Nigeria: Financial Restructuring

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.

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.

Nigeria is notably a jurisdiction which favours creditors, particularly in the context of debts held by the Asset Management Corporation of Nigeria (AMCON), which oversees...

Following the announcement of fuel subsidy removal on 29th May 2023, during the President's inaugural speech, there has been increased hardship in Nigeria.

Corporate restructuring may be described as the process of rearranging a company's finances, operations, and management to improve its efficiency, effectiveness, and productivity.