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Introduction   The Nigerian population is above one hundred and eighty three million (www.worldometers.info), and about 55% of the population have no access to grid-connected electricity (Nigeria Power Baseline Report -nesistats.org). Access to electricity in the rural areas is...

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Nigeria is a resource-rich country, but the focus has been on the production and exportation of crude oil and oil products. With the prolonged downturn in oil prices, more than ever, it is imperative for Nigeria to move from being a mono-product economy to one with a more...

A.      INTRODUCTION On April 2nd, 2015, the Securities and Exchange Commission (“SEC” or the “Commission”) as the apex regulator of the Nigerian capital market, released amendments to the existing Securities and Exchange Commission Rules and Regulations, 2013 (the “Rules”)....

INTRODUCTION The development of Secondary Mortgage Markets (SMMs) is becoming an increasingly important objective of global economies. While mortgage loans are originated in the Primary Mortgage Markets (PMMs) and involve raising capital through the use of property as security,...

Demutualization of securities exchanges has become a global trend with 55 Securities Exchanges in the world currently demutualized. The Stockholm Exchange was the first to undergo this transition in 1993, forging a path followed by many other exchanges including the London...

INTRODUCTION   The Department of Petroleum Resources (DPR) recently circulated “Guidelines and Procedures for Obtaining Minister’s Consent to the Assignment of Interest in Oil and Gas Assets” (Guidelines) to establish the procedure for obtaining consent of the Minister of...

As part of efforts to stimulate job creation, economic growth and productivity, the Central Bank of Nigeria (the CBN) recently established a N300 billion Real Sector Support Facility (the Facility). The Facility will provide access to loans of up to N 10 billion to...

1.      INTRODUCTION  In November 2014, in the midst of falling crude oil prices, the Central Bank of Nigeria (CBN) devalued the naira from N155 per US dollar to N168.[1] Since then the interbank rate at which banks trade has fluctuated between N188 to N206 per dollar.[2] In...

1.            Introduction For acquisitions in Nigeria, a key issue that resonates particularly in providing sufficient comfort to lenders in financing acquisitions is the concern of Financial Assistance. Nigerian law prohibits taking of security over the assets of a Target...

A.      Introduction One of the objectives of the electricity sector reform, which commenced in 2001, is to create efficient market structures, within clear regulatory frameworks, that encourage competitive markets for electricity generation and trading. In line with this...

BACKGROUND In most jurisdictions across the globe, the creation of security interests in moveable properties are nearly or just as common and acceptable as real property especially amongst individuals and small businesses given that such security interests are more accessible...