Resolution Law Firm

LAWS GOVERNING MONEY LENDING COMPANIES IN NIGERIA

MONEY LENDING REGULATIONS IN NIGERIA The primary law governing money lending in Nigeria is the Money Lenders Law of various states, which set out the licensing requirements and regulations for money lenders operating within the state. The Federal Competition and Consumer Protection Commission (FCCPC) also regulates money lending activities in Nigeria and protects the rights [...]

By |April 10th, 2023|Business Operation & Licenses, Finance|Comments Off on LAWS GOVERNING MONEY LENDING COMPANIES IN NIGERIA

OVERVIEW OF THE NATIONAL HOUSING FUNDING (NHF) SCHEME IN NIGERIA

NHF CONTRIBUTIONS SCHEME IN NIGERIA National Housing Funding (NHF) is a Federal Government scheme that entitles Nigerians in paid employment and above 21 years to cater to their housing needs. This scheme was established by the virtue of the NHF Act of 1992. According to the NHF Act, all Nigerian employees and income earners, whether [...]

By |July 7th, 2022|Finance, Real Estate Law|Comments Off on OVERVIEW OF THE NATIONAL HOUSING FUNDING (NHF) SCHEME IN NIGERIA

CBN States the Advantages of eNaira, as it Launches eNaira on October 1st

 Advantages of eNaira Central Bank Launches E-Currency in Nigeria  The Central Bank of Nigeria (CBN) has told financial institutions in the country that eNaira is not a subtle scheme to take away bank customers. It said the plan is to grant access to more financially excluded people. The regulator said this in details published on the website [...]

By |September 28th, 2021|Finance|Comments Off on CBN States the Advantages of eNaira, as it Launches eNaira on October 1st

CBN launches N75 billion Youth Investment Fund

The Central Bank of Nigeria (CBN) has launched the N75 billion Youth Investment Fund. The Federal Executive Council approved the establishment of the fund for three years (2020–2023) to assist the Nigerian youths that require urgent funds for their businesses. In the CBN’s guidelines for the implementation of the scheme published on its site, the apex bank also [...]

By |December 26th, 2020|Finance|Comments Off on CBN launches N75 billion Youth Investment Fund

REGISTRATION REQUIREMENTS AS A RATING AGENCY

In every capital market, it is expedient to have a benchmark for making decisions and a tool for envisaging the risk associated with such decisions. Thus, ratings play an important role in the Nigerian Capital Market and the global financial system at large. It is a tool needed to promote the development and seamless running [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS A RATING AGENCY

REGISTRATION REQUIREMENTS AS A CUSTODIAN OF SECURITIES

Custodian of securities means a person who has custody, as a bailee, of securities or certificate issued in the investor’s name with the investor’s name appearing in the issuer’s register as the beneficial owner of the securities. Functions Registered custodian of securities shall have the following functions, amongst others: Maintaining accounts of securities of a [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS A CUSTODIAN OF SECURITIES

REGISTRATION REQUIREMENTS AS A MARKET MAKER

Market maker means any specialist permitted to act as a dealer, any dealer acting in the position of a block positioner, any dealer who, with respect to security, holds himself out as being ready to buy and sell such securities for his own account on a regular and continuous basis. The market-making system may be [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS A MARKET MAKER

REGISTRATION REQUIREMENTS AS A FUND/ PORT FOLIO MANAGER

A portfolio manager holds a very important role when it comes to fund investing. A portfolio manager is a person or institution with the duty to invest a fund's assets, implement the fund's investment strategies, and manage day-to-day portfolio management. Portfolio management is a process by which investments that meet the long-term financial objectives and [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS A FUND/ PORT FOLIO MANAGER

REGISTRATION REQUIREMENTS AS AN INVESTMENT ADVISER IN THE CAPITAL MARKET

The entity authorized to engage in the business of providing investment advice to others or issuing reports or analyses regarding securities, for compensation is known as an Investment Adviser. Functions Investment advisers may perform the following functions: Investment advisory services; Making recommendations as to types of securities to buy or sell; Publication of financial market [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS AN INVESTMENT ADVISER IN THE CAPITAL MARKET

REGISTRATION REQUIREMENTS AS A TRUSTEE IN THE CAPITAL MARKET

The fiduciary role of a trustee has its origin from the English Common Law and the principles of Equity. This concept has authorized the trustee to be an independent third party saddled with the responsibility of protecting conflicting interests between the issuer and investor in the financial market. A trustee is usually hired by an [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS A TRUSTEE IN THE CAPITAL MARKET

REGISTRATION REQUIREMENTS AS A RECEIVING BANKER/ BANKER TO AN ISSUE

Receiving banks are banks designated by an issuer to receive proceeds. It is a scheduled bank carrying on all or any of the following issue related activities namely; acceptance of application and application monies; acceptance of allotment or call monies; refund of application monies and payment of a dividend or interest warrants. Functions Banker to [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS A RECEIVING BANKER/ BANKER TO AN ISSUE

REGISTRATION REUIREMENTS AS SUB-BROKER IN THE CAPITAL MARKET

A Sub-Broker is a financial operator registered by the Securities and Exchange Commission (SEC) to act on behalf of a broker/dealer as its agent for assisting investors in buying, selling or dealing in securities through a broker. Functions A registered sub-broker shall have the following functions which shall be carried out only through its sponsoring [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REUIREMENTS AS SUB-BROKER IN THE CAPITAL MARKET

REGISTRATION REQUIREMENTS AS BROKERS/ DEALERS IN THE CAPITAL MARKET

  Investors have engaged the services of brokers or dealers for easy participation in the financial world as the financial world can be full of mysteries and risks for investors especially when the languages and terms of the market are not understood. Thus, a broker can be seen to be a financial intermediary executing order [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS BROKERS/ DEALERS IN THE CAPITAL MARKET

REGISTRATION REQUIREMENTS AS AN UNDERWRITER IN THE CAPITAL MARKET

 Underwriting simply means an arrangement where an underwriter undertakes for an authorized commission, to pay an issuer of securities an amount based on the price of the securities determined at a predetermined date in conjunction with the issuer and the issuing house with a view to resale not as a form of investment. Hence, underwriting [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS AN UNDERWRITER IN THE CAPITAL MARKET

REGISTRATION REQUIREMENTS AS AN ISSUING HOUSE/ MERCHANT BANKER

An issuing house is a financial intermediary assigned to provide financial advisory services to companies, whether quoted or unquoted companies, federal government agencies, and government institutions with reference to investments especially when these companies or government institutions need additional funds to finance capital projects from the capital market. The issuing house plays a vital role [...]

By |December 3rd, 2020|Finance|Comments Off on REGISTRATION REQUIREMENTS AS AN ISSUING HOUSE/ MERCHANT BANKER

 REGISTRATION OF CAPITAL MARKET OPERATORS IN NIGERIA

 LICENSE FOR CAPITAL MARKET OPERATORS IN NIGERIA Under Nigerian law, any company or individual seeking to offer any capital market-related services must be licensed or registered with the Securities and Exchange Commission. Nigeria's capital market is majorly a market for long-term investment where the issuing and trading of corporate equities and long-term debt securities are [...]

By |November 29th, 2020|Finance, Uncategorized|Comments Off on  REGISTRATION OF CAPITAL MARKET OPERATORS IN NIGERIA