Banking & Finance – S.P.A. Ajibade & Co. Resources

February 22, 2021spaajibadeNo CommentsCategories: Banking & Finance, Corporate Finance and Capital Market, Project FinanceTags: Debt, Unclaimed Funds Trust Fund, Unclaimed Funds Trust Fund Nigeria

FINANCE ACT 2020: WHAT YOU NEED TO KNOW ABOUT THE UNCLAIMED FUNDS TRUST FUND

Introduction President Muhammad Buhari signed the Finance Act 2020 (“the Act’’) into law on 31st December 2020. The Act introduced several far-reaching changes to the Nigerian fiscal landscape, ...

February 18, 2021spaajibadeNo CommentsCategories: Banking & Finance, Corporate Finance and Capital Market, International Trade & Commerce, International Trade & InvestmentsTags: (https://post.cac.gov.ng/login), CAC, CAMA 2020

CAC ISSUES NEW FILING FEES AND PENALTIES FOR STATUTORY STATEMENT OF COMPLIANCE BY BANKS AND INSURANCE COMPANIES

Introduction On 25th January 2021, the Corporate Affairs Commission (“CAC”) notified the public, particularly the banking, financial and insurance companies (as well as deposit, provident and bene...

February 18, 2021spaajibadeNo CommentsCategories: Banking & Finance, Corporate Finance and Capital Market, Financial Services Industry, FintechTags: cac.gov.ng, CAMA 2020

Corporate Affairs Commission Automates Post Incorporation Procedures

Introduction The Corporate Affairs Commission (“CAC’’) recently announced the upgrade of its website and online registration portal (‘’the Portal) to allow for the full automation of most of...

February 17, 2021spaajibadeNo CommentsCategories: Banking & Finance, Corporate Finance and Capital Market, Financial Services Industry, Fintech, International Law & PracticeTags: (https://post.cac.gov.ng/login), Automate Post Incorporation Procedures, CAC Nigeria, cac.gov.ng, Corporate Affairs Commission (“CAC’’)

Update: Corporate Affairs Commission Automates Post Incorporation Procedures

Introduction The Corporate Affairs Commission (“CAC’’) recently announced the upgrade of its website and online registration portal (‘’the Portal) to allow for the full automation of most of...

December 30, 2020spaajibadeNo CommentsCategories: Banking & Finance

Banks and other Financial Institutions Act 2020: The Making of a Super Regulator in Nigeria – Uche Mathew and Oluwademilade Odutola

Banking & Finance 30th December 2020 Uche Matthew and Oluwademilade Odutola Banks and other Financial Institutions Act 2020: The Making of a Super Regulator in Nigeria[1] 1. Introductio...

October 19, 2020spaajibadeNo CommentsCategories: Banking & Finance, Corporate Finance and Capital Market, Financial Services Industry, Fintech, Project FinanceTags: Amended CAMA, CAMA 2020

Amended Companies and Allied Matters Act 2020

COMPANIES AND ALLIED MATTERS ACT, 2019 Arrangement of Sections Section: PART A – CORPORATE AFFAIRS COMMISSION 1 Establishment of the Corporate Affairs Commission. 2 Establishment of Governing Bo...

June 18, 2020spaajibadeNo CommentsCategories: Banking & Finance, Competition / Consumer Protection Law, Corporate Finance and Capital Market, Employment & Labour Law, Litigation / Dispute Resolution, Project FinanceTags: CBN Code of Corporate Governance, Central Bank of Nigeria, FinTech companies, MFB licence, Microfinance Banks, of sixty percent (60%), Revised Regulatory and Supervisory Guidelines for Microfinance Banks in Nigeria, share-holding ratio of 75:25, Whistle-blowing in the Nigerian Banking Industry

Guidelines for the Regulation and Supervision of Microfinance Banks in Nigeria

REGULATORY UPDATE | JUNE 2020 Introduction In its continued bid to support the development and sustainability of Microfinance Banks (MFBs), the Central Bank of Nigeria (CBN) has issued an exposure dra...