Mondaq Middle East & Africa - Nigeria: Finance and Banking
Deloitte Nigeria
President Muhammadu Buhari has signed the 2019 budget of the Federal Government of Nigeria into law. The Budget, which was signed on Monday, 27 May 2019,
Banwo & Ighodalo
By the time ‘The Nigerian Capital Market Master Plan 2015-2025' was launched by the SEC in November 2015, as a 10-year road map for developing the country's capital market into a global financial center, ...
Perchstone & Graeys
On October 22, 2018, the Central Bank of Nigeria (CBN) issued a circular pursuant to its Microfinance Policy, Regulatory and Supervisory Framework (April 2011).
Deloitte Nigeria
President Muhammadu Buhari has declined assent to the National Housing Fund (NHF) Bill, 2018 (the Bill) which was recently passed by the National Assembly.
Banwo & Ighodalo
In a letter dated March 19, 2019, addressed to the leadership of the National Assembly and read at Plenary on the floor of the Senate on Tuesday, April 2, 2019, President Muhammadu Buhari declined assent to eight Bills ...
AELEX
By a letter to the Senate President dated 28th March 2019, the President of the Federal Republic of Nigeria declined to assent to the National Housing Fund (Establishment) Bill 2018 which had been earlier passed by the National Assembly.
AELEX
Technology has steadily infused every sector of the economy around the globe with unprecedented innovations; one of which is the concept of an electronic system of payment.
Famsville Solicitors
Mortgaging a ship is a form of security wherein a ship owner ("Mortgagor") gives to the lender ("Mortgagor") ...
Banwo & Ighodalo
As at December 2015, total pension assets under management stood at circa N5 trillion.
Banwo & Ighodalo
In February 2015, the National Pension Commission took the first step towards revamping the existing framework for the investment of pension fund assets in Nigeria, by issuing an exposure draft of proposed amendments ...
Andersen Tax LP
On 13 January, 2016, the International Accounting Standard Board announced the issuance of a new accounting standard: International Financial Reporting Standard 16, on leases, which took effect on 1 January 2019.
Deloitte Nigeria
The Federal Inland Revenue Service (FIRS) on Friday, 15 February 2019, instructed banks to suspend lien placed on the bank accounts of some taxpayers.
PwC Nigeria
We understand that the FIRS today wrote a letter to all banks communicating a temporary suspension of lien on accounts of taxpayers alleged to be in default of tax payments
Deloitte Nigeria
The Federal Government of Nigeria, on 25 January 2019, signed Executive Order 007 (the Order) on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (the Scheme).
Deloitte Nigeria
Open banking, open risk.
PwC Nigeria
The Nigerian President, Muhammadu Buhari, today 19 December 2018 presented the 2019 Appropriation Bill ...
Banwo & Ighodalo
As part of its efforts to make the Nigerian business climate investment-friendly, the Federal Government of Nigeria has introduced various incentives and reliefs aimed at promoting both local and foreign investments.
Banwo & Ighodalo
The Central Bank of Nigeria recently released a "Revised Edition" of its Foreign Exchange Manual.
AELEX
The perception about African economies appears to be changing as investors are increasingly taking an interest in participating in Africa's capital markets through the use of Depositary Receipts.
Andersen Tax LP
This is in a bid to diversify the operations of the NSE and increase its access to capital.
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Benchmac & Ince
Islamic finance is a financial system that is based on adherence to the Sharia or Islamic law.
Banwo & Ighodalo
By the time ‘The Nigerian Capital Market Master Plan 2015-2025' was launched by the SEC in November 2015, as a 10-year road map for developing the country's capital market into a global financial center, ...
PwC Nigeria
The Nigerian President, Muhammadu Buhari, today 19 December 2018 presented the 2019 Appropriation Bill ...
Perchstone & Graeys
On October 22, 2018, the Central Bank of Nigeria (CBN) issued a circular pursuant to its Microfinance Policy, Regulatory and Supervisory Framework (April 2011).
Banwo & Ighodalo
The Central Bank of Nigeria ("CBN"), on June 6, 2018, issued the Regulations for Transactions with Authorized Dealers in Renminbi ("Regulations").
Banwo & Ighodalo
In a letter dated March 19, 2019, addressed to the leadership of the National Assembly and read at Plenary on the floor of the Senate on Tuesday, April 2, 2019, President Muhammadu Buhari declined assent to eight Bills ...
S.P.A. Ajibade & Co.
The Nigerian market has witnessed a recent rise in the use of derivatives especially in transactions involving foreign counterparties.
Banwo & Ighodalo
In February 2015, the National Pension Commission took the first step towards revamping the existing framework for the investment of pension fund assets in Nigeria, by issuing an exposure draft of proposed amendments ...
Banwo & Ighodalo
The Central Bank of Nigeria recently released a "Revised Edition" of its Foreign Exchange Manual.
AELEX
Representations, covenants and events of defaults (the "Core Clauses") are the foundations of loan agreements, and a number of these clauses are often found in a loan agreement.
AELEX
By a letter to the Senate President dated 28th March 2019, the President of the Federal Republic of Nigeria declined to assent to the National Housing Fund (Establishment) Bill 2018 which had been earlier passed by the National Assembly.
Fred-Young & Evans
In order to execute large projects or for businesses to expand, there is usually a need to apply for loan facility from Banks ("the Bank").
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