In 2024, a wave of regulatory changes and market shifts reshaped the Nigerian banking sector, impacting everything from foreign exchange policies to capital requirements and industry-wide governance.
In this publication, we have highlighted key developments, including the Central Bank of Nigeria’s revised FX regulations, the introduction of the Electronic Foreign Exchange Matching System, the recapitalization directive for banks, and notable transactions such as the US$925 million accordion crude oil-backed prepayment facility led by Afreximbank. We also provide insights into the sector’s outlook for 2025, where further regulatory refinements, capital raises, and market restructuring are expected to define the financial landscape.
As a leading business law firm, we remain committed to helping clients navigate the evolving regulatory landscape with precision and strategic foresight.
Read the full report here: https://lnkd.in/dJjye-n9
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