Online retail foreign exchange trading involves electronic trading including the process whereby individuals speculate on the exchange rate between currencies and the process of buying and selling of different currencies.

The House of Representatives ("HoR"), has issued a Public Notice ("the Notice"), inviting 1,124 organisations across the public and private sectors to an investigative hearing,

The House of Representatives (HOR) has commenced an investigation on the non-remittance of the Nigeria Social Insurance Trust Fund (NSITF) levy by companies

ESG trends Nigeria has prompted the banking sector to fundamentally restructure how it evaluates and manages climate-related risks.

His Excellency, President Muhammadu Buhari, GCFR, signed the 2023 Appropriation Bill ("the Budget") into law on 3 January 2023, following its passage by the National Assembly.

FHC upholds the illegality of stamp duty deductions prior to amendment of the SDA

A claimant secured a Mareva injunction against Fidelity Bank through material non-disclosure, attempting to enforce an arbitral award from proceedings the bank never participated in.

The taxation of educational institutions has been a thorny issue in the past few years.

On 19th May, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued a Public Notice to all Reporting Financial Institutions (RFIs) that it has extended the deadline for filing 2019 Information Returns under the ...

On 15 February 2019, the Federal Inland Revenue Service (FIRS), in a letter, directed banks in Nigeria to suspend the lien placed on the bank accounts of alleged non-compliant taxpayers ...

We will continue to monitor developments in this space and provide updates as soon as they become available.

Access to the LASG-EBS would require the validation of the tax payer's Bank Verification Number

The Tax Appeal Tribunal Lagos Zone has ruled, in NPF Microfinance Bank PLC and Federal Inland Revenue Service, that bad debts (which have been proven to be bad) are allowable for tax deductions...

Previously, section 3 of the Personal Income Tax Act of 1993 (PITA 1993) – i.e. the charging section – imposed tax on gratuities, and the 3rd Schedule to the Act exempted gratuities

The traditional image of banking institutions is gradually fading, giving rise to a new era of wealth management. Today, discerning individuals and families seek transparency, objectivity, and access to innovative.

The Central Bank of Nigeria (CBN), on 28 October 2019, released a circular ("the Circular") informing the public about the deployment of an automated e-form ‘NXP' (the Form)

Nigeria's cryptocurrency market has long operated in a legal grey area, but the enactment of the Investments and Securities Act 2025 marks a turning point. For the first time, digital and virtual assets are expressly recognised within the country's securities regulatory framework, bringing clarity to their legal status and placing qualifying activities under the supervision of the Securities and Exchange Commission.

The third quarter of 2025 marked a defining period for Nigeria's financial sector, as regulatory reforms, capital-raising activities, and digital transformation shaped the landscape of banking, fintech, and capital markets.

The Federal Inland Revenue Service (FIRS) on Friday, 15 February 2019, instructed banks to suspend lien placed on the bank accounts of some taxpayers.

On 25th January 2021, the Corporate Affairs Commission ("CAC") notified the public, particularly the banking, financial and insurance companies to submit the Statement in the 14th Schedule.