Abuja’s Property Ownership Reforms: What You Need to Know
The Federal Capital Territory (FCT), Abuja, is at the forefront of a significant shift in property ownership documentation.
Watt’s Happening: NERC’s Tariff Revision for Band A Consumers
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.
Capital Surge: CBN’s Recapitalization Drive for Nigerian Banks
On March 28, 2024, the Central Bank of Nigeria (CBN) announced a significant upward revision to the capital requirements for banks within Nigeria.
NGX Group’s Strategic Investment in the Ethiopian Securities Exchange
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.
Education Finance Update: New Legislation for Higher Education Funding in Nigeria
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: […]
Empowering SMEs: The Digital Leap with NITDA-SMEDAN Partnership
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).
Global Dispute Resolution Spotlight: US Court Upholds Arbitration Award for BUA International Limited
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.
Crypto Crossroads: Navigating Nigeria’s Digital Currency Dilemma
In a significant regulatory move, Nigeria has imposed a ban on Binance, OctaFX, Coinbase and similar cryptocurrency platforms from conducting operations within its borders.
Unveiling the Expatriate Employment Levy: A New Chapter in Nigeria’s Employment Regulations
On February 27, 2024, President Bola Tinubu introduced the Expatriate Employment Levy (EEL) aimed at reshaping the employment landscape in Nigeria.
Federal High Court’s Decision: A Directive to Binance on User Data
Recently, the Federal High Court in Abuja mandated Binance Holdings Limited to disclose detailed information on Nigerian users of its cryptocurrency exchange platform.
