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Saturday, 31 January 2026

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Tag: SEC

USING CRYPTOCURRENCY AS SECURITY FOR FIAT LOANS AND THE STATUS OF CRYPTOCURRENCY IN NIGERIA
Business

USING CRYPTOCURRENCY AS SECURITY FOR FIAT LOANS AND THE STATUS OF CRYPTOCURRENCY IN NIGERIA

Introduction Beyond the mere promise to repay loans, prudent business entities and financial institutions generally rely on security in advancing loans to borrowers. The idea of security is the underlying assurance tied to something of value which flows from the borrower to the lender. In the law of secured credit transactions, under general groupings, we […]

COVID-19: CBN’S TEMPORARY SUSPENSION OF CHEQUE CLEARANCE IN THE CLEARING SYSTEM
Special Feature

CBN CIRCULAR ON CRYPTOCURRENCY: CBN AND SEC SINGING DISCORDANT TUNES

By a Circular dated 5 February 2021 believed to have emanated from the the Central Bank of Nigeria (CBN), the apex Bank directs banks and other financial institutions to disscoatiate themselves from cryptocurrency transactions on the basis that it is prohibited. The CBN also directs that all accounts of persons transacting in cryptocurrency be closed. […]

access bank plc
Special Feature

The Access Bank and Diamond Bank Deal: Implications for Stakeholders.

Introduction The news recently broke of the restructuring involving Access Bank Plc and Diamond Bank Plc, two leading Nigerian financial institutions. While the restructuring has been described by some as a merger, others have described it as an acquisition. This debate will be further discussed in this piece. However, suffice it to say that the successful restructuring and the emergence of Access […]

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