In its 2012 National Financial Inclusion Strategy (NFIS), the CBN defined financial inclusion as “…when adult Nigerians have easy access to a broad range of formal financial services that meet their needs at an affordable cost.” These services may include payments, savings, loans, insurance, and pension...
Businesses often fail due to a lack of funding for growth in areas of operations, business equipment, marketing etc. Financing a business is often difficult for business owners as there are varying options available to capitalize or finance a company, each having its own nuances...
A Public Offering is an invitation to the general public to subscribe or purchase securities of a company. This takes the form of Initial Public Offering (IPO) & Subsequent Public Offering (SPO). Our main focus in this snippet will be on Initial Public Offering. An Initial...
When a person dies, their estate (assets) devolves on their survivors in the following order; spouse, children, parents, siblings, or extended family. However, where such person executes a Will before his death, the assets will be distributed according to the wishes of the deceased. This article...
This paper is a continuation of a previously published article setting out five key provisions of a Facility Agreement from a lender’s perspective. We have examined below five more clauses which are germane in protecting the interests of lenders in a syndicated loan facility agreement. ...
In our previous post on importance of Legal due diligence, we mentioned that a Due Diligence is the process of collecting, understanding and assessing all the risks associated with a transaction. It is an investigation into a business by reviewing documents, collating information and ascertaining...
A syndicated loan is one that is provided by a group of lenders and is structured, arranged, and administered by one or several commercial banks or investment banks known as lead arrangers. Syndicated loans arise when a project requires too large a loan for a single...
The Capital Market is a market where financial instruments known as securities (i.e. shares and bonds) are issued to raise medium to long-term financing, and where such securities are traded. The capital market comprises of two segments which are; The primary market – The market for...
The proposed Companies and Allied Matters Bill passed its third reading at the Nigerian Senate on the 15th of May, 2018 and it contained a number of notable alterations. The amendments are centred on increasing the ease of doing business in Nigeria as well as...
Insolvency is the inability of a natural or legal entity to pay debt owed to third parties. This usually occurs when the entity’s liabilities outweigh its assets and it may result in threats from creditors and the subsequent consideration of corporate restructuring. Insolvency generally is regulated...