The Nigerian Overnight Financing Rate – A Turning Point for Nigerian Financial Markets
In a bid to align the Nigerian financial market with global standards and strengthen the efficiency of its financial market infrastructure, the Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers Association (FMDA), introduced a new benchmark reform known as the Nigerian Overnight Financing Rate (NOFR). At its core, the NOFR […]
How Much Debt is Too Much Debt? Leveraging in Finance
You have likely heard the saying, “the rich keep getting richer.” One of the reasons often attributed to this is their ability to access debt easily and use borrowed capital to expand their businesses and investments efficiently. In the world of finance, debt is not merely an obligation; it is a strategic business tool. When […]
The Untapped Balance Sheet: How the STMAA is Transforming Access to Credit in Nigeria
Introduction Nigerian banks have been lending against land for so long that the habit has calcified into orthodoxy. Ask a credit committee whether a manufacturer with N2 billion in outstanding receivables qualifies for a working capital facility, and the first question is rarely about the receivables, but what title document the borrower possesses. In an […]
Deal Announcement
Tope Adebayo LP is pleased to announce that we acted as Solicitors to Rights Issue of 6,000,000,000 ordinary shares Great Nigeria Insurance (GNI) PLC, raising N15,6000,000,000 billion. The transaction was led by Partner of the Finance and Projects Team, Ifeoma Ezeribe, with key support from Senior Associate, Philip Francis, and Associates, Excellent Epelle, Roqeebat […]
