In a landmark legislative update, President Bola Tinubu signed the Investments and Securities Act 2025 (“ISA” or the “Act”) into law. The Act repeals the Investments and Securities Act 2007 and reaffirms the Securities and Exchange Commission (“SEC” or the…
Understanding Contracts of Guarantee: A contract of guarantee is typically used in commercial and financial agreements, such as loans, leases, and contracts. A ‘Guarantee’ was defined in Chami v. U.B.A Plc (2010) 841 SC as “a written undertaking by one…
The Central Bank of Nigeria (CBN) has introduced two innovative banking solutions tailored for Nigerians in the diaspora: the Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA). This move underscores the CBN’s commitment to fostering financial…
