Nigeria: Charges, Mortgages, Indemnities

Nigeria's Cabotage Vessel Financing Fund offers a $700 million opportunity for indigenous shipowners, but accessing these funds requires far more than completing an application form. Understanding what lenders evaluate—from repayment capacity and corporate structure to security arrangements and vessel revenue streams—can mean the difference between a rejected application and successful financing.

The Supreme Court's decision in 11 PLC v. Milan Industries Ltd raises critical questions about the constitutional validity of statutory ouster clauses that restrict judicial remedies. While upholding AMCON's powers to enforce mortgage securities and sell collateralized assets, the court controversially held that Section 34(6) of the AMCON Act validly ousts courts' jurisdiction to grant restorative reliefs, limiting aggrieved parties to monetary compensation only. This interpretation conflicts with constitut

Foreign investors engaging with Nigerian companies face unique challenges when recovering debts or protecting investments during financial distress. This comprehensive guide examines the legal framework under CAMA 2020, exploring restructuring mechanisms, enforcement of security interests, winding-up procedures, and cross-border insolvency considerations that shape debt recovery strategies in Nigeria's evolving commercial landscape.

In Part 1 of our Neobanking Series, we explored some of the strategic considerations that make Nigeria a compelling destination for global Neobanks.

The Central Bank of Nigeria (CBN) in February 2024 shared the exposure draft for the revised regulatory and supervisory guidelines for Mortgage Refinance Companies (MRCs) in Nigeria.

The enactment of the Petroleum Industry Act (PIA) 2021 and the subsequent Nigerian Upstream Petroleum (Assignment of Interests) Regulations...

Buying a house either for investment, commercial purpose or residential purpose in Lagos Nigeria involves a series of legal procedures to ensure a smooth and secure transaction.

On May 22 and 23, 2023, the Central Bank of Nigeria ("CBN"), by a notice published in the official gazette of the Federal Government, revoked the licenses...

It has been the practice for workers after donkey years of active service, either in the Private or Public Sector, to retire and not have a plan for life after retirement, the least of which, ought to be a roof over their heads.