Merchant Bank Regulations

Merchant banking in Nigeria operates within a specialised legal and regulatory framework governing the establishment, licensing, operation, supervision and regulation of merchant banks. The framework encompasses capital and prudential requirements, corporate governance, risk management, investment banking and securities activities, financial and investment advisory services, structured finance, lending and credit facilities, foreign exchange, payment systems, consumer protection, anti-money laundering and counter-terrorist financing, data protection and cybersecurity.

The regulatory landscape continues to evolve through Central Bank of Nigeria directives and guidelines, Nigeria Deposit Insurance Corporation requirements, Securities and Exchange Commission rules, legislative reforms, regulatory enforcement and emerging developments across the financial services sector. This resource provides practical and authoritative insight into these developments, with a focus on the legal and regulatory considerations relevant to merchant banks and their role in capital formation, investment, financial intermediation and the wider Nigerian financial markets.