1,126 results found

Nigeria's Cabotage Vessel Financing Fund (CVFF) is finally disbursing after 23 years, but eligibility alone does not guarantee approval. What separates successful applications from failed ones is whether the underlying business is genuinely bankable, with proper ownership structures, credible feasibility reports, and adequate security packages in place before approaching a Primary Lending Institution.

A Stamp Duties Amendment Bill has been introduced to the House of Representatives. The Bill seeks to expand the scope of the extant Stamp Duties Act CAP. S8 L.F.N. 2004 by making receipts...

Over the last decade, technology has continued to disrupt the financial sector while regulators have struggled to keep up. The capital market sub-sector has not been spared as fintech companies...

There is presently no single legislation regulating Fintech in Nigeria.

Secured creditors have greater options than unsecured borrowers in insolvency.

A loan officer approves a facility for a long-standing customer, a trusted SME owner known for never defaulting. The business seems healthy, projections are strong, and the numbers look promising.

The Central Bank of Nigeria (CBN) is Nigeria's primary financial regulator, and it has issued a call for expressions of interest from innovators to take part in its Regulatory Sandbox...

In recent times, the Electronic Money Transfer Levy (EMTL) has become an integral part of Nigeria's tax and financial landscape. This levy is, among others, primarily designed to generate...

In August 2020, the Central Bank of Nigeria (CBN) issued a circular titled "Destination Payment for all Forms M, Letters of credit and other forms of payment" (the 2020 Circular) directing all Authorised Dealer Banks (ADBs)...

On the 13th of December 2024, the Nigeria Financial Intelligence Unit ("NFIU") issued Guidelines for the Identification, Verification and Reporting of Suspicious Transactions...

There has been a palpable increase in the prices of goods and services in Nigeria, in recent time. The Central Bank of Nigeria...

In this article, we discussed the excise duty regime in Nigeria and the likely impact of the newly introduced excise duty on the telecommunication services.

The applicability of Value Added Tax (VAT) to rental income derived from property leases in Nigeria has been the subject of controversy. This stems from the uncertainty as to whether leases,...

On Monday 13 January 2020, President Muhammadu Buhari signed the Finance Bill 2019 into law.

On 5 July 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that where a company pays out dividends that exceeds its taxable profits in a given year of assessment, such dividends

Nigeria's Fintech revolution is unstoppable, but so are the regulators. With over 430 companies now transforming how money moves, from digital banking and mobile payments to blockchain...

Nigeria's Cabotage Vessel Financing Fund has finally been activated after two decades, offering approximately US$700 million to indigenous ship owners. However, accessing these funds requires navigating a complex legal framework involving corporate ownership verification, operational competence assessments, financial viability studies, and strict regulatory compliance that extends far beyond simple vessel acquisition plans.

The Securities and Exchange Commission (‘SEC') pursuant to its statutory mandate under the Investments and Securities Act 2025...