On the back of declining international commodity prices (particularly, crude oil) and its consequent impact on risk assets in the Nigerian financial industry (“Industry”), the Central Bank of Nigeria (“CBN”) recognised, in June 2017, the need to proactively widen the space for the management of non-performing loans through the establishment of private asset management companies (“PAMCs”). This led to the issuance of an ‘Exposure Draft’ of the Framework for Licensing, Regulation and Supervision of the Business of Private Asset Management Companies in Nigeria (the “Draft Framework”).

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    Name DAWN OF PRIVATE ASSET MANAGEMENT COMPANIES IN NIGERIA? Date 29 Nov 2017 Categories Corporate Finance & Securities Author admin
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    We are delighted to announce the tenth-year anniversary of Bloomfield Law Practice (“Bloomfield”). From our humble beginnings, Bloomfield continues to grow from strength to strength in Nigeria and the global market. We would like to thank God for the Grace that has seen Bloomfield through the many years; starting as a dream to serve, to its current state. We would also like to thank our clients who believed in our desire to serve and gave us the opportunity to be their trusted advisors.

    Further, I would like to thank my partners, Ayodele Oni and Adedoyin Afun who bought into the Bloomfield vision and have injected a fresh drive to build an institution that would outlive us.

    Additionally, I would like to thank both the past and current legal practitioners and administrative staff that have helped to build Bloomfield in one capacity or the other.

    As we celebrate this wonderful milestone, our desire to act as trusted advisors to our clients is further regenerated and our hope is to leave an indelible mark in the African market, wherein the name, Bloomfield, is synonymous with excellence in provision of legal services.
    Adekunle Obebe, Managing Partner