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...
The Declaration of Transitional Electricity Market (TEM) and Stakeholder Expectations for the Nigerian Electricity Supply Industry (NESI)
A. Introduction One of the objectives of the electricity sector reform, which commenced in 2001, is to create efficient market structures, within clear regulatory frameworks, that encourage competitive markets for electricity generation and trading. In line with...
Collateral Registry Regulation: Impact on Micro, Small and Medium Enterprises’ Access to Finance
BACKGROUND In most jurisdictions across the globe, the creation of security interests in moveable properties are nearly or just as common and acceptable as real property especially amongst individuals and small businesses given that such security interests are more...
Strata Title and the Nigerian Real Estate Sector
1. INTRODUCTION Strata title is a hybrid property ownership scheme that combines individual and communal interest in land and improvements thereon in a clearly severable manner. It takes the form of land and buildings subdivided into units/lots which are held...
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...
Pioneer Status in Nigeria: Recent Developments and Effects on Investments in Nigeria
Background At the end of the Federal Government’s State Visit to Beijing, China in July 2013, while addressing the international media on the attractions of Nigeria as an investment haven, the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga,...
Key Commercial Issues Arising from the Guidelines on the Farm Out and Operation of Marginal Fields 2013
BACKGROUND Sequel to the announcement of the Marginal Fields Licensing Round 2013 (“Licensing Round”) by the Minister of Petroleum Resources, the Department of Petroleum Resources (“DPR”) released the Guidelines for Farmout and Operation of Marginal Fields (“the...
DETAIL Receives Century International Quality Era Award
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