Nigeria: Finance and Banking

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Finance law and banking law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital adequacy, BASEL, acquisition finance, debt capital markets, fund finance, islamic finance, securitization and structured finance.
Article
CBN Regulatory Sandbox Cohort 2.0: A New Pathway For Virtual Asset And Stablecoin Innovation In Nigeria
The Central Bank of Nigeria has launched Cohort 2.0 of its Regulatory Sandbox Programme, introducing two specialized tracks for testing innovative financial solutions. The VASP Track focuses on virtual assets and stablecoins, while the Non-VASP Track covers data-enabled financial services including Open Banking and payment initiation. Applications are open from August 12-31, 2026, offering eligible innovators a controlled environment to test their products under CBN supervision.
Nigeria Finance
UU
Udo Udoma & Belo-Osagie
Article
When A Banking Partner Loses Its Licence: What The CBN’S Revocation Of 46 MFB Licences Means For Fintech Resilience And Customer Funds
When the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks in July 2026, fintech companies relying on these institutions for customer accounts and settlement infrastructure faced immediate operational disruption. This analysis examines the regulatory grounds for revocation, the deposit insurance framework administered by the NDIC, and the critical due diligence and resilience measures fintech companies must implement when their products depend on regulated banking partners.
Nigeria Finance
TA
Tope Adebayo LP
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Related Country Guides

PF
Project Finance

Capital Adequacy/BASEL

Article
Regulatory Update: Sec Issues Circular On Revised Minimum Capital (Mc) For Regulated Capital Market Entities
On 16th January 2026, the Securities and Exchange Commission (the “SEC”) released Circular Number 26-1 on the revision of Minimum Capital (MC) applicable to all categories of regulated capital market entities and this Circular seeks to strengthen market resilience, enhance investor protection, align capital adequacy with the evolving risk profile of market activities, and ensure that regulated entities possess sufficient financial capacity to discharge their obligations in a sustainable manner.
Nigeria Finance
SA
S.P.A. Ajibade & Co.
Article
NEW RULES, HIGHER STAKES: What CBN's Proposed Financial Holding Company Guidelines Mean For Your Company
Nigeria's Central Bank has proposed sweeping reforms to its financial holding company framework, introducing stricter capital requirements, enhanced governance standards, and tighter controls on intra-group transactions. Will these changes strengthen the resilience of banking groups or impose excessive regulatory burdens on an already complex financial sector?
Nigeria Finance
DC
DCSL Corporate Services Limited
Article
CBN Caps Stay Period for Termination Rights and Payment Obligations under BOFIA at Two Business Days
The Central Bank of Nigeria has issued new guidance clarifying that suspensions of payment obligations and termination rights under financial contracts involving Nigerian banks will not exceed two business days. This interpretative circular addresses a critical gap in the Banks and Other Financial Institutions Act, 2020, providing certainty for counterparties trading derivatives, repos, and other financial instruments with CBN-regulated institutions.
Nigeria Finance
UU
Udo Udoma & Belo-Osagie
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Debt Capital Markets

Article
Building On Series I: Federal Government Set To Issue ₦729 Billion Series II Bond To Deepen Liquidity Restoration In Nigeria’s Power Sector
Nigeria's Federal Government has announced plans to raise ₦729 billion through a Series II bond under the Presidential Power Sector Debt Reduction Programme, building on the successful ₦501 billion Series I issuance earlier in 2026. While these capital market interventions aim to resolve verified legacy liabilities and restore liquidity across the Nigerian Electricity Supply Industry, the underlying question remains whether debt resolution alone can break the cycle of accumulating obligations wi
Nigeria Energy
TA
Tope Adebayo LP
Article
The Limited Rights Of A Garnishee In Garnishee Proceedings: A Brief Review Of The Case Of Access Bank Plc vs. Emmanuel Ikpon
One of the challenges encountered while trying to enforce monetary judgments in Nigeria by way of garnishee proceedings is that often, garnishee banks feel obligated to stonewall the judgment enforcement process by asserting certain rights or interests over judgment sums standing in the credit of judgment debtors in their custody.
Nigeria Litigation
OA
Odujinrin & Adefulu
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Charges, Mortgages, Indemnities

Article
Corporate Debt Recovery In Nigeria: A Guide For Foreign Investors And Creditors
Foreign investors engaging with Nigerian companies face unique challenges when recovering debts or protecting investments during financial distress. This comprehensive guide examines the legal framework under CAMA 2020, exploring restructuring mechanisms, enforcement of security interests, winding-up procedures, and cross-border insolvency considerations that shape debt recovery strategies in Nigeria's evolving commercial landscape.
Nigeria Insolvency
Adeola Oyinlade & Co
Article
Ship Financing In Nigeria: Why Most Vessel Loans Fail And What Banks, Shipowners And Regulators Must Do Differently
Nigeria's maritime economy faces a critical challenge in ship financing, where decades of failed vessel loans have left banks wary and shipowners struggling. With the Cabotage Vessel Financing Fund preparing for activation, understanding why previous maritime financing interventions collapsed and how to structure bankable transactions has become essential for both lenders and indigenous operators seeking to build a competitive fleet.
Nigeria Finance
OA
Olisa Agbakoba Legal (OAL)
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Financial Services

Article
CBN Regulatory Sandbox Cohort 2.0: A New Pathway For Virtual Asset And Stablecoin Innovation In Nigeria
The Central Bank of Nigeria has launched Cohort 2.0 of its Regulatory Sandbox Programme, introducing two specialized tracks for testing innovative financial solutions. The VASP Track focuses on virtual assets and stablecoins, while the Non-VASP Track covers data-enabled financial services including Open Banking and payment initiation. Applications are open from August 12-31, 2026, offering eligible innovators a controlled environment to test their products under CBN supervision.
Nigeria Finance
UU
Udo Udoma & Belo-Osagie
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Latest Videos

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