Nigeria: Finance and Banking

In a bid to align the Nigerian financial market with global standards and strengthen the efficiency of its financial market infrastructure, the Central Bank of Nigeria (CBN), in collaboration...

On April 17, 2026, the Central Bank of Nigeria (CBN) announced the introduction of the Nigerian Overnight Financing Rate (NOFR) in collaboration with the Financial Markets Dealers Association (FMDA).

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.

A loan officer approves a facility for a long-standing customer, a trusted SME owner known for never defaulting. The business seems healthy, projections are strong, and the numbers look promising.

The Central Bank of Nigeria, in collaboration with the Financial Markets Dealers Association, has introduced the Nigerian Overnight Financing Rate (NOFR) as Nigeria's new overnight interbank benchmark.

In the high-stakes world of corporate finance, the line between a “going concern” and “legal vulnerability” is often thinner than a balance sheet suggests.

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 borrowers default on loans in Nigeria's volatile credit market, lenders face a complex web of contractual rights, statutory provisions, and judicial precedents that govern security enforcement.

Loans are central to modern business and banking practice, enabling businesses and individuals to finance commercial activities and contributing to economic growth.

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.

Women across the globe are rising into leadership positions with remarkable intensity and brilliance, yet beneath their excellence lies an unspoken fatigue from carrying the weight of holding everything together. This exploration examines how the family office model can provide African women leaders with the support ecosystems they need to protect their resilience rather than drain it, creating sustainable structures that allow them to thrive without exhaustion.

Nigeria's Securities and Exchange Commission has introduced revised minimum capital requirements for capital market operators, creating new compliance obligations and potential penalties for firms operating in the securities industry. This regulatory update affects various market participants including broker-dealers, investment advisers, and other licensed entities who must now assess their capital adequacy and plan for compliance within specified timelines.