Highlights of the Revised Regulatory and Supervisory Guidelines for Bureau de Change Operations in Nigeria
Background On the 23rd of February 2024, the Central Bank of Nigeria (CBN) released an exposure draft of the Revised Regulatory and Supervisory Guidelines for Bureau de Change (BDC) Operations in Nigeria (the Draft Guidelines), inviting the public to provide comments on the Draft Guidelines. The Draft Guidelines aim to strengthen the regulatory framework that […]
A Review of the SEC Proposed Amendment To Rules on Private Equity Funds
e Securities and Exchange Commission in Nigeria (SEC) on December 22, 2023, introduced new set of proposed rules and amendments (the Proposed Amendment) applicable to different capital market products and operators including, Green, Social, and Sustainability-Linked and Transition Bonds, Collective Investment Schemes, Commodity brokerage, portfolio management operations, private equity funds, amongst others.
Promoting Local VC Participation in Nigeria: Creation of Safe Harbors for VC Funds by the SEC
Venture capital (VC) investments play a major role in fostering innovation, supporting entrepreneurs, and driving economic growth globally. However, despite the burgeoning potential within Nigeria’s emerging startup and technology ecosystem, only five venture capital fund managers are officially registered with the Securities and Exchange Commission (SEC or the Commission) in Nigeria[1]. This article examines the […]