Nigeria: Insolvency/Bankruptcy

The question whether a winding-up petition can be validly instituted against a company already subject to a subsisting compulsory winding-up order raises fundamental issues within Nigerian insolvency law. It touches on the nature of winding-up proceedings, the continuing legal status of a company in liquidation, the scope of judicial control, and the extent to which creditors or other entitled parties may pursue independent remedies outside the liquidation framework.

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.

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.

The aviation sector is one of the major pillars of Nigeria's economy, connecting regions, enabling trade, and supporting tourism.

The financial health of businesses and individuals is crucial for the overall economic stability of any nation. In connection with this, a robust legal regime for bankruptcy and insolvency is imperative for maintaining...

Restructuring & Insolvency Comparative Guide for the jurisdiction of Nigeria, check out our comparative guides section to compare across multiple countries

The World Bank has estimated that micro, small and medium sized enterprises (MSMEs) represent over 95% of enterprises and account for more than 60% of employment worldwide...

For a successful debt recovery in Nigeria one must follow the steps or procedure provided by relevant laws in Nigeria.

There is a new opportunity for investment in Nigeria's power sector.