On January 5, 2024, a pivotal Supreme Court ruling clarified the National Inland Waterways Authority’s (NIWA) role as the singular regulatory body for Nigeria’s inland waterways, marking a significant moment for regulatory clarity in the nation.
In a landmark development that underscores Nigeria’s increasing focus on tax compliance and corporate accountability, MultiChoice, the prominent broadcaster known for DSTV, has finalized a substantial settlement with the Nigerian tax authorities.
In an unprecedented series of events that have reshaped the geopolitical and economic landscape of West Africa, Burkina Faso, Mali, and Niger have formally exited the Economic Community of West African States (ECOWAS) as of January 28, 2024.
On February 13th, 2024, the Corporate Affairs Commission (CAC) directed social media content creators to formalize their operations by registering their businesses under the Companies and Allied Matters Act, 2020.
On December 22, 2023, the Central Bank of Nigeria (CBN) introduced guidelines for Virtual Asset Service Providers (VASPs).
In an important development for Nigeria’s power sector, President Tinubu has signed into law the Electricity Act (Amendment) Bill, 2024
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:
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.
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.
An Act to provide incentives to manufacturing exporters of exportable products and for matters connected therewith.
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