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.

In recent weeks, a series of undersea cable cuts have caused significant disruptions to data and voice services across Africa

The country once again emerged victorious and received a more reassuring relief in what may well be dubbed the most significant and indeed controversial arbitration dispute in Nigeria’s history.

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.