Nigeria: Financial Services

A claimant secured a Mareva injunction against Fidelity Bank through material non-disclosure, attempting to enforce an arbitral award from proceedings the bank never participated in.

Nigeria's diaspora remittance inflows are one of the largest in sub-Saharan Africa, consistently contributing billions of dollars annually to gross foreign exchange inflows. Despite this, informal channels and pricing opacity have historically diverted a material portion of these inflows away from the Nigerian Foreign Exchange Market (“NFEM”), thereby weakening the Central Bank of Nigeria’s (“CBN”) ability to monitor and price the market accurately.

Land or property acquisition through mortgages in Nigeria is an attractive option for individuals who prefer to spread payments for the property over time rather than pay the full price up front. A mortgage is a long-term loan secured for the purpose of acquiring land or property. It is a legal arrangement where the property serves as the collateral for the loan, with the lender having the right to enforce or sell the property if the borrower defaults in repaying the loan over the agreed period(s).

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.

Air transportation is easily one of the most incredible and remarkable innovations in the history of man. It has redefined how people and goods move across the world, offering the highest level of speed and flexibility amongst various travel options. Yet, this convenience comes at the indispensable cost of being the most expensive travel option available.

On March 12, 2026, the Central Bank of Nigeria issued a directive barring commercial banks from providing new loans and specific banking services to “large-ticket obligors” who have defaulted on their existing loan obligations.

In practical terms, the Guidelines introduce a significant recalibration of the prudential baseline for a broad range of operators. The reforms affect not only firms seeking new registration...

You have likely heard the saying, "the rich keep getting richer." One of the reasons often attributed to this is their ability to access debt easily and use borrowed capital to expand their businesses and investments efficiently.

Financing is an important component of every company's formation and growth. For early-stage companies...