Nigeria: Securitization & Structured Finance

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.

When a company enters receivership, control typically shifts to the receiver—but what happens when the very basis of that control is challenged?

The activation of Nigeria's Cabotage Vessel Financing Fund in 2026 presents unprecedented opportunities for indigenous shipowners, but also significant recovery challenges for lending institutions.

At some point in the life cycle of any business, the decision to acquire or divest business lines may be made in order to create synergies or improve financial performance.

The run up to the collapse of Lehman Brothers was fraught with confusion, panic, and several last minute attempts at saving the bank.

In light of the recent global and economic financial crisis, particularly in Nigeria, business enterprises and Governments alike have realized the important need to diversify in the area of raising capital to finance capital projects.