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It is common practice for some Nigerian companies to request certain services from their foreign related or third parties, to leverage technology and expertise, with the intention to drive efficiency in their operations

The macroeconomic landscape in Ghana and Nigeria has shown little improvement over the past year, continuing to impact both individual and business customers, with eroding purchasing power and...

Nigeria operates several statutory sectoral funds, like the Nigerian Content Development Fund (NCDF). These funds are primarily sourced from mandatory contributions by industry operators, often calculated...

The Pan-African Payment and Settlement System (PAPSS), launched in January 2024, is a centralized payment infrastructure designed to facilitate faster and more cost-effective cross-border trade transactions...

Ministries, departments and agencies of government in Nigeria operates several statutory sector-specific funds, like the Nigerian Content Development Fund (NCDF).

In an effort to improve foreign exchange liquidity in the country, the Central Bank of Nigeria (CBN), as the primary regulator of the Nigerian banking industry...

A key concept in banking regulation is the provision of standards or guidelines by regulators to prevent financial institutions from incurring risk-weighted assets beyond their respective risk management capacity and capital adequacy.

For global Neobanks considering expansion into Africa, Nigeria presents a compelling opportunity. Through this two-part Neobanking Series, we examine some of the strategic and regulatory dimensions of Neobank...

The Nigerian President, Muhammadu Buhari, today 19 December 2018 presented the 2019 Appropriation Bill ...

This is in a bid to diversify the operations of the NSE and increase its access to capital.

In the bid to establish a more transparent and efficient framework for managing foreign exchange (FX) in Nigeria, the Central Bank of Nigeria (CBN) recently introduced revised guidelines...

Prior to November 2024, Bureaux de Change operators ("BDCs") could not access the Nigerian Foreign Exchange Market ("NFEM") to purchase foreign exchange ("FX") for sale to their customers.

Nigeria's capital market has transitioned to a T+1 settlement cycle, reducing the time between trade execution and settlement to one business day. This reform addresses counterparty risk, liquidity constraints and operational inefficiencies that persisted under the previous T+3 and T+2 frameworks, fundamentally reshaping expectations for brokers, custodians and institutional investors.

Prior to the enactment of the Finance Act, 2019, Section 13 of the Companies Income Tax Act as amended, provided the basis for the taxation of the profits of non-resident companies in Nigeria.

On October 22, 2018, the Central Bank of Nigeria (CBN) issued a circular pursuant to its Microfinance Policy, Regulatory and Supervisory Framework (April 2011).

On the 3rd of January 2023, President Muhammadu Buhari signed the 2023 Appropriation Bill for the implementation of the National Budget (the "Budget") into law. One of the key things that stood out...

Import duty reduction will be granted on certain goods as will be listed in a new Chapter 99 in the ECOWAS CET to be implemented by Nigeria.