Analysis of CBN’s New Regulations on Cash Management and Dual Connectivity of Payment Terminals
Nigeria’s payment landscape is once again at a critical turning point. In response to recurring cash management challenges, POS network failures, and systemic vulnerabilities within the payments ecosystem, the Central Bank of Nigeria (CBN) has issued two significant...
Detail Commercial Solicitors Advised Transgrid Enerco Limited on the Completion of ₦416 Billion ($290 Million) Acquisition of a Controlling Stake in Eko Electricity Distribution Company
Detail Commercial Solicitors (DETAIL) acted as legal advisers to Transgrid Enerco Limited, on the successful completion of its acquisition of a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo) — Nigeria’s second-largest electricity distribution...
Analysis of Nigeria’s Draft National Carbon Market Framework
Nigeria’s newly approved National Carbon Market Framework (NCMF) by President Bola Ahmed Tinubu on 31 October 2025, signals a bold shift toward a more coordinated, credible, and investment-ready carbon market. Anchored on Nigeria’s obligations under the Paris...
Detail Commercial Solicitors Advises Falcon Corporation Limited on the Sale of its Equity Stake and Mezzanine Capital Investment by Energy& LLP
Detail Commercial Solicitors (DETAIL) acted as Legal Counsel to Falcon Corporation on its divestment of equity stake and a mezzanine capital injection by Energy& LLP, marking a significant milestone in Falcon’s growth trajectory and Nigeria’s gas sector. Falcon...
UNPACKING THE 10 MAJOR SHIFTS IN NIGERIA’S NEW TAX ACTS
In August 2023, President Bola Ahmed Tinubu inaugurated the Fiscal Policy and Tax Reforms Committee (“the Committee”) with a mandate to undertake a comprehensive overhaul of Nigeria’s tax system. Pursuant to this mandate, the Committee developed four major tax reform...
Detail Commercial Solicitors Advises on ₦5 Billion Debt Facility between United Capital Infrastructure Fund and Husk Power to Scale Solar Mini-Grids in Nigeria
Detail Commercial Solicitors is pleased to have advised the lender, United Capital Infrastructure Fund (UCIF), on its landmark ₦5 billion debt facility to Husk Power, the world’s largest private-sector mini-grid operator. The transaction represents the first local...
Detail Commercial Solicitors Advised on Elektron Finance SPV Plc’s ₦4.64 Billion Infrastructure Bond Issuance
Detail Commercial Solicitors (DETAIL) acted as Solicitor to the Issue of the ₦4.64 Billion Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond issued by Elektron Finance SPV Plc, a funding vehicle established by Elektron Energy Development Strategies Limited....
PEVCA 2025 MID-YEAR REVIEW AND STRATEGIC OUTLOOK (Antitrust Considerations in PE Buyouts: Deal Clearance Under the Federal Competition and Consumer Protection Act)
Private Equity (PE) buyouts are reshaping Nigeria’s deal landscape, but as transactions grow in scale and complexity, they’re also attracting closer antitrust scrutiny. Under Nigeria’s Federal Competition and Consumer Protection Act (FCCPA), even deals that don’t...
REVOLUTIONIZING FINANCIAL SERVICES: THE FULL ROLLOUT OF OPEN BANKING IN NIGERIA
With the full rollout of Open Banking scheduled for August 2025, in this newsletter, we explore the intricacies of this pivotal development, exploring its foundational concepts, the framework guiding its implementation, and the profound implications for financial...
SEC GUIDANCE NOTE TO CAPITAL MARKET OPERATORS AND PUBLIC COMPANIES ON THE CIRCULAR REGARDING BOARD APPOINTMENTS AND DIRECTOR TENURE
The Securities and Exchange Commission (SEC) has released a fresh Guidance Note clarifying its recent Circular on the Transmutation of Independent Non-Executive Directors and Tenure of Directors. This development has far-reaching implications for Capital Market...