On April 3, 2024, His Excellency, President Bola Ahmed Tinubu assented to the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Bill 2024 (the “Act”), introducing significant changes in financing higher education. This law represents a critical advancement in making education more accessible and financially sustainable for students throughout Nigeria.  Background of Legislative Change:  […]

Recently, the National Information Technology Development Agency (NITDA) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) formalized a collaboration through a Memorandum of Understanding (MoU).

In a recent ruling by the United States District Court for the District of Idaho, BUA International Limited secured a notable victory, affirming the global enforceability of arbitration awards.

In a significant regulatory move, Nigeria has imposed a ban on Binance, OctaFX, Coinbase and similar cryptocurrency platforms from conducting operations within its borders.

On February 27, 2024, President Bola Tinubu introduced the Expatriate Employment Levy (EEL) aimed at reshaping the employment landscape in Nigeria.

Recently, the Federal High Court in Abuja mandated Binance Holdings Limited to disclose detailed information on Nigerian users of its cryptocurrency exchange platform.

In recent months, Nigerian investors have navigated through a barrage of financial uncertainties as erratic as the ocean’s tides, with the naira facing significant fluctuations in the foreign exchange market especially against the US dollar.

In February 2024, the Bank of Industry (BOI) announced an unprecedented allocation of Two Hundred Billion Naira aimed at growing the manufacturing sector and SMEs throughout Nigeria.

In a significant ruling, the Tax Appeal Tribunal (TAT) dismissed the Bayelsa State Board of Internal Revenue’s appeal against Sterling Global Resources Ltd, a player in the oil and gas sector.

On February 20, 2024, the Federal Inland Revenue Service (FIRS) introduced TaxProMax, an innovative digital platform tailored for Transfer Pricing (TP) and Country by Country Reports (CbCR) submissions.