Nigeria's tax landscape has undergone a fundamental transformation with the Nigeria Tax Act 2025, which eliminates decades-old tax exemptions on interest payments for foreign loans that previously made the country attractive for international financing.

In our Series 3 of these updates (LINK), we had looked at the Securities and Exchange Commission's ("SEC") requirements in relation to Digital Assets Custodians. In this current series,...

On 12th December 2022, the Nigerian Civil Aviation Authority issued the ‘Revised COVID-19 Public Health Guidelines for All Aviation Service Providers.

The Companies and Allied Matters Act (Chapter C20) Laws of the Federation of Nigeria 2004 was initially made law in Nigeria in 1990 as a decree of the military government.

On 3rd December 2024, the Governor of Lagos State, Babajide Sanwo-Olu signed the Lagos State Electricity Bill into law, thereby enacting the Lagos State Electricity Law, 2024...

There has been demand for open banking practices in Nigeria by stakeholders in the Nigerian financial system. The aims include enabling financial institutions to provide third-party financial service providers access...

The Federal Government of Nigeria, on 27th February 2024, approved the implementation of the Expatriate Employee Levy Scheme ("EEL Scheme").

The Cybercrimes (Prohibition, Prevention, Etc) (Amendment) Act 2024 (the "Amendment Act") was signed into law by President Bola Tinubu on 28th February 2024.

Whether digital and virtual assets are, or need to be, regulated in Nigeria has been quite controversial in recent times.

On 25th March, 2026, the Central Bank of Nigeria ("CBN") issued a circular titled "Removal of Cash Pooling Requirement for International Oil Companies (IOCs)" (the "2026 Circular")...

The Nigerian Federal High Court Declares the Tax Appeal Tribunal Unconstitutional...

The Companies and Allied Matters Act Laws of the Federation of Nigeria 2004 was initially made law in Nigeria in 1990 as a decree of the military government.

The Companies and Allied Matters Act Laws of the Federation of Nigeria 2004 was initially made law in Nigeria in 1990 as a decree of the military government.

Petroleum industry analysts forecast a positive turn for Nigerian oil and gas in 2023, with onshore volume recovery, incremental growth from shallow water projects, and discernible increases in onshore drilling activity ...

NOFR is a transaction-based reference rate derived from actual overnight secured funding trades, specifically NGN-denominated repurchase (“REPO”) transactions with a minimum size of NGN 5 billion (five billion Naira), between eligible financial institutions, reflecting current liquidity conditions in Nigeria’s interbank market

Nigeria's diaspora remittance inflows are one of the largest in sub-Saharan Africa, consistently contributing billions of dollars annually to gross foreign exchange inflows. Despite this, informal channels and pricing opacity have historically diverted a material portion of these inflows away from the Nigerian Foreign Exchange Market (“NFEM”), thereby weakening the Central Bank of Nigeria’s (“CBN”) ability to monitor and price the market accurately.

Cross-border restructuring often involves complex legal and regulatory requirements that can affect the timing, cost, and overall success of a transaction.

Following the Central Bank of Nigeria's (the "CBN") consistent moves to ensure transparency and efficiency in foreign exchange transactions and boost diaspora remittances in Nigeria, the CBN on 24th June, 2024 issued a Circular with Reference No. TED/FEM/PUBFPC001/01.

On 29th March, 2025, the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, signed the Investment and Securities Act 2025 (the "ISA 2025") into law.

2025 was a year of recovery for Nigeria's economy following the ambitious reforms of the Nigerian government, and the capital market played a key role in driving that progress.