On May 6, 2024, the Central Bank of Nigeria (CBN) issued a circular mandating all banks, other financial institutions, and payments service providers within Nigeria to impose a cybersecurity levy of 0.5% on all eligible electronic transactions.

The Nigerian Electricity Regulatory Commission (NERC) has announced a major restructuring initiative with the introduction of the Nigerian Independent System Operator Limited (NISO).

The Advertising Regulatory Council of Nigeria (ARCON) announced the introduction of a comprehensive register of licensed Advertising Practitioners and Advertisement Agencies.

The Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with the Government of Japan.

In a landmark move against discrimination, the Court of Appeal recently invalidated Regulation 127 of the Nigeria Police Regulations.

The Lagos State Government (LASG) has stepped up its enforcement against unauthorized constructions, signaling a renewed commitment to strict adherence to urban planning regulations.

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.