1,299 results found

On 23rd September 2022, the National Pension Commission released the Guidelines on Accessing Retirement Saving Account Balance towards Payment of Equity Contribution ...

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 increased presence of Multinational Enterprises (MNEs) across various jurisdictions has among other things, created the need to centralize certain functions within the MNE Group.

In its pursuit of bolstering liquidity and stability within the foreign exchange ("Forex") market, the Central Bank of Nigeria (CBN), on October 12, 2023, released a press statement.

The Central Bank of Nigeria ("CBN") in a bid to transform Nigeria's payment landscape, launched Africa's first Central Bank-led domestic card scheme – "AfriGo" on 26 January 2023.

A draft of the "Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations (BDCs) in Nigeria-" was made public on February 23, 2024...

On April 17, 2026, the Central Bank of Nigeria (CBN) announced the introduction of the Nigerian Overnight Financing Rate (NOFR) in collaboration with the Financial Markets Dealers Association (FMDA).

The world is largely becoming more of a global village with new innovations and technology springing up everyday.

It is often assumed that the Central Bank of Nigeria's (the "CBN") Open Banking Framework and related guidelines ( the "Open Banking Guidelines") are relevant only to banks...