SAFE Finance in Nigeria Written by: Tobenna Nnamani Partner, PUNUKA Attorneys & Solicitors Lagos, Nigeria t.nnamani@punuka.com www.punuka.com Introduction According to the African Venture Capital Activity Report 2022, seed stage deals continually comprise the largest proportion of venture capital volume in Africa. When categorized from sector specific level, …
More →In this chapter, Our Senior Partner explains that, though the market is nascent, rescue finance is possible in Nigeria through certain provisions in the Companies and Allied Matters Act 2020 (which introduced CVAs and administration, with implications for post-commencement financing and, therefore, rescue finance), in addition to finance advanced by the Asset Management Company of …
More →The Electoral Act 2022 just became the extant law regulating elections and electoral activities in Nigeria having been assented to by the President on the February 25, 2022. The new electoral law revolutionises approach to elections in Nigeria in giving legal backing to the deploying of technology for the conduct of elections in Nigeria. The …
More →
By Elizabeth Idigbe, Deborah Okpiaifo and Sandra Ifejika An independent director is a non-executive director with no material or pecuniary connection to the Company, other than approved directors’ remuneration and sitting fees. The concept of an independent director was first introduced in Nigeria in 2003 by the Securities and Exchange Commission’s (SEC) in its Code of Corporate …
More →
Authors: Ugochukwu Nwaokike, Ibukun Adebara The CBN, like other Central Banks globally, has commenced preparation for the issuance and operation of Central Bank-issued Digital Currency (CBDC). This project is driven by a collaboration between the CBN and its technical partner, Bitt. Inc. A CBDC is a digital representation of a fiat currency, denominated in an existing unit of account, …
More →The new CAMA 2020 is not an amendment of the old CAMA, it is an Act to repeal the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria, 2004 and enact the Companies and Allied Matters Act, 2020. This report seeks to address the impact of the Act on foreign private …
More →Authors: Okorie Kalu[1] Tobenna Nnamani[2] Introduction Many jurisdictions have enacted statutes which sanction netting and set-off in relation to financial markets. They have done so primarily to reduce systemic risk because of the very large amounts involved i.e. that a default by one institution may bring down others at the cost of the financial system …
More →Authors: Okorie Kalu[2] Peter Edokpayi[3] INTRODUCTION President Muhammadu Buhari on August 7, 2020, assented to the Companies and Allied Matters Act, 2020 (“CAMA 2020” or “the New Act[4]”), which repeals and replaces the Companies and Allied Matters Act, 1990[5] (the “Repealed Act”). CAMA 2020 reflects a myriad of commendable amendments and introduces new provisions arguably …
More →Download PDF President Muhammadu Buhari on Friday, 7th of August 2020 in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly. The new Act which repeals the Companies and Allied Matters Act, Cap. C20, Laws of the Federation of Nigeria, 2004 and enact the Companies and Allied Matters …
More →There is no specific legislation in Nigeria for the recognition of foreign insolvency proceedings, orders, or judgments as well as for co-operation between domestic and foreign courts, coordination of concurrent proceedings or communication of information. Nigeria only has a limited framework for recognition and enforcement of an international monetary judgment which must be final and …
More →
A Licensed Data Protection Compliance Organization.
PUNUKA Attorneys & Solicitors is registered and regulated by the Securities and Exchange Commission, Nigeria.
