Nigeria: Insolvency/Bankruptcy/Re-Structuring

When a company's assets are systematically stripped before creditors can enforce their rights, a critical legal question emerges: can creditors pursue independent claims against those responsible...

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.

Share Purchase Agreements (SPAs) serve as critical risk allocation tools in corporate transactions, governing the transfer of company shares between buyers and sellers. This article examines the key legal risks inherent in SPAs and explores the protective mechanisms—including representations and warranties, indemnities, conditions precedent, and escrow arrangements—that parties employ to safeguard their interests throughout the transaction lifecycle.

Navigating debt recovery in Nigeria demands sophisticated knowledge of local commercial realities and an evolving statutory landscape. This guide examines the regulatory framework, procedural pathways, enforcement mechanisms, and the critical impact of insolvency proceedings on creditor rights and recovery strategies.

When a company's assets are systematically stripped before creditors can enforce their rights, a critical legal question emerges: can creditors pursue independent claims against those responsible...

Nigeria's maritime sector faces unprecedented financial pressures from rising interest rates, currency instability, and mounting loan defaults, fundamentally reshaping how ship mortgages are enforced. The introduction of the Admiralty Jurisdiction Procedure Rules 2023 has modernized enforcement mechanisms, expanding vessel arrest powers and facilitating judicial sales as strategic tools for preserving maritime assets. How are mortgagees navigating this convergence of economic volatility and procedural innov