Regulatory
Global: UK Government Targets Late Payments with New Legislation to Support SMEs
The UK government is set to introduce new legislation aimed at tackling late payments, replacing the Prompt Payment Code with a stronger Fair ...
Nigeria
Nigeria: CBN Warns Bank CEOs, Chairmen of Immediate Dismissal Over Unpublished Accounts
The Central Bank of Nigeria (CBN) has issued a stern warning to bank Chief Executive Officers (CEOs) and chairmen, mandating that they publish ...
Nigeria
Nigeria: CBN Maintains 5% Ways and Means Advances to Federal Government
The Central Bank of Nigeria (CBN) has announced that it will continue to limit its Ways and Means Advances to the Federal Government ...
Nigeria
Nigeria: CBN Limits BDC Forex Sales to $5,000
The Central Bank of Nigeria (CBN) has capped the amount of foreign exchange cash sales by Bureau de Change (BDC) operators at $5,000 ...
Regulatory
Nigeria: Outstanding Pension Liabilities to Be Cleared Soon – PenCom DG
The National Pension Commission (PenCom) has assured that the federal government’s outstanding pension liabilities under the Contributory Pension Scheme (CPS) will soon be ...
Nigeria
Nigeria: CBN Withdraws Publication of Monetary and Credit Policy Guidelines
The Central Bank of Nigeria (CBN) has withdrawn its recently released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines due to widespread misinterpretation. ...
Nigeria
Nigeria: CBN Projects N50bn from Cybercrime Levy by 2024
The Central Bank of Nigeria (CBN) is expected to generate around N50 billion by the end of 2024 through the newly introduced 0.005% ...
Nigeria
Nigeria: FIRS Engages Industry Leaders on Ongoing Tax Reforms
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has discussed Nigeria’s recent tax reforms, engaging with industry leaders to ...
Nigeria
Nigeria: SEC Urges Government-Owned Enterprises to List on Nigerian Exchange for Economic Inclusion
The Securities and Exchange Commission (SEC) has called on Government-Owned Enterprises (GOEs) to list on the Nigerian Exchange Limited (NGX) as part of ...
Nigeria
Nigeria: FG to Launch Consumer Credit and Single-Digit Mortgage Schemes
The Federal Government has unveiled plans to introduce a consumer credit funding program and a single-digit mortgage scheme aimed at alleviating the financial ...
