Nigeria: Finance and Banking

In a bid to align the Nigerian financial market with global standards and strengthen the efficiency of its financial market infrastructure, the Central Bank of Nigeria (CBN), in collaboration...

On April 17, 2026, the Central Bank of Nigeria (CBN) announced the introduction of the Nigerian Overnight Financing Rate (NOFR) in collaboration with the Financial Markets Dealers Association (FMDA).

On March 12, 2026, the Central Bank of Nigeria issued a directive barring commercial banks from providing new loans and specific banking services to “large-ticket obligors” who have defaulted on their existing loan obligations.

In the high-stakes world of corporate finance, the line between a “going concern” and “legal vulnerability” is often thinner than a balance sheet suggests.

On 25th August 2011, the respondent, a legal practitioner, through his law firm of Abang Ogar & Co., entered into a Consultancy Service Agreement...

When structuring a facility in leveraged finance, it is important to bear in mind that a lender's protection is only as strong as the loopholes in the financing agreement.

When borrowers default on loans in Nigeria's volatile credit market, lenders face a complex web of contractual rights, statutory provisions, and judicial precedents that govern security enforcement.

Loans are central to modern business and banking practice, enabling businesses and individuals to finance commercial activities and contributing to economic growth.

One of the common areas of dispute in commercial transactions is the right of a Mortgagee to exercise its power of sale of a mortgaged property following the Mortgagor's failure to repay a loan.

Nigeria's April 2026 policy reforms introduce sweeping changes across trade, finance, insurance and telecommunications, tightening import standards while reducing tariffs on key goods, establishing consumer protection mechanisms in insurance and digital lending, and mandating service quality compensation in telecoms.

The National Insurance Commission (NAICOM) has issued Guidelines for the Insurance Policyholders' Protection Fund (IPPF), requiring all licensed insurers and reinsurers to contribute 0.25% of their Net Premium Income to protect policyholders and beneficiaries. The Guidelines establish a comprehensive framework for funding, management, and utilization of the Fund, with strict compliance obligations and regulatory oversight.

The first era of Nigerian fintech rewarded speed. Companies that could process payments faster, designed cleaner interfaces, and deliver smoother onboarding captured users and attracted capital.