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Friday, September 17, 2021

[Download] Lagos State Value Added Tax (VAT) Bill

A bill for a law to impose and charge value added tax on certain goods and services in Lagos State
CAC to take Business Registration to Specialized Markets

CAC Unveils 2 New Forms of Business Registrations

The Corporate Affairs Commission (CAC) says it has commenced the registration of two new forms of business registrations pursuant to CAMA, 2020. Alhaji Garba Abubakar,...

CBN Orders Banks to Publish Names, BVN of Forex Defaulters

The Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who try to break the rules on Forex acquisition...

CBN Bans Microfinance Banks from FX Transactions, Others [Download Circular]

The Central bank of Nigeria (CBN) has banned Microfinance Banks from engaging in what it referred to as non-permissible activities, to wit; wholesale banking,...

[Download] The Petroleum Industry Act 2021

The Petroleum Industry Bill 2021 signed into law by President Muhammadu Buhari on Monday, 16th August, 2021.

CBN Releases Framework to Strengthen Cyber Security Resilience in OFIs

The Central Bank of Nigeria (CBN) on Tuesday released a  framework to protect Other Financial Institutions (OFIs) against cyber attack. This was contained in a...

CBN Threatens to Prosecute Abusers of Naira

The Central Bank of Nigeria (CBN) yesterday warned Nigerians to desist from disrespecting the legal tender – the Naira – or risk being arrested...

FCCPC Amends Merger Review Regulations

The Federal Competition and Consumer Protection Commission has amended the merger review regulations (FCCPC). According to a statement issued by the Executive Vice Chairman/ Chief...

A Guide to Setting Up an Offshore Company in Nigeria

By Josephine Uba For far too long, you’ve already heard of people forming foreign companies in Nigeria to take advantage of tax benefits. The process of setting up...

Fintech Update – CBN Issues New Regulatory Regime or Mobile Money Services In Nigeria

On July 9, 2021, the Central Bank of Nigeria (“CBN”) issued new twin regulations to govern mobile money services in Nigeria. The regulations were...