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The CBN disbursed the sum of N436.85 Billion to 34 new projects under the N1.0 Trillion RSSF. This was utilized for both green field (new) and brown field (expansion) projects under the COVID-19...

The CBN introduced the BVN in 2014, as a means of ensuring that every bank account holder in the country has a unique identifier.

The Enabling Business Environment Secretariat, under the aegis of the Presidential Enabling Business Environment Council, recently organized a stakeholders meeting to sensitize the public...

The Nigerian Finance Bill (the "Bill") which is to take effect in January 2023 is currently undergoing the legislative review and approval process at the house of representatives.

The Honourable Minister of Finance, Budget and National Planning ("the Minister") recently issued the Value Added Tax (Modification) Order, 2021 ("2021 Order"), which is effective from 30th July, 2021.

A major highlight of 2023 was the general election which ushered in a new government. Importantly, while as a final act, the outgoing government passed the Finance Bill 2023...

A fintech startup is a company that uses technology to innovate and disrupt traditional financial services. These firms use software, algorithms, and digital platforms to provide a diverse set of financial...

A cashless world was hard to imagine in the 80s and 90s (at least for most of us). It was unimaginable for you to successfully make payments, without cash, a debit or a credit card.

Technological innovation has been deployed into various facets of our lives, and the banking sector is not left behind with the adoption of digitalization-driven models for ease of banking transactions.

A March 2023 decision of the English Supreme Court ( the "Supreme Court") regarding a $3billion bilateral loan granted by Russia to Ukraine in 2013...

The Central Bank of Nigeria has reversed its 2024 foreign exchange restrictions on International Oil Companies, allowing immediate repatriation of 100% of export proceeds. This policy shift eliminates the previous 90-day retention requirement and 50/50 rule, fundamentally changing how IOCs manage their treasury operations and export earnings in Nigeria's oil and gas sector.

Major highlights of the Circular are presented below.

On May 22 and 23, 2023, the Central Bank of Nigeria ("CBN"), by a notice published in the official gazette of the Federal Government, revoked the licenses...

The Finance Bill, 2020 which was an Executive Bill prepared by the Honourable Minister for Finance, Budget and National Planning, was approved by His Excellency, President Muhammadu Buhari and presented together ...

The Finance Act, 2020 came into force on 1st January 2021. A major objective of the Finance Act, 2020 is to generate increased revenue, provide tax incentives to stimulate economic growth...

The Central Bank of Nigeria (CBN) has been vocal about implementing regulatory measures aimed at ensuring banking stability while improving credit growth in the Nigerian economy.

Lawyers in Nigeria undertake different forms of legal services and represent clients for various legal services.