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Repositioning Bureaux De Change through Controlled Participation in Nigeria’s Foreign Exchange Framework

Repositioning Bureaux De Change through Controlled Participation in Nigeria’s Foreign Exchange Framework

by Detail Commercial Solicitors | Mar 30, 2026 | Newsletters

Over the last five years, the Nigerian Bureau De Change (BDC) sector has experienced different regulatory changes in the country’s foreign exchange market framework. The directive issued by the Central Bank of Nigeria (CBN) in February 2026, “Participation of Licensed...
Implications of SEC’s Revised Minimum Capital Requirements for Capital Market Operators in Nigeria

Implications of SEC’s Revised Minimum Capital Requirements for Capital Market Operators in Nigeria

by Detail Commercial Solicitors | Mar 2, 2026 | Newsletters

The Securities and Exchange Commission (SEC) recently released a circular on the revision of the minimum capital applicable to all categories of regulated capital market entities. The circular was released to strengthen market resilience, enhance investor protection,...
Analysis of CBN’s New Regulations on Cash Management and Dual Connectivity of Payment Terminals

Analysis of CBN’s New Regulations on Cash Management and Dual Connectivity of Payment Terminals

by Detail Commercial Solicitors | Jan 9, 2026 | Newsletters

Nigeria’s payment landscape is once again at a critical turning point. In response to recurring cash management challenges, POS network failures, and systemic vulnerabilities within the payments ecosystem, the Central Bank of Nigeria (CBN) has issued two significant...
Analysis of Nigeria’s Draft National Carbon Market Framework

Analysis of Nigeria’s Draft National Carbon Market Framework

by Detail Commercial Solicitors | Dec 2, 2025 | Newsletters

Nigeria’s newly approved National Carbon Market Framework (NCMF) by President Bola Ahmed Tinubu on 31 October 2025, signals a bold shift toward a more coordinated, credible, and investment-ready carbon market. Anchored on Nigeria’s obligations under the Paris...
UNPACKING THE 10 MAJOR SHIFTS IN NIGERIA’S NEW TAX ACTS

UNPACKING THE 10 MAJOR SHIFTS IN NIGERIA’S NEW TAX ACTS

by Detail Commercial Solicitors | Sep 29, 2025 | Newsletters

In August 2023, President Bola Ahmed Tinubu inaugurated the Fiscal Policy and Tax Reforms Committee (“the Committee”) with a mandate to undertake a comprehensive overhaul of Nigeria’s tax system. Pursuant to this mandate, the Committee developed four major tax reform...
REVOLUTIONIZING FINANCIAL SERVICES: THE FULL ROLLOUT OF OPEN BANKING IN NIGERIA

REVOLUTIONIZING FINANCIAL SERVICES: THE FULL ROLLOUT OF OPEN BANKING IN NIGERIA

by Detail Commercial Solicitors | Jul 11, 2025 | Newsletters

With the full rollout of Open Banking scheduled for August 2025, in this newsletter, we explore the intricacies of this pivotal development, exploring its foundational concepts, the framework guiding its implementation, and the profound implications for financial...
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