A Dynamic Approach to Capitilisation: Understanding the Implications of Revised Minimum Capital Requirements from the Market Regulators
The Securities and Exchange Commission (the “SEC”) issued the Revised Minimum Capital for Regulated Capital Market Entities (the “Circular”) on January 16, 2026, to repeal the Minimum Capital Requirement for Capital Market Operators (CMOs), which the SEC had earlier issued in 2023.
The Limited Rights of a Garnishee in Garnishee Proceedings: A Brief Review of the Case of Access Bank Plc vs. Emmanuel Ikpon.
One of the challenges encountered while trying to enforce monetary judgments in Nigeria by way of garnishee proceedings is that often, garnishee banks feel obligated to stonewall the judgment enforcement process by asserting certain rights or interests over judgment sums standing in the credit of judgment debtors in their custody.
The New Collateral: Leveraging Intellectual Property Rights as Security in Nollywood Financing
Nigeria’s film industry, popularly known as Nollywood, has grown into a global cultural and economic force. It is currently the second-largest film industry in the world by volume, producing over 2,500 films annually.
From Reserves to Renewables: Rethinking Energy Finance Beyond Reserve-Based Lending (RBL)
Over the years, exploration and production (“E&P”) companies have relied on a range of traditional financing mechanisms to fund acquisitions and develop projects. Among these mechanisms, Reserve-Based Lending (“RBL”) has emerged as a distinctive and increasingly utilised financing option within the oil and gas industry.
Nigeria’s 2025 Petroleum Licensing Round: Strategic Takeaways for Upstream Investors
As part of ongoing efforts to advance the
development of Nigeria’s prospective petroleum basins, the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or “Commission”) launched the 2025 Petroleum Licensing Round (“Licensing Round”), on December 1, 2025. This marks the third in a series of licensing rounds conducted since the enactment of the Petroleum Industry Act, 2021 (“PIA”) , and covers 50 oil blocks comprising 15 onshore, 19 shallow-water, 15 frontier, and 1 deep offshore.
The Role of Regional Trade Agreements in Business Dispute Resolution in Africa
The evolving business climate in Africa is experiencing rapid growth in cross-border trade, regional integration and multilateral alliance. In its many shades, intra-African trade has become increasingly attractive for regional and foreign investment – and for good reason. Cross-border investment allows for significant exchange of business ideas, expertise and collaborative economic progress as local markets increasingly connect with global value chains.
The Nigerian Economic Outlook (2026)
In 2025, the Nigerian economy was defined by gradual economic diversification, strengthened financial regulation, improved oil production and export revenues, slightly lower inflation compared with 2024. This was due to monetary policy measures introduced by the Central Bank of Nigeria (CBN), more stable exchange rate supported by improved oil export revenues, and tighter foreign exchange management by the CBN, among others. Despite the positive developments, economic growth was constrained by exposure to global economic fluctuations, insecurity, inadequate power supply, and substantial debt obligations, among other factors.
When Fiscal Reforms Collide: Reconciling The Petroleum Industry Act and The Nigeria Tax Act on Decommissioning and Abandonment Funds
Green Bonds have emerged as a vital instrument for financing sustainability, placing Nigeria at the forefront of Africa’s green finance landscape through innovative issuances and progressive legislation. However, the growing risk of greenwashing highlights the critical need for robust documentation and regulatory compliance. In our latest article, we explore Nigeria’s legal framework for green finance, the challenges posed by greenwashing, and the essential role lawyers play in safeguarding the integrity and credibility of sustainable finance.
Celebrating Excellence: Odujinrin & Adefulu Recognised at the 2025 ESQ Nigerian Legal Awards
Green Bonds have emerged as a vital instrument for financing sustainability, placing Nigeria at the forefront of Africa’s green finance landscape through innovative issuances and progressive legislation. However, the growing risk of greenwashing highlights the critical need for robust documentation and regulatory compliance. In our latest article, we explore Nigeria’s legal framework for green finance, the challenges posed by greenwashing, and the essential role lawyers play in safeguarding the integrity and credibility of sustainable finance.
Nigerian Insurance Industry Reform Act 2025: What is New? Part 5
Green Bonds have emerged as a vital instrument for financing sustainability, placing Nigeria at the forefront of Africa’s green finance landscape through innovative issuances and progressive legislation. However, the growing risk of greenwashing highlights the critical need for robust documentation and regulatory compliance. In our latest article, we explore Nigeria’s legal framework for green finance, the challenges posed by greenwashing, and the essential role lawyers play in safeguarding the integrity and credibility of sustainable finance.