Newsletters

legal insight
Legal

NIGERIA’S NEW PORTS REGULATOR: KEY PROVISIONS OF THE NIGERIAN PORTS ECONOMIC REGULATORY AGENCY ACT, 2026 – (Wrap Up)

Wrap up of the ongoing series: The Nigerian Ports Economic Regulatory Agency Act, 2026, establishes NPERA as an independent economic regulator, separating commercial supervision from the Nigerian Ports Authority’s landlord functions. While this reform aims to lower trade costs and streamline maritime oversight, key statutory overlaps in tariff setting, licensing, and concession monitoring require careful implementation to prevent friction and administrative duplication for operators.

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weekly review
Market Review

Markets at a Crossroads: Rising Yields, Naira Weakness and Global Risk Repricing

Nigerian financial markets faced a crossroads this week, balancing rising sovereign yields, Naira weakness, and global risk. FGN bond auctions cleared at higher rates, driving a bearish secondary market, while equities fell slightly despite increased reserves. OMO rates also rose, reflecting continued repricing pressure. Globally, diverging markets and high oil prices weighed against geopolitical concerns and US inflation data.

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legal insight
Legal

NIGERIA’S NEW PORTS REGULATOR: KEY PROVISIONS OF THE NIGERIAN PORTS ECONOMIC REGULATORY AGENCY ACT, 2026 – (Cont’d)

Continued from last week; the Nigerian Ports Economic Regulatory Agency Act, 2026, establishes NPERA as the new statutory ports regulator by transitioning the Nigerian Shippers’ Council. The Act empowers the agency to enforce binding directives, control and approve port tariffs, mandate service provider registrations, and oversee compliance, significantly enhancing transparency, institutional independence, and operational accountability across Nigerian ports.

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weekly review
Market Review

Disinflation Meets Supply Pressures Amid Global Uncertainty

Nigeria’s financial markets experienced divergent signals this week. Moderate disinflation and strong Treasury bill demand countered persistent selling pressure in FGN bonds and selective repricing. The Naira remained stable despite growing concerns over a substantial increase in upcoming bond supply. Global uncertainties, including rising US inflation and energy market volatility, further complicated the outlook, balancing domestic economic improvements against potential external headwinds.

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legal insight
Legal

NIGERIA’S NEW PORTS REGULATOR: KEY PROVISIONS OF THE NIGERIAN PORTS ECONOMIC REGULATORY AGENCY ACT, 2026

Enacted in August 2026, the Nigerian Ports Economic Regulatory Agency Act establishes an independent statutory regulator to oversee Nigeria’s maritime sector, replacing interim supervision by the Nigerian Shippers’ Council. The legislation introduces clear frameworks to eliminate arbitrary pricing, enforce efficiency standards, and protect terminal operators and cargo owners through a sustainable funding model backed by a statutory import freight fee.

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esg
ESG

Environmental, Social, and Governance (ESG) Framework is Entering its Accountability Era: From Corporate Promise to Financial Evidence

As Environmental, Social, and Governance (ESG) frameworks shift from corporate promises to strict financial evidence, Nigerian businesses face a critical turning point. With the SEC requiring implementation plans for IFRS S1 and IFRS S2, companies must move beyond sustainability marketing. Success now depends on robust governance, clean and auditable data, and linking environmental risks directly to financial performance.

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weekly review
Market Review

Yield Repricing, Stronger Liquidity Signals, and Rising Global Risk Shape Investor Sentiment

Nigeria’s financial markets experienced mixed signals, featuring declining equities, strong demand for long-dated OMO instruments, and a gradual firming of fixed-income yields. Despite a boosted economic outlook and rising foreign reserves, persistent yield uncertainty, inflation risks, and geopolitical volatility shaped investor sentiment. This weekly review analyzes key domestic and global market movements, auction dynamics, and upcoming macroeconomic events.

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UN
Opinion

UNGA 81: AFRICA MUST MOVE FROM THE MENU TO THE TABLE

The 81st UN General Assembly highlighted a widening global divide driven by conflict, climate change, and economic inequality. For Africa, bridging the $4 trillion annual SDG financing gap requires moving beyond mere representation. To shape the evolving global order, the continent must leverage its critical minerals, strengthen regional security, and unify its diplomatic front to secure true economic and institutional power.

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weekly review
Market Review

Weekly Market Review: A Tale of Two Realities Across Global and Local Frontiers

In the week ended October 2, 2026, Nigeria’s financial markets maintained a delicate balance with currency gains and rising reserves offsetting sticky bond yields and equities selling following GTCO’s H1 earnings. Internationally, tech and artificial intelligence mega-caps propelled equities past historic bond yield pressure, while crude oil and gold prices eased as investors weighed geopolitical risks and changing interest rate expectations.

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legal opinion
Legal

FROM ENTRY TO EXIT: A LEGAL AND REGULATORY FRAMEWORK FOR DE-RISKING PRIVATE EQUITY INVESTMENTS IN NIGERIA – Contd.

Under Nigeria’s 2025 tax reforms, private equity investors must address legal, tax, and regulatory risks across the entire investment lifecycle. De-risking requires early planning for foreign exchange repatriation, transfer pricing, corporate capital gains, and statutory indirect disposal rules. By embedding exit strategy, regulatory compliance, and tax structuring into entry due diligence, sponsors effectively protect asset value and maximize long-term investment returns.

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brics
Opinion

BRICS New Delhi Declaration 2026: Rewiring the Global South’s Economic Architecture and Implications for Nigeria/Africa

The XVIII BRICS Summit’s New Delhi Declaration marks a significant step toward an alternative economic architecture for the Global South, emphasizing local-currency settlements, payment interoperability, and strategic cooperation in food and minerals. While not an immediate replacement for the current system, it offers substantial opportunities for Nigeria and Africa. The key will be converting diplomatic access into bankable projects and domestic value creation, moving beyond fragmented national efforts to a unified strategic position.

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weekly review
Market Review

Nigeria’s Markets Enter a New Repricing Regime: Bonds Price Rally, Equities Gain, Naira Strengthens

Nigeria’s financial markets entered a decisive repricing phase following the Central Bank of Nigeria’s 350 bps rate cut to 23.00%. Yields compressed sharply across fixed-income instruments, while the Naira strengthened slightly to $/₦1,329.51. Equities extended gains to a 62.01% year-to-date return, bolstered by FTSE Russell re-inclusion. Meanwhile, substantial upcoming liquidity inflows of over ₦10 trillion are set to drive further yield direction.

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