Africa: Finance and Banking

In 2024, the Nigerian banking and finance sector experienced significant regulatory changes driven by the Central Bank of Nigeria ("CBN").

The Kimberley High Court recently confirmed that an account holder who uses funds in a bank account that do not belong to them will be liable for the loss suffered.

Following the progressive advancement in technology wherein funds are now transferred digitally without the need to visit a formal banking hall setting, incidents of erroneous transfer of funds are prevalent and inevitable.

Making money is one thing, but keeping it? That's a whole different ball game—worms like inflation, currency depreciation, policies and a few other, always feel entitled to bite into your fortune.

ZAR 475 million, ZAR 210 million, ZAR 59 million, these are not lottery-winning jackpot amounts. They are some of the eye-watering administrative penalties that have recently been imposed by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) (together, the Regulators) during 2024 on (i) the late Mr Jooste for perpetrating insider trading...

Conduct a thorough valuation of the portfolio assets being transferred to determine their fair market value. This provides the pricing mechanism for the continuation fund.

Capital Markets Comparative Guide for the jurisdiction of South Africa, check out our comparative guides section to compare across multiple countries

Going public is a significant milestone for any private company, offering access to capital, increased visibility, and enhanced credibility.

Capital Markets Comparative Guide for the jurisdiction of Nigeria, check out our comparative guides section to compare across multiple countries

As Africa's largest economy and most populous nation, Nigeria continues to attract global interest as a strategic destination for investment.

Operating a business in Nigeria entails more than the delivery of quality goods or services; it also demands strict adherence to applicable tax laws and regulations.

The investment and Securities Act (ISA) 2024 was signed into law by President Bola Tinubu in March 2025. The Act repealed the Investment and Securities Act (ISA) 2007.