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Nigeria operates a state-managed forex policy which entails the direct supervision of the foreign exchange market by the central bank of Nigeria.

A few days ago, the President of the Federal Republic of Nigeria declined assent on the National Housing Fund Bill (the "NHF Bill") recently passed by the National Assembly.

On November 12, 2020, President Muhammadu Buhari signed the Banks and Other Financial Institutions Act 2020 into law and thereby effectively repealed the erstwhile Banks and Other Financial Institutions Act 1991.

An intercompany loan is one which both the lender and the borrower are within the same group structure. The essence of an intercompany loan in most cases is to move cash to a business unit...

Mortgaging a ship is a form of security wherein a ship owner ("Mortgagor") gives to the lender ("Mortgagor") ...

President Muhammad Buhari signed the Finance Act 2020 ("the Act'') into law on 31st December 2020.

On February 10, 2026, the Central Bank of Nigeria (CBN) issued a circular on Participation of Licenced Bureau De Change in the Nigerian Foreign...

In April 2025, the Nigerian Securities and Exchange Commission ("SEC") introduced material amendments to its private equity regulations.

Nigeria's National Pension Commission has extended regulatory forbearance allowing Pension Fund Administrators to invest in securities issued by parent companies of their Pension Fund Custodians. This carefully calibrated relaxation of related-party investment constraints creates new opportunities while maintaining strict governance requirements and exposure limits to protect retirement savings.

Debt has existed since the beginning of time and there will always be debtors and creditors as long as man and his endeavors exist.

It is estimated that the country will require over $3 billion annually for the next 30 years to effectively close this gap and meet development goals.

The first era of Nigerian fintech rewarded speed. Companies that could process payments faster, designed cleaner interfaces, and deliver smoother onboarding captured users and attracted capital.

In pursuit of its goal to liberalize the Nigerian foreign exchange market, the Central Bank of Nigeria (CBN) issued the 'Guidelines for International Money Transfer Services ...

Nigeria's technology economy has long operated with a structural contradiction: businesses built and run from Nigeria are often incorporated offshore. Itana, Nigeria's first licensed digital free zone, aims to resolve this by adapting the country's free-zone framework to accommodate technology, finance and service businesses that don't require significant physical infrastructure.

The Finance Act of 2020 (the Act) reviews and amends several tax legislations.

An International Money Transfer Operator (IMTO) is a company approved by the Central Bank of Nigeria (CBN) to facilitate the transfer of funds from individuals or entities residing abroad to recipients in Nigeria.

Cooperative societies are a useful tool for promoting economic growth, improving social welfare, and fostering community development. It creates an avenue for groups of people brought together by a common interest...

As financial institutions, banks have fundamental obligations to their customers, some of which shall be considered in this article.