1,126 results found

Capital, Time, and the Nature of Impact Patient capital is to enduring impact what fuel is to motion—without it, intention rarely translates into transformation.

In view of the significance of the financial sector to the economic well-being of the country, it is no surprise the banking industry is one of the most regulated industries in Nigeria.

Pursuant to powers conferred under section 13(4) of the Companies Income Tax Act[1] ("CITA"), as amended by the Finance Act (2019), the Minister of Finance, on February 3, 2020, issued the Companies Income Tax...

In this Article, our Olusina Sipasi and Merit Okafor examine the powers of the federal Inland Revenue service to recover unpaid stamp duties on dutiable instruments, especially as it relates to financing transactions.

Nigeria's Securities and Exchange Commission has proposed comprehensive rules for online Forex trading and Contracts for Difference (CFDs), establishing a regulatory framework that extends beyond brokers to encompass technology and platform providers. The proposed regulations introduce stringent capital requirements, operational standards, and compliance obligations for businesses providing trading infrastructure, raising critical questions about registration, data localization

The Pan-African Payment and Settlement System (PAPSS) represents a transformative infrastructure for cross-border payments across Africa, enabling instant transactions in local currencies without relying on intermediary Western currencies. This comprehensive analysis explores how PAPSS operates through its three core processes of instant payment, pre-funding, and net settlement, while examining Nigeria's regulatory framework and the system's critical role in advancing the African Continental Free Trade Area

On 31st December 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now referred to as ‘‘Finance Act, 2021'' or FA, 2021) into law.

‘Pooled funds' is a term used to collectively refer to a set of money from individual investors combined, i.e., "pooled" together for investment purposes.

The age-old legal maxim: interesse rei publicae ut sit finis litium, meaning “it is in the public interest that there be an end to litigation,” does not always reflect the post-judgment reality in Nigeria.

In this series of questions and answers, we provide an overview of the competition-related aspect of the merger control process in Nigeria.

Rising ocean levels, record-high temperature, rapid weather changes, rapid desertification and regular flooding have become the norm, globally, over the last few decades.

The Nigerian banking sector is presently undergoing one of the most significant regulatory transformations since the banking consolidation exercise of 2004.

Nigeria's monetary system has seen considerable reforms in the past years. In carrying out its supervisory functions, the Central Bank of Nigeria ("CBN") has developed various monetary policies...

Modern banking as we know it, has been around for a very long time. It started with prototype banks (merchants) that gave grain loans to farmers; and traders who sold goods between cities around 2000 BC in Assyria, India, and Sumeria.

In recent times, there has been a rise in the number of Point of Sale (POS) operators commonly known as agents in Nigeria.

Excise duty of N10 per litre will now be charged on all non-alcoholic, carbonated and sweetened beverages in line with the insertion of Section 21(3) in the CETA.

The current regulatory regime for Value Added Tax (VAT) in Nigeria is made up of a number of laws and regulations including the VAT Act of 1993 (as amended in 1996, 1999 and 2007)...

A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.