On May 2, 2024, the Nigeria Deposit Insurance Corporation (NDIC) announced a significant increase to the deposit insurance coverage for financial institutions licensed by the Central Bank of Nigeria (CBN)

The Federal Capital Territory (FCT), Abuja, is at the forefront of a significant shift in property ownership documentation.

On April 4, 2024, the Nigerian Electricity Regulatory Commission (NERC) pursuant to the Supplementary Order to the Multi-Year Tariff Order 2024 for the respective distribution companies, implemented a significant rate adjustment for Nigeria’s premium electricity consumers, Band A.

On March 28, 2024, the Central Bank of Nigeria (CBN) announced a significant upward revision to the capital requirements for banks within Nigeria.

The Nigerian Exchange Group (NGX) has made a significant investment in the Ethiopian Securities Exchange (ESX), a move that not only promotes regional economic growth but also opens opportunities for investors. 

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.