Nigeria: Debt Capital Markets

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

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.

The age-old legal maxim: interesse rei publicae ut sit finis litium, meaning “it is in the public interest that there be an end to litigation,” does not always reflect the post-judgment reality in Nigeria.

Nigeria's regulatory landscape has shifted materially in 2025 and entered full implementation in January 2026.

In January 2026, the Nigerian Securities and Exchange Commission (the "Commission") issued a circular that significantly increased the minimum capital requirements for Capital Market Operators (CMOs).

On 16 January 2026, the Securities and Exchange Commission ("SEC" or "the Commission") issued Circular No. 26-1 pursuant to its regulatory powers under the Investments and Securities Act, 2025.

The surest way to preserve a debtor's property from dissipation is that the property be attached by a Court order against eventual disposal while proceedings...

Several laws and regulations govern the business sectors in Nigeria. Some of these laws stipulate the minimum share capital required of businesses. Consequently, when a company fails to meet the minimum.

Nigeria's Fintech revolution is unstoppable, but so are the regulators. With over 430 companies now transforming how money moves, from digital banking and mobile payments to blockchain...