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One of the challenges encountered while trying to enforce monetary judgments in Nigeria by way of garnishee proceedings is that often, garnishee banks feel obligated to stonewall the judgment enforcement process by asserting certain rights or interests over judgment sums standing in the credit of judgment debtors in their custody.

The Film industry in Africa has enjoyed exponential growth in development especially as it relates to production, post-production, marketing and distribution of titles among others.

Fintech are computer programs and other technology used to support or enable banking and financial services.

Knotty issues arising from Section 19 resulted in multifarious litigation which still lingered after several judicial decisions on the cases.

The Central Bank of Nigeria ("CBN") on March 15, 2022, issued an exposure draft of guidelines for the operation of Bank Neutral Cash Hubs ("BNCH" or "Cash hubs") in Nigeria.

Insight into the effects of the CBN recapitlization directive and guidelines.

The Business Facilitation (Miscellaneous Provisions) Act was signed and enacted into law by President Muhammadu Buhari in February 2023.

On 19 October 2022, the President of the Federal Republic of Nigeria gave his assent to the Nigeria Startup Bill 2021 (the Bill), effectively signing it into law as the Nigeria Startup Act 2022 (the Act).

As part of its efforts to enhance transparency in foreign exchange market transactions, the Central Bank of Nigeria ("CBN") issued the Reviewed Guidelines on International...

Furthermore, financial institutions should disclose their contact details and the details of the cost of the product or services being advertised.

Islamic finance is a financial system that is based on adherence to the Sharia or Islamic law.

The Central Bank of Nigeria's Fourth Edition of the Foreign Exchange Manual introduces sweeping changes to currency and trade regulations, raising import payment thresholds, increasing tuition remittance limits...

President Bola Ahmed Tinubu has signed a Presidential Executive Order establishing Nigeria's first coordinated national framework for virtual assets regulation. The Order creates a Virtual Asset Council comprising the CBN, SEC, NRS, NFIU and ONSA to harmonize oversight, clarify regulatory responsibilities, and eliminate fragmented supervision across digital asset activities. How will this institutional restructuring impact VASPs, market participants, and the broader Nigerian digital assets ecosystem?

The Central Bank of Nigeria, on 2nd October, 2024, issued a circular titled "Introduction of the Electronic Foreign Exchange Matching System in the Interbank Foreign Exchange Market" to introduce the Electronic Foreign Exchange Matching System – an electronic matching system for foreign exchange transactions.

Foreign investment depends heavily on the ability to repatriate profits and capital, yet government-imposed foreign exchange controls can significantly restrict these transfers.

Payment Service Banks ("PSBs") have, since their introduction into the financial space, remained a veritable vehicle for financial inclusion across countries.

On the 14th of June 2023, the Central Bank of Nigeria ("CBN") published a press release on the Operational Changes to the Foreign Exchange Market.

The Supreme Court of Nigeria's decision in Central Bank of Nigeria v. Ochife redefines the evidential burden in garnishee proceedings, exposing a critical enforcement gap where judgment creditors must prove specific account details...