DETAIL’s Recommendations to the Nigerian Government Features in the Powering Africa: Nigeria Official Post Show Report
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DETAIL Hosts the Pre-Meeting Drinks Reception for 2015 Powering Africa: Nigeria Meetings
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Regulatory Amendments to Takeover Process and Impact of the New Rules
A. INTRODUCTION On April 2nd, 2015, the Securities and Exchange Commission (“SEC” or the “Commission”) as the apex regulator of the Nigerian capital market, released amendments to the existing Securities and Exchange Commission Rules and Regulations, 2013 (the...
Developing Nigeria’s Secondary Mortgage Market
INTRODUCTION The development of Secondary Mortgage Markets (SMMs) is becoming an increasingly important objective of global economies. While mortgage loans are originated in the Primary Mortgage Markets (PMMs) and involve raising capital through the use of property as...
An Overview of the SEC Rules on Demutualization of Securities Exchanges
Demutualization of securities exchanges has become a global trend with 55 Securities Exchanges in the world currently demutualized. The Stockholm Exchange was the first to undergo this transition in 1993, forging a path followed by many other exchanges including the...
DETAIL Will be Hosting the 4th Detail Business Series on Building Competitive Advantage in Fast Moving Markets By ie Business School
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Effect of Ministerial Consent Guidelines on Acquisition of Oil and Gas Assets in Nigeria
INTRODUCTION The Department of Petroleum Resources (DPR) recently circulated “Guidelines and Procedures for Obtaining Minister’s Consent to the Assignment of Interest in Oil and Gas Assets” (Guidelines) to establish the procedure for obtaining consent of the...
The Central Bank of Nigeria Introduces N300 Billion Financing for the Real Sector
As part of efforts to stimulate job creation, economic growth and productivity, the Central Bank of Nigeria (the CBN) recently established a N300 billion Real Sector Support Facility (the Facility). The Facility will provide access to loans of up to N 10 billion to...
Mitigating the Effects of Foreign Exchange Rate Risk on Business Transactions with the Use of Financial Derivatives
1. INTRODUCTION In November 2014, in the midst of falling crude oil prices, the Central Bank of Nigeria (CBN) devalued the naira from N155 per US dollar to N168.[1] Since then the interbank rate at which banks trade has fluctuated between N188 to N206 per...
Debt Pushdown: A Means to Avoid Financial Assistance?
1. Introduction For acquisitions in Nigeria, a key issue that resonates particularly in providing sufficient comfort to lenders in financing acquisitions is the concern of Financial Assistance. Nigerian law prohibits taking of security over the assets of a...