The Financial Reporting Council of Nigeria (FRC) has issued a Public Notice announcing the mandatory registration of audit firms and other assurance service providing firms, with enforcement taking effect from the 1st of April, 2026. The notice is issued pursuant…
On the 26th day of June 2025, the tax reform Acts (the Nigeria Tax Administration Act, the Nigeria Revenue Service Act, the Joint Revenue Board Act and the Nigeria Tax Act 2025) were signed into law. The Acts were subsequently…
In an earlier newsletter post titled, “Nigeria’s 2025 New Tax Law: Major Reforms & What They Mean for You,” we examined the sweeping fiscal changes introduced by the 2025 tax reforms. Building on that foundation, this update highlights a key…
On 5 August 2025, the President assented to the Nigerian Insurance Industry Reform Act 2025. The Act repeals and consolidates earlier insurance statutes and introduces new rules on capital, conduct, compulsory covers, and consumer protection. Key changes at a glance…
In a press release dated the 4th day of July 2025, Ghana’s Ministry of Energy and Green Transition announced the formal submission of the Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries in the Cape Three Points…
Nigeria has emerged as a leading hub of crypto-fintech innovation in Africa, driven by a tech-savvy youth population and economic instability. However, this growth has occurred amidst conflicting regulatory approaches, particularly between the Central Bank of Nigeria (CBN) and the…
E-commerce has revolutionized the way businesses operate in Nigeria, offering consumers unparalleled convenience and access to a broad range of products and services. However, this digital transformation has also given rise to significant legal challenges related to disputes between buyers…
The rise of digital transactions in Nigeria has prompted significant changes in the country’s tax framework. One of such development is the introduction of the Electronic Money Transfer Levy (EMTL), which has reshaped the financial ecosystem for individuals, businesses, and…
Nigeria, with its vast resources and burgeoning market, presents significant opportunities for foreign investors. However, the country’s political landscape, characterized by instability and uncertainty, poses significant risks. Political risk insurance (PRI) has emerged as a vital tool for mitigating these…
The controversy surrounding state governments holding on to the funds meant for the local government councils in their respective states is one that has been making political headlines in recent times. This lingering controversy has however been laid to rest…
