Following feedback received from stakeholders on its Circular of December 6, 2022 ("earlier Circular"), the Central Bank of Nigeria ("CBN"),...

In furtherance of its cashless policy, on December 6, 2022, the Central Bank of Nigeria ("CBN"), via a Circular referenced BSD/DIR/PUB/LAB/015/069 and titled "Naira Redesign Policy...

The Tax Appeal Tribunal, South East Zone, sitting in Enugu ("TAT" or the "Tribunal"), recently held that tax audits conducted by relevant tax authorities in violation of statutorily laid...

In Nigeria's technological landscape, the National Office for Technology Acquisition and Promotion (the "NOTAP") is the primary government agency responsible for overseeing technology...

In a landmark decision delivered on February 25, 2026, the Court of Appeal in Strickland Services Limited v. Akwa Ibom State Internal Revenue Service & Anor nullified the Akwa Ibom State Maritime Sector...

Section 91 of the Labour Act goes further to exclude certain categories of persons from the above definition and, thereby, from the provisions of the Labour Act.

Essentially, the Guidelines provide a framework for the licensing, registration and regulation of web aggregators and also regulate their business relations with insurance companies.

In 2019, Ajibola Muyiwa Danladi, popularly known as ‘Danny Young' brought copyright infringement proceedings against Tiwa Savage and her then record label, Mavin Records, on the grounds...

Forty-four (44) member states of the African Union ("AU") signed the Agreement, which established the African Continental Free Trade Area ("AfCFTA") on March 21, 2018, in Kigali, Rwanda.

Recently, the Presidential Fiscal Policy and Tax Reforms Committee, during conversations about the recent tax reforms, confirmed that Nigeria receives significant financial information on Nigerian residents ...

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.

The liquidity challenges in the Nigerian Electricity Supply Industry ("NESI")'s value chain are often attributed to the losses that arise at the...

The status of the Nigerian oil and gas industry as the dominant contributor to Nigeria's external reserves undoubtedly serves as a pointer to the economic importance...

With a population of approximately 186 million as at 2016, Nigeria has an installed capacity of 12,500MW and a meagre available generating capacity hovering around 7,000MW.

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...

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 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...

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")...