Nigeria
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CBN exposure draft on financial holding companies: 51% ownership, 20% capital buffer and a bar on credit decisions
The June 2026 draft would require restructuring at several listed banking groups, alongside separate draft ring-fencing guidelines.
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Court of Appeal: English jurisdiction clause did not save AHS’s unexecuted aviation joint venture with PAHCOL
The Court of Appeal has dismissed AHS’s appeal in its ground-handling joint venture dispute with Precision Aviation Handling…
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Constitution (Sixth Alteration) Bill, including state police, sent to the 36 state Houses of Assembly
Approval by at least 24 state assemblies is required under section 9 of the Constitution before the bill…
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NICON Insurance liquidation: court freezes assets and orders 13 former directors to account for seven years of dealings
After NAICOM cancelled NICON Insurance’s licence on 3 August 2026, the Federal High Court in Abuja ordered preservation…
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Lagos Magistrates’ Court amendment bill would raise monetary jurisdiction to ₦25m
At the Assembly public hearing, NBA Lagos urged a higher threshold, better welfare and technology, and a pool…
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Lebara launch tests Nigeria’s MVNO framework: two operators live out of 46 licences
Lebara Nigeria holds a Tier 5 NCC licence and runs on Airtel’s network with the 0724 prefix.
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SEC to launch Capital Market Master Plan 2.0 and a National Savings Scheme on 19 October
The 10-year plan will be endorsed at the State House; the savings scheme is designed as an inclusion…
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EFCC retreats from threat to prosecute lawyers who bill in dollars
The Lagos directorate said two cases were under investigation; four days later the chairman told the NBA the…
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UAC of Nigeria agrees sale of its 43% DP World Logistics stake to TGI Group
22 Plus Invest, a TGI Group company, will take UAC’s minority stake in the former MDS Logistics, subject…
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Nigeria Infrastructure Debt Fund opens ₦45bn Series 12 offer
396.33 million units at ₦113.54 each under the fund’s ₦200bn issuance programme; the fund’s fourth raise since listing…
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Contact the Editorial team: editorial@themeridian50.com
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