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…
Introduction Nigeria’s regulatory landscape for consumer protection continues to evolve as regulators seek to address the challenges arising from digital commerce, online platforms, electronic transactions, and other technology-driven services. In line with its consumer protection mandate, the Federal Competition and Consumer Protection…
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…
