For example, the regulations require PSBs to issue cards and install ATMs rather than giving them the option of a purely digital proposition.

Following the redesigning of the currency (Naira i.e. 200, 500 & 1000) of Nigeria, the Central Bank of Nigeria (CBN) issued a memo dated 6th December 2022 and referenced BSD/DIR/PUB/LAB/015/069 to all Deposit Money Banks (DMBs) and other financial institutions in furtherance to its cashless policy.

Nigeria's financial system is skewed towards short-term financing, making it difficult to obtain long-term funds for project and infrastructural development. Infrastructure includes...

According to the National Pension Commission, PFAs as at July 2016 had an asset base of ₦5.82 trillion, primarily invested in government securities.

Recent reports by the Securities and Exchange Commission show that there has been an increase in the total net asset value of CIS in Nigeria, from N782.64 billion in May 2019, to N1.322 trillion in May 2020.

The evolving landscape of the Nigerian foreign exchange market has prompted the Central Bank of Nigeria ("CBN") to take decisive steps to bolster its efficiency.

The long awaited 2019 Finance Act has been published in the Gazette with a commencement date of Monday 13th January 2020 being the date it was signed into law by President Muhammadu Buhari.

Nigeria's financial sector in 2025 witnessed transformative developments characterised by strategic policy reforms, enhanced regulatory frameworks, and significant infrastructure investments aimed...

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...

Finance is arguably the lifeblood of an organisation and stakeholders have high expectations of the Function‘s performance.

This article highlights basic compliance considerations local and foreign tech start-ups must take into account before taking steps to set up business operations in Nigeria.

If you have ever wondered why the concept of "ESG" is so popular among investors and business owners, it is because it refers to a variety of issues that might affect a company's potential to generate long-term value.

On September 9, 2025, United Capital Infrastructure Fund (UCIF) announced the signing of a $3.2 million dollars (approximately N5 billion naira) revolving credit facility with Nigeria's leading clean energy company, Husk Power Energy Systems Nigeria Limited (Husk Power) at the Africa Climate Summit (ACS) in Addis Ababa.

Nigeria's recent removal from the Financial Action Task Force (FATF) Grey List marks a significant milestone in the country's efforts to strengthen its anti-money laundering (AML)...

The Lagos State Ministry of Physical Planning and Urban Development has issued a formal public notice identifying more than 170 real estate developments in Ibeju-Lekki, Epe, Eti-Osa, and other areas...

The National Assembly of the Federal Republic of Nigeria recently passed the National Youth Service Corps (NYSC) Trust Fund (Establishment) Bill, 2021 ("the Bill")...

The Federal Inland Revenue Services (FIRS) has issued a circular on the tax implications of regulated securities lending (RSL) transactions in Nigeria

This is pursuant to the amendments introduced by Finance Act, 2020 to the PIT Act Cap.P8 LFN 2004

In a circular dated 6th May 2024, the Central Bank of Nigeria (CBN) released implementation guidance on the collection and remittance of the National Cybersecurity Levy ("the levy").

Financial Technology (FinTech), the technological innovation that continues to disrupt the financial services industry is on an upward trajectory and shows no signs of letting up.