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.

The offering represents the first time a sovereign has issued tradeable, registered bonds that are approved for distribution to retail investors in the UK and US.

Nigeria's pension industry faces a transformative period as the National Pension Commission introduces revised minimum capital requirements for Pension Fund Administrators and Pension Fund Custodians, with a compliance deadline of 30 June 2027. This regulatory shift will compel operators and their shareholders to fundamentally reassess their capital positions, funding capabilities, and strategic direction for the future.

Though ADR mechanisms as well as modern recovery strategies play an important role in prompt debt recovery, the importance of the traditional collection methods by the Courts cannot be underrated.

Without a doubt, the more pertinent issue remains the continued stability of the financial system in spite of the current state of the economy.

On 14th January 2021, the Central Bank of Nigeria (the "CBN") released the long-awaited final framework for regulatory sandbox operations in Nigeria (the "Framework").

On 25th August 2011, the respondent, a legal practitioner, through his law firm of Abang Ogar & Co., entered into a Consultancy Service Agreement...

Recently, the Federal Inland Revenue Service ("FIRS") issued a Public Notice titled "Payment of Outstanding Foreign Currency Tax Liabilities in Naira" (the "Notice")...

On 24th June, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued a Public Notice stating that certain items which were included as exempt from Value Added Tax ("VAT")...

A Switching and Processing License is one required by companies that engage in processing payments and routing of payment transactions between different financial institution...

Agency banking in Nigeria is a system where banks and licensed financial institutions appoint individuals as agents to provide basic financial services...

On the 19th of October 2022, President Muhammadu Buhari signed the Startup Act (the Act). The Act is a significant legislation for the Nigerian technology and innovation ecosystem...

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 in local African currencies. It was adopted as a key mechanism to support the implementation of the African Continental Free Trade Area (AfCFTA).

A certificate of capital importation ("CCI") is a certificate issued by a Nigerian bank confirming an inflow of foreign capital either in the form of cash (loan or equity) or goods.

President Muhammadu Buhari has signed the 2019 budget of the Federal Government of Nigeria into law. The Budget, which was signed on Monday, 27 May 2019,

The FIRS Circular reproduces some of the amendments to the SDA, such as the inclusion of electronic documents as instrument liable to stamp duties, electronic stamping and denoting of...

The FIRS circular on the taxation of Real Estate Investment Companies (REICs) is further to the recent amendments made by the Finance Act (FA), 2019 to the Companies Income Tax Act (CITA).