1,126 results found

Over the years, exploration and production (“E&P”) companies have relied on a range of traditional financing mechanisms to fund acquisitions and develop projects. Among these mechanisms, Reserve-Based Lending (“RBL”) has emerged as a distinctive and increasingly utilised financing option within the oil and gas industry.

The Finance Bill 2020 has been signed into law. The new law introduces over 80 amendments to 14 different laws and takes effect from 1st January 2021.

Nigeria's Central Bank has released an exposure draft proposing sweeping changes to how financial holding companies must be structured, capitalised, and governed. The revised framework introduces stricter ownership requirements, enhanced capital thresholds that could exceed current levels by 20%, and significant restrictions on intra-group transactions and shared services. These proposed regulations could fundamentally reshape the operational landscape for banking groups and financial conglomerates operatin

Nigeria's Central Bank has issued a sweeping directive requiring all payment and financial transaction data generated within the country to be processed and stored locally by January 2027. This regulatory shift forces fintech companies to abandon their reliance on global cloud platforms like AWS and Azure, introducing significant operational costs, infrastructure risks, and compliance complexities. The mandate affects not only licensed financial institutions but extends throughout the entire fintech ecosyst

On 9th December 2020, the Central Bank of Nigeria (CBN) the Central Bank of Nigeria (CBN) issued a circular on "New License Categorisations for the Nigerian Payments System" (NPS Circular).

Despite numerous global and domestic challenges, Nigeria's financial sector has demonstrated remarkable resilience throughout the first half of 2024.

On 28 March 2024, the Central Bank of Nigeria (CBN) in line with Section 9 of the Banking and Other Financial Institutions Act (BOFIA) of 2020 released a circular...

The Lagos State Government has announced plans to establish the Lagos Carbon Exchange. From all indications, the Lagos Carbon Exchange would make Lagos the first subnational...

It is common practice among Nigerian banks to set up bank deposit targets for their employees and make these targets the basis for their performance appraisal.

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, recently disclosed that ₦66 billion was recovered from stamp duties between January and May 2020.

In our previous article, we examined the Framework issued by the Central Bank of Nigeria ("CBN") for the regulation of Quick Response Code Payments (a form of contactless payment) in Nigeria.

NOFR is a transaction-based reference rate derived from actual overnight secured funding trades, specifically NGN-denominated repurchase (“REPO”) transactions with a minimum size of NGN 5 billion (five billion Naira), between eligible financial institutions, reflecting current liquidity conditions in Nigeria’s interbank market

On February 14, 2014, the Central Bank of Nigeria (CBN) deployed a centralised BVN system.

Nigeria's diaspora remittance inflows are one of the largest in sub-Saharan Africa, consistently contributing billions of dollars annually to gross foreign exchange inflows. Despite this, informal channels and pricing opacity have historically diverted a material portion of these inflows away from the Nigerian Foreign Exchange Market (“NFEM”), thereby weakening the Central Bank of Nigeria’s (“CBN”) ability to monitor and price the market accurately.

The Banking sector worldwide is undergoing major changes and the key drivers of these change are You and I. In today's world (described as the Experience Economy by Pine and Gilmore...

The Central Bank of Nigeria in a circular issued on September 13, 2018 addressed to all Deposit Money Banks, Micro Finance Banks and other Financial Institutions, Mobile Money Operators, Development Finance Institutions, ...

On 28 May 2023, the former President, Muhammadu Buhari, GCFR, signed the Finance Bill, 2023 into law as Finance Act, 2023 ("the Act").

The PIB seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities.