World Business teamwork puzzle pieces

Regulation of Mergers in the Nigerian Market

Despite prevailing global economic growth concerns, corporate entities still look to mergers as a key step for expansion and consolidation, whether within their jurisdiction of operation or outside. For example, a 2016 report by Deloitte[2] shows that 75% of companies in the worlds’ largest economies still pursued foreign companies for the purpose of consolidation in 2015. Thus, the global mergers and acquisitions volume topped $4.7trillion in 2015, while those of 2014 topped $3.4 trillion. The Nigerian business landscape is no stranger to mergers. We have in the past seen the merger of Unilever Nigeria Ltd and Lever Brothers Nigeria Plc. in the 90s and the well-publicised mergers of several banks in the banking consolidation era of 2004 and 2005 and many other mergers.


Carriage by Air – Proper Forum to Sue

The rise in the use of aircrafts with respect to trans-border trade and transportation has led to easy, convenient and fast movement of goods and people from place to place. With the use of Click Wrap Agreements, at the click of a button, anyone can make travel arrangements and enter into contracts for carriage of good(s) or person(s). In Nigeria, this development has however created an issue as to which court is competent to entertain disputes arising from a breach of contract or a tortious claim arising from such contract of carriage.

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AMCON and Toxic Assets: Optimizing the Securitization Option

The concept of securitization has helped salvage several economies and will definitely aid the Nigerian economy in this era of economic downturn. The ROS should be amended to recognize AMCON as an SPV participant. This concept could be a veritable option to help AMCON and FIs escape the present economic conundrum by permitting them to “use what they have to get what they want”. Writing off debts from books is not the answer as that will reduce cash flow.


The Grazing Bill and the Right to Property in Nigeria: A Voice of Reason

The Bill appears to be “innocuously disguised” as one aimed at providing for the establishment, preservation, and control of the Grazing Commission and purposes connected to its the operation. But a closer look reveals the Bill has an overreaching effect on the right to property as entrenched in the Constitution of the Federal Republic of Nigeria 1999 (as amended) (the Constitution) and protection of propriety rights in land under Land Use Act 1978.


Alteration of Skye Bank’s Board of Directors: Did the Central Bank of Nigeria Act beyond Its Powers?

From the above analysis, the legality of CBN’s action in Skye Bank seems an unsettled question. Power to interfere in a bank is one that Central Banks take very seriously and exercise very cautiously, as it could immediately signal to the whole system that there is some distress around the corner. My two pennies on this would be that it is possible Skye Bank is in dire straits but CBN does not want to go public with this.

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CBN OTC FX Futures: Understanding the Derivatives Market

The Naira- settled OTC FX Futures product is a welcome development which will be of tremendous benefit to individuals and corporate entities that engage in FX businesses. It will also present an opportunity to hedge against future market movements

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Electricity Tariff Increase in Nigeria—the Good, the Bad, and the Ugly

The Nigerian Electricity Regulatory Commission (NERC) approved a new tariff methodology for the electricity Distribution Companies (Discos) in the country. The new tariff took effect from 1 February 2016. The Amended Multi-YearRead More…


The US Electrify Africa Act 2016 – Balancing US Interests with Power-Sector Growth in Sub-Saharan Africa

No doubt, improved electrification of Nigeria and sub-Saharan Africa (SSA) will lead to greater economic growth and prosperity for one of the most populated regions of the world. Over the years, electricityRead More…