On Tuesday, 8 October 2019, President Muhammadu Buhari presented the proposed 2020 budget of the Federal Government of Nigeria to the joint session of the National Assembly (NASS),

The Nigerian Stock Exchange (NSE) has issued Rules which impose certain requirements on listed companies regarding any transactions with related and other interested parties.

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.

A Foreign Exchange (Control and Monitoring) Bill 2016 has recently passed second reading at the National Assembly.

South African multinational MTN recently paid NGN80 billion (US$255 million) to Nigerian authorities as part of a fine settlement agreed in June this year, Communications Minister Adebayo Shittu said...

The attitude of investors in developed economies towards risk has evolved from the initial position of diversifying risk exposures between varying portfolios of assets into the treatment of risk as an asset eligible for trading on regulated markets.

It is over six years that Nigeria adopted the International Financial Reporting Standards (IFRS) to align the country with global reporting.

Without a doubt, the more pertinent issue remains the continued stability of the financial system in spite of the current state of the economy.

From the brass rods of Belgian Congo to the domesticated reindeer of Northern Siberia, the relationship between loans and interest rates is as old as time.

The Circular reverses the existing incentives which exempt Value Added Tax (VAT) on all commissions applicable to capital market transactions.

This is in a bid to diversify the operations of the NSE and increase its access to capital.

Prior to November 2024, Bureaux de Change operators ("BDCs") could not access the Nigerian Foreign Exchange Market ("NFEM") to purchase foreign exchange ("FX") for sale to their customers.

Nigeria's capital market has transitioned to a T+1 settlement cycle, reducing the time between trade execution and settlement to one business day. This reform addresses counterparty risk, liquidity constraints and operational inefficiencies that persisted under the previous T+3 and T+2 frameworks, fundamentally reshaping expectations for brokers, custodians and institutional investors.

The global crisis should ordinarily present challenges for the Commercial lawyer and expectedly it should present a gloomy picture for the future.

Investors sold shares in nine Nigerian banks one day after the central bank barred the banks from trading in the forex market. The banks were barred on August 23.

In its pursuit of bolstering liquidity and stability within the foreign exchange ("Forex") market, the Central Bank of Nigeria (CBN), on October 12, 2023, released a press statement.

On April 17, 2026, the Central Bank of Nigeria (CBN) announced the introduction of the Nigerian Overnight Financing Rate (NOFR) in collaboration with the Financial Markets Dealers Association (FMDA).

Recently, UK Export Finance; the United Kingdom's export credit agency, added the Naira to its list of pre-approved currencies.

Recent weeks have seen a steady stream of data releases from international institutions confirming the reality that we feel on the ground – ‘commodity markets sneeze and (about half of) the region catches a cold'.

The Rules not only provide for the due regulation of OTPs, but also ensure that Dealing Members do not run at a risk of being left unprotected.