Introduction On the 8th of September 2026, the Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), issued a circular offering FGN Bonds of N1,000,000,000,000 (One Trillion Naira) for the September 2026 auction. FGN Bonds are long-term debt securities (liabilities) of the Federal Government of Nigeria…
Every so often a patent dispute over a single drug ends up reshaping the rules for an entire industry. Back in June, the US Supreme Court delivered one of those decisions. Although the case itself is American, the question underneath…
Introduction The Central Bank of Nigeria (CBN) controls the money supply in the Banking system, determining the inflow and outflow of money in the public domain. The CBN uses various policies and frameworks to balance cash flow among the federal government (FG), Banking institutions, and…
Introduction On the 18th of July 2026, the State House of Assembly, Abuja FCT, issued a press release on the president’s executive order made on the 17th of July 2026. In compliance, the Nigerian Revenue Service (NRS) issued guidelines regulating the taxation of virtual assets in Nigeria. The executive order was issued to coordinate virtual asset…
CBN revoked the licences of 46 microfinance banks. NDIC has commenced depositor verification and payment of insured deposits. Find out what it means.
Introduction Just months after Nigeria successfully exited the Financial Action Task Force (FATF) grey list in October 2025, the Nigerian Financial Intelligence Unit (NFIU) (the agency) was awarded the UNODC-World Bank-Egmont Group Stolen Asset Recovery (StAR) initiative award in recognition of the successful efforts in investigating…
Introduction On the 7th day of July 2026, the Corporate Affairs Commission (CAC) (hereinafter referred to as “the Commission”) issued a notice to registered companies and the general public of its intention to enforce the statutory provision and requirement of…
NCC approval for shareholding changes is now mandatory before eligible telecom ownership transfers can be registered with CAC. Learn the new rules.
Introduction CBN Ring-Fencing Guidelines introduce a new regulatory framework aimed at strengthening governance, protecting customer funds, and ensuring operational independence among closely linked entities in Nigeria’s financial system. On the 10th day of June, the Central Bank of Nigeria (CBN)…
Introduction In a judgment that strengthens consumer protection in Nigeria’s real estate sector, the High Court of Lagos State has ruled in favour of Zikel Solutions Investment Limited (The Claimant), holding that a developer cannot rely on a blanket no‑refund…
