor and some Deputy Governors, as well as the appointment of an independent panel to investigate allegations of fraud within the Central Bank, raises some legal issues as to the
Finance Act 2023: Key Updates to Nigeria’s corporate tax regime
This legal update provides a high-level summary of the changes made by the Finance Act 2023 which became effective as of May 1, 2023. Businesses are advised to consult with their legal advisors for professional guidance to ensure compliance with
Doing Business in Nigeria Using Joint Venture Structures
Joint ventures have proven to be a highly resilient market-entry structure for conducting business in Nigeria. These strategic partnerships allow foreign businesses to collaborate with local partners, not only to share investment burdens, risks, and costs but also to effectively
A Highlight of the Key Protections for Private Asset Management Companies
The Bank and other Financial Institutions Act 2020 (the “BOFIA 2020”) provides a number of
Recent Changes to the Operation of Domiciliary Accounts in Nigeria
As part of efforts to unify the foreign exchange market in Nigeria, the Nigerian Central