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According to the National Bureau of Statistics, small and medium scale enterprises (SMEs) in Nigeria have contributed nearly 50% of the national GDP in recent time.

Under Nigerian law, parties have freedom to contract and will, generally, be bound by the terms of their contract.

The Central Bank of Nigeria (CBN) serves as the apex financial authority and primary regulatory body responsible for overseeing and regulating Nigeria's financial system.

Micro, Small and Medium Enterprises (MSMEs) play a significant role in the development of the economy of many countries. According to the World Bank, MSMEs represent about 90% of businesses worldwide.

In this edition, we discuss the guidelines and circulars issued by the Central Bank of Nigeria (the "CBN") in February, 2025. These regulations include updates in respect of the foreign exchange market and automatic teller machine transaction fees.

In this edition, we discuss important updates issued by key regulators in the financial services sector.

There is a general consensus that the Finance Act 2019 (the Act), is a welcome legislation which addresses some of the major issues identified in our tax laws over the years.

In the wake of the coronavirus pandemic, financial institutions and regulators in Nigeria, like their counterparts worldwide, are steering through unchartered waters.

On 12 March 2026, the Central Bank of Nigeria (CBN) issued a circular (the "Circular") to all financial institutions (FIs) offering Instant Payment (IP) services in Nigeria.

The Finance Act contains key provisions to implement certain tax and regulatory changes that will significantly impact investments in Mauritius.

The Central Bank of Nigeria ("CBN") on March 28, 2024, published a circular reviewing the minimum capital requirements for Commercial, Merchant, and Non-interest Banks in Nigeria.

Foreign persons/companies are welcome to open bank accounts in Nigeria, provided all the necessary conditions are met. This is often necessary as opening a bank account is a pre-requisite...

Nigeria has enacted a new Public Finance Management Act (PFMA) in 2024. This legislation is a comprehensive framework designed to regulate the management of public funds, revenues, expenditures, assets, and liabilities at the federal level.

On 21 April 2020, the AfDB announced the establishment of a Covid 19 Rapid Response Facility to lessen the severe economic and social impact of the COVID-19 pandemic on its Regional Member Countries including the private sector.

Finance acts as the vital fuel that drives growth and innovation within businesses, while regulation provides essential safeguards that maintain stability and integrity in the marketplace.

As of 2025, Meta has 3.07 billion monthly active users.

The Nigerian technology ecosystem has grown astronomically over years, with startups and technology companies springing up across the country. In recent times, however, factors such as the current economic...