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On June 26, 2025, President Bola Ahmed Tinubu made history by signing into law four comprehensive tax reform bills that promise to transform Nigeria's revenue generation landscape fundamentally.

In 2019, the Federal Government of Nigeria enacted the Finance Act 2019 ("FA19"), which introduced several amendments to extant tax statutes.

Nigeria, often referred to as the "Giant of Africa" boasts vast resources, a large and increasingly growing population, and a dynamic economy.

Nigeria's fintech story has been built on transfers. From USSD to instant bank transfers, Nigerian Fintechs have engineered a system that moves money fast, but not without friction.

On July 8, 2021, the Central Bank of Nigeria ("CBN"), Nigeria's apex financial and monetary regulator, issued a new regulatory regime for Payment Service Banks ("PSBs"),

As the Apex regulatory body for the Nigerian capital market, the Securities and Exchange Commission (the "SEC") released a circular on June 16, 2021 notifying members of the public...

On July 8, 2021, the Central Bank of Nigeria ("CBN"), Nigeria's apex financial and monetary regulator, issued a new regulatory regime for Payment Service Banks ("PSBs")...

Banks and the banking sector are a very important aspect of any growing economy in view of the significance of the financial sector to the economic well-being of the country.

The emergence of open banking has transformed the financial landscape, offering customers opportunities to access innovative financial services. However, as the open banking ecosystem continues to evolve...

On March 25, 2025, the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, signed the Investment and Securities Act, 2025 into law.

Nigeria faces a mounting crisis as digital asset fraud schemes have defrauded citizens of nearly ₦911 billion between 2000 and 2023, with recent collapses like CBEX affecting hundreds of thousands of victims. As cryptocurrency transactions shift from formal banking channels to peer-to-peer networks, Nigerian regulators struggle to balance innovation with investor protection in an increasingly complex digital financial landscape.

The Central Bank of Nigeria has issued an Exposure Draft of Revised Guidelines for Financial Holding Companies, marking the first comprehensive review since 2014. This regulatory update introduces significant changes to governance requirements, capital adequacy standards, ownership structures, and consolidated supervision frameworks.

Nigeria's wealth management industry has evolved from informal advisory practices into a highly regulated financial services sector. Understanding the licensing requirements and compliance obligations imposed...

Nigeria's Securities and Exchange Commission has released comprehensive proposed rules governing digital and virtual asset operations, introducing distinct regulatory categories for exchanges, custodians, and tokenisation platforms. The framework establishes capital requirements ranging from ₦200 million to ₦2 billion, detailed stablecoin reserve requirements, and enhanced investor protection measures across the digital asset value chain. Businesses operating in Nigeria's digital asset ecosystem

Nigeria is modernizing its financial markets through two major regulatory developments: a Presidential Executive Order establishing coordinated oversight of virtual assets, and proposed SEC rules governing cross-border securities trading. These reforms aim to create a more transparent investment ecosystem while balancing innovation with investor protection and regulatory clarity.

There are several government agencies regulating various sectors of the Nigerian economy. Most of these regulatory agencies are creation of statutes which usually specify their functions, powers and general mode of operations.

On 26th October 2022, the President of the Federal Republic of Nigeria directed the Central Bank of Nigeria ("CBN") to redesign the N200.00, N500.00 and N1000.00 bank notes.