Nigeria: Financial Services

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.

Fidelity Bank faced a significant challenge when Envivo Communications Limited failed to repay a ₦1.7 billion loan. Through precise legal action under Nigeria's Companies and Allied Matters Act (CAMA) 2020, winding-up proceedings were initiated with meticulous procedural compliance. The court's decisive ruling resulted in a complete winding-up order and the appointment of a liquidator to recover the outstanding debt.

When DN Tyre & Rubber Plc and Greif Nigeria Plc were removed from the Nigerian Exchange Limited's Daily Official List, shareholders found their legally-owned shares suddenly untradeable.

When structuring a facility in leveraged finance, it is important to bear in mind that a lender's protection is only as strong as the loopholes in the financing agreement.

On March 24, 2026, the Central Bank of Nigeria (CBN) issued a circular on Measures to Further Deepen Diaspora Remittances and Compliance (the “Circular”).

The first quarter of 2026 brought transformative changes to Nigeria's financial sector through overlapping recapitalization programmes, heightened regulatory oversight, and rapid fintech evolution. This comprehensive review examines how strategic consolidation, capital realignment, and regulatory reforms across banking, insurance, pensions, and capital markets are collectively driving structural shifts toward enhanced governance frameworks and improved systemic resilience.

Banking regulation in Nigeria aims to ensure financial stability, protect depositors, prevent abuse of the financial system, and foster confidence in the banking sector. With increasing complexity arising...

The publication of the Fintech Report (the "Report") by the Central Bank of Nigeria on February 2, 2026 represents a significant milestone in Nigeria's fintech regulatory landscape.

This literature is a six-part series that traces, analyses, and critiques the legal, regulatory, and operational framework for aircraft financing in Nigeria following domestic adoption of the 'Cape...