ArticleFederal Government Launches The Voluntary Offshore Assets Regularization SchemeThe Federal Government has launched the Voluntary Offshore Assets Regularization Scheme.NigeriaWealth ManagementAndersen in Nigeria
ArticleFCCPC Imposes Structural Remedies In MTN/IHS AcquisitionThe Nigerian Federal Competition and Consumer Protection Commission has conditionally approved MTN Group Limited's acquisition of IHS Holding Limited, requiring MTN to divest 30 percent of IHS's Nigerian business to local investors. This decision addresses vertical competition concerns arising from MTN's transition from minority shareholder and customer to controlling owner of a telecommunications infrastructure provider that serves multiple mobile network operators. NigeriaAntitrust/Competition LawBREMER LF WLL
ArticleFinance Act 2020 And Its Impact On Small And Medium Scale EnterprisesIn this article, we have reviewed these amendments and highlighted how it impacts the Small and Medium Scale Enterprises.NigeriaCorporate/Commercial LawForvis Mazars
ArticleFinance Act, 2021 Summary And Commentaries On The New ProvisionsOn 31 December, 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now Finance Act, 2021) into law. The Finance Act, 2021 (the Act), which was signed into ...NigeriaFinance and BankingAndersen in Nigeria
ArticlePresident Buhari Signs The Finance Bill, 2020 Into LawOn 31st December, 2020, President Muhammadu Buhari signed the Finance Bill, 2020 (now Finance Act) into law. The Finance Act, 2020 (the Act), which has a commencement date of 1st January 2021...NigeriaFinance and BankingAndersen in Nigeria
ArticleStatus Update On CBN’s Banking Sector RecapitalizationIn March 2024, the Central Bank of Nigeria (CBN) released the Banking Sector Recapitalization Programme (FPR/DIR/PUB/CIR/002/009)...NigeriaFinance and BankingTope Adebayo LP
ArticleNigerian Government Directs Banks To Halt LayoffsOn Friday, 3 June 2016, the Minister for Labour and Productivity, Dr. Chris Ngige, called on Nigerian banks to halt their current spate of lay-offs.NigeriaEmployment and HRSonghai Advisory LLP
ArticlePencom Issues Guidelines On Accessing Retirement Saving Account Balance Towards Payment Of Equity Contribution For Residential MortgageOn 23rd September 2022, the National Pension Commission released the Guidelines on Accessing Retirement Saving Account Balance towards Payment of Equity Contribution ...NigeriaEmployment and HRUdo Udoma & Belo-Osagie
ArticleCBN Introduces Bank Verification NumbersThe Central Bank of Nigeria (CBN) has introduced a bank verification number scheme into the banking system. The scheme aims to revolutionise the country's banking and payment systems.NigeriaFinance and BankingTRLP Law
ArticleCheck Your Eligibility For Common Reporting Standard (CRS) ComplianceIn less than seventy days, all Reporting Financial Institutions will be required to file their first set of Information Returns in compliance with Income Tax Regulations.NigeriaFinance and BankingUdo Udoma & Belo-Osagie
ArticleCommentaries On The Excise Duty (Non-Alcoholic, Carbonated And Sweetened Beverages)...This was pursuant to her powers under Section 120 of the Customs and Excise Management Act Cap. C45 Laws of the Federation of Nigeria, 2004.NigeriaFinance and BankingKPMG in Nigeria
ArticleDoing Business In Nigeria: Options For Repatriation Of Capital For Foreign Investors In NigeriaRepatriation of capital and profits is an important area of consideration for foreign investors willing to invest in the Nigerian economy. NigeriaFinance and BankingPavestones
ArticleDoing Business In Nigeria: The Relevance Of The Certificate Of Capital Importation To Foreign Investors In NigeriaWhile foreign investors often seek opportunities to invest in emerging markets, one major concern is whether there are any foreign exchange controls and the impact that such rulesNigeriaFinance and BankingPavestones
ArticleFamsville: Finance Regulatory Updates (April 2025)This month, we examine pertinent guidelines issued by the Central Bank of Nigeria (the "CBN") to players in the financial services sector. We have highlighted these key updates and their impact on the relevant stakeholders.NigeriaFinance and BankingMoroom Africa Legal Consults
ArticleFinance Bill 2022 – Review Of Proposed Tax Amendments And Potential Impact On BusinessesOver the past three years, Nigeria has witnessed the enactment of annual Finance Acts, along with the National budget. To date, the Finance Acts (2019, 2020 and 2021) have introduced landmark amendments...NigeriaFinance and BankingAndersen in Nigeria
ArticleFive Things You Should Know About Open Banking In NigeriaThe Central Bank of Nigeria has been working towards creating an open banking system in the country.NigeriaFinance and BankingSidebrief Inc.
ArticleHow Will Nigeria's New Forex Policy Affect Investment And The Economy?After 16 months of intransigence, Central Bank of Nigeria (CBN) Governor Godwin Emefiele announced guidelines for the new policy at a press conference in Abuja...NigeriaFinance and BankingSonghai Advisory LLP
ArticleIntroduction Of Bank Charges On Cash Deposits And Withdrawals – A Punitive Measure?The Central Bank of Nigeria ("CBN") recently reintroduced bank charges on select cash deposits and withdrawals in the country.NigeriaFinance and BankingAELEX
ArticleKey Provisions Of The Finance Bill 2021In line with the tradition of the current administration, the Finance Bill 2021 (the "Bill") was recently presented before the legislature for passage into law. Similar to its predecessors...NigeriaFinance and BankingPavestones
ArticleMarket Entry In NigeriaA leading global technology company, sought to expand its operations into Sub-Saharan Africa, starting with Nigeria. The client saw immense opportunities in Nigeria's growing demand for digital financial services but recognised the challenges of entering a high-risk frontier market.NigeriaFinance and BankingBalogun Harold Legal