Introduction The Central Bank of Nigeria (CBN) on the 1st day of June 2026 officially launched the Payment System Vision 2028 (PSV 2028), a strategic framework designed to guide the development of Nigeria’s payment ecosystem over the next several years.…
Introduction The COVID-19 pandemic did not create telemedicine in Nigeria, but it irrevocably accelerated its adoption. When hospitals were overwhelmed in April 2020, platforms like Helium Health, Reliance HMO, and DrConsult recorded significant surges in traffic as Nigerians sought consultations…
The CBN BVN Circular 2026 introduces key amendments to Nigeria’s BVN and Watch-List framework, including temporary watchlisting for suspicious transactions, age restrictions for BVN enrolment, limits on phone number changes, and tighter access to BVN data. This article examines the implications for fraud prevention, banking security, customer protection, and data privacy in Nigeria’s financial sector.
In 2025, a series of tax reform legislations were enacted in Nigeria, including the Nigerian Tax Administration Act 2025, the Nigerian Revenue Service (Establishment) Act 2025, the Joint Revenue Board (Establishment) Act 2025, and the Nigerian Tax Act 2025. These…
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…
