Derivatives 2025

NIGERIA

Nigeria Abuja

Benin

Law and Practice Contributed by: Fred Onuobia, Michelle Chikezie, Chima Uzochukwu-Obi and Anita Ebbi G Elias

Cameroon

Contents 1. General p.56 1.1 Overview of Derivatives Markets p.56 1.2 Historical Trends and Looking Forwards p.57

2. Types of Derivatives p.58 2.1 Futures and Options p.58 2.2 Swaps and Security-Based Swaps p.58 2.3 Forwards p.59 2.4 Listed v Over-the-Counter p.59 2.5 Asset Classes p.60 2.6 Exemptions, Non-Derivative Products and Spot Transactions p.60 3. Regulation of Derivatives p.61 3.1 National p.61 3.2 Local p.63 3.3 Self-Regulatory Organisations, Independent Authorities, and Exchanges p.63

4. Documentation Issues p.64 4.1 Trading Documentation p.64 4.2 Clearing Documentation p.64 4.3 Opinions and Other Documentation Issues p.65 5. Enforcement Trends p.65 5.1 Regulator Priorities and Enforcement Trends p.65

54 CHAMBERS.COM

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