Legal Aspects Of Investing In Nigeria - Dealing In Securities

By virtue of Section 26 of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Decree, any person, whether resident in or outside Nigeria, or a citizen of Nigeria or not, may deal in, invest in, acquire or dispose of, create or transfer any interest in securities and other money market instruments whether denominated in foreign currencies in Nigeria or not. Any person may also invest in securities traded on the Nigerian capital market or by private placement in Nigeria.

This article is intended to provide a general guide to the subject matter and should NOT be treated as legal advice. Specific legal advice should be sought by you about your particular case and special circumstances.

For further information/enquiries, please contact Patrick Abuka on Tel: (234)1-263 4656, 1-263 3024, 1-263 1708, 1-263 3512, 1-263 5115, 1-263 4553 or Fax No: (234) 1-263 1687, 1-263 5189