1,126 results found

On April 17, 2025, the Central Bank of Nigeria (CBN), through a letter referenced CMD/DIR/PUB/LTI/001/001, reminded all banks, payment service banks and other financial institutions in Nigeria...

Nigeria's removal from the FATF Grey List and the European Commission's high-risk list marks a significant regulatory milestone, but sustaining compliance requires robust automated systems. The Central Bank of Nigeria has issued comprehensive Baseline Standards for Automated Anti-Money Laundering Solutions, establishing minimum functional, governance, and control requirements that all CBN-regulated financial institutions must implement within strict timelines. What specific capabilities must these systems s

At the June 2025 Plenary of the Financial Action Task Force (FATF) held in Strasbourg, Nigeria remained on the global watchdog's list of "Jurisdictions under Increased Monitoring...

In line with our goal of maintaining industry leadership while constantly positioning ourselves as the ‘Firm of the Future', the Partnership has approved the admission of Mr. Chinedum Umeche, ...

On 31st March, 2021, the Federal Inland Revenue Service ("FIRS" or "the Service") issued an Information Circular providing clarifications on the chargeability of Value Added Tax (VAT)...

The highly dynamic local and global tax environment requires a careful examination of today's tax function. Tax functions may need to change to better manage risks, address capability gaps, and...

Artificial intelligence (AI) technology continues to disrupt every aspect of our lives.

PSBs are required to operate mostly in rural areas and unbanked locations to target financially excluded persons.

The fintech industry has revolutionized financial services by harnessing technology to enhance customer experience, security, and convenience. Artificial Intelligence and digital innovation...

After more than two decades of dormancy, Nigeria has finally begun disbursing the Cabotage Vessel Financing Fund (CVFF), a revolving loan facility funded by a 2% levy on cabotage-protected trade earnings since 2003. With up to $25 million available per qualifying applicant at 6.5% interest through twelve appointed Primary Lending Institutions, Nigerian shipowners now face the critical question of who qualifies and what it takes to access this long-awaited vessel acquisition finance.

Making money is one thing, but keeping it? That's a whole different ball game—worms like inflation, currency depreciation, policies and a few other, always feel entitled to bite into your fortune.

Fundraising in the global startup ecosystem has become increasingly competitive with each passing year. In July 2025, Crunchbase News reported that global venture funding...

On 13 January, 2016, the International Accounting Standard Board announced the issuance of a new accounting standard: International Financial Reporting Standard 16, on leases, which took effect on 1 January 2019.

The term "contactless payment" refers to a secure method for consumers to purchase products or services using a debit, credit, smartcard, or another payment device utilising radio...

In practical terms, the Guidelines introduce a significant recalibration of the prudential baseline for a broad range of operators. The reforms affect not only firms seeking new registration...

Climate change, social inequality, and unethical company operations are just a few of the issues facing the world today. More and more companies are recognising the negative impact that industry...

A free zone company is a company registered and situated in a free zone. A free zone is a designated geographical area within a country where companies set up to enjoy exemptions or reduced taxes, customs duties, and regulations.