CBN’s New Forex Guidelines: What You Need to Know
On January 31, 2024, the Central Bank of Nigeria (CBN) introduced new rules aimed at stabilising the Naira and refining the management of the foreign exchange market. Here’s what you need to know:
Foreign Exchange (Monitoring and Miscellaneous Provisions) Act
An Act to establish an Autonomous Foreign Exchange Market and to provide for the monitoring and supervision of the transactions conducted in the market and for matters connected therewith.
Federal Inland Revenue Service (Establishment) Act
An Act to provide for the establishment of the Federal Inland Revenue Service charged with powers of assessment, collection of, and accounting for revenues accruable to the Government of the Federation; and for related matters.
Export (Incentives and Miscellaneous Provisions) Act
An Act to provide incentives to manufacturing exporters of exportable products and for matters connected therewith.
Factories Act
An Act to provide for the registration, etc., of factories; to provide for factory workers and a wider spectrum of workers and other professionals exposed to occupational hazards
Evidence Act, 2011
This Act repeals the Evidence Act , Cap. E14, Laws of the Federation of Nigeria, and enacts a new Evidence Act, 2011 which applies to all judicial proceedings in or before Courts in Nigeria. ARRANGEMENT OF SECTIONS PART I- GENERAL PART II- RELEVANCY 12 Facts bearing on question whether act was accidental or intentional. […]
Avoidance of Double Taxation Agreements (DTA) Between Nigeria & other Countries
This Agreement shall apply to persons who are residents of one or both of the Contracting States.
Employee’s Compensation Act, 2010
This Act repeals the Workmen’s Compensation Act Cap. W6 Laws of the Federation of Nigeria, 2004 and makes comprehensive provisions for payment of compensation to employees who suffer from occupational diseases or sustain injuries arising from accident at workplace or in the course of employment. ARRANGEMENT OF SECTIONS SECTION – PART 1 PRELIMINARY PROVISIONS […]
The Corrupt Practices and other Related Offences Act, 2003
An act to prohibit and prescribe punishment for corrupt practices and other related offences and to establish anti-corruption commission. ENACTED by the NATIONAL ASSEMBLY of the Federal Republic of Nigeria “Agent” – means any person employed by or acting for another and includes an officer of a public body or an officer serving in or […]
Companies Income Tax (Amendment) Act, 2007
An Act to amend the Companies Income Tax, Cap. 60, LFN, 1990; and for related matters. Enacted by the National Assembly of the Federal Republic of Nigeria- 3. Section 9 of the principal Act is amended- “(c)” providing working capital for any cottage industry established by the company; and “Cottage industry means an industry […]
