Africa: Finance and Banking

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Finance law and banking law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital adequacy, BASEL, acquisition finance, debt capital markets, fund finance, islamic finance, securitization and structured finance.
Article
Presidential Executive Order Boosts Virtual Assets Regulation In Nigeria
President Bola Ahmed Tinubu has signed a Presidential Executive Order establishing Nigeria's first coordinated national framework for virtual assets regulation. The Order creates a Virtual Asset Council comprising the CBN, SEC, NRS, NFIU and ONSA to harmonize oversight, clarify regulatory responsibilities, and eliminate fragmented supervision across digital asset activities. How will this institutional restructuring impact VASPs, market participants, and the broader Nigerian digital assets ecosystem?
Nigeria Finance
BI
Banwo & Ighodalo
Article
PENCOM’s 24-months Forbearance For PFA Investments In PFC Parent Company Securities: Legal And Commercial Implications
Nigeria's National Pension Commission has extended regulatory forbearance allowing Pension Fund Administrators to invest in securities issued by parent companies of their Pension Fund Custodians. This carefully calibrated relaxation of related-party investment constraints creates new opportunities while maintaining strict governance requirements and exposure limits to protect retirement savings.
Nigeria Finance
UU
Udo Udoma & Belo-Osagie
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Debt Capital Markets

Article
The Limited Rights Of A Garnishee In Garnishee Proceedings: A Brief Review Of The Case Of Access Bank Plc vs. Emmanuel Ikpon
One of the challenges encountered while trying to enforce monetary judgments in Nigeria by way of garnishee proceedings is that often, garnishee banks feel obligated to stonewall the judgment enforcement process by asserting certain rights or interests over judgment sums standing in the credit of judgment debtors in their custody.
Nigeria Litigation
OA
Odujinrin & Adefulu
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Fund Finance

Article
Fund Finance Laws And Regulations 2026 – Mauritius
The Mauritius fund industry demonstrated significant resilience and adaptability in 2025, successfully navigating a complex period of global tax reform and heightened regulatory standards. The year was defined by the integration of the 2025 Finance Act’s new tax framework (including the Qualified Domestic Minimum Top-Up Tax, or QDMTT) and a reinforced focus on economic substance, such as the two resident director rule for global business companies (GBCs).
Mauritius Finance
A
Appleby
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Fund Management/ REITs

Article
SEC’s Guidelines On Revised Minimum Capital Requirements For Capital Market Operators
Nigeria's Securities and Exchange Commission has introduced new capital adequacy rules for fund managers and private capital participants, establishing tiered minimum capital requirements based on assets under management. The guidelines clarify what constitutes qualifying capital, outline compliance pathways including cash injection and securities transfer, and set a June 2027 deadline for full implementation.
Nigeria Finance
UU
Udo Udoma & Belo-Osagie
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Securitization & Structured Finance

Article
CBN Caps Stay Period for Termination Rights and Payment Obligations under BOFIA at Two Business Days
The Central Bank of Nigeria has issued new guidance clarifying that suspensions of payment obligations and termination rights under financial contracts involving Nigerian banks will not exceed two business days. This interpretative circular addresses a critical gap in the Banks and Other Financial Institutions Act, 2020, providing certainty for counterparties trading derivatives, repos, and other financial instruments with CBN-regulated institutions.
Nigeria Finance
UU
Udo Udoma & Belo-Osagie
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Latest Videos

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