Introduction The Nigerian Communications Commission (NCC) on July 29, 2024, issued new guidelines aimed at simplifying tariff plans for mobile network operators (MNOs) in Nigeria. These guidelines, […]
INTERNAL REVENUE SERVICE (IRS) GUIDELINES FOR TAX TREATMENT ON FOREIGN EXCHANGE TRANSACTIONS IN NIGERIA
INTRODUCTION On July 25, 2024, the Internal Revenue Service (IRS) released new guidelines on the tax treatment of foreign exchange transactions in Nigeria. These guidelines aim to provide […]
REGULATORY UPDATE: IMPLEMENTATION OF RETAIL DUTCH AUCTION SYSTEM (RDAS) BY THE CENTRAL BANK OF NIGERIA
Introduction In August 2024, the Central Bank of Nigeria (CBN) announced the implementation of the Retail Dutch Auction System (RDAS) to address the growing unmet demand for foreign […]
LEGAL ANALYSIS OF THE LICENSE REVOCATION OF HERITAGE BANK BY THE CENTRAL BANK OF NIGERIA AND ITS LIQUIDATION BY THE NIGERIA DEPOSIT INSURANCE CORPORATION
Introduction The banking sector is crucial for economic development and stability, acting as a key player in financial intermediation, facilitating payments, and providing a secure place for deposits. […]
