Newsletters

Nigeria’s mini-grid framework has evolved alongside broader power sector reforms. The Nigerian Electricity Regulatory Commission (NERC) Mini-Grid Regulations 2016 established the regulatory foundation for mini-grids in Nigeria. The 2023 update to the regulation refined this...

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 BDCs in...

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, align...

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 regulatory...

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 Agreement and the...

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 bills...

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 institutions,...

The Securities and Exchange Commission (SEC) has released a fresh Guidance Note clarifying its recent Circular on the Transmutation of Independent Non-Executive Directors and Tenure of Directors. This development has far-reaching implications for Capital Market Operators (CMOs)...

The Nigerian Investment Promotion Commission (NIPC) has introduced a revised Service Fee Schedule, impacting business registrations and Pioneer Status Incentive (PSI) applications. These changes reflect the Commission’s drive to enhance service delivery and support investment...

The Central Bank of Nigeria (CBN) has taken a bold step towards strengthening the country's foreign exchange market with the introduction of the Nigeria Foreign Exchange Code (FX Code). With this move, Nigeria aligns with global financial hubs like the United Kingdom and Hong...

The Nigerian tax landscape is on the brink of transformation with four key tax reform bills currently under review. From tax harmonization to revenue administration and dispute resolution, these bills aim to simplify processes, attract foreign investment, and strengthen the...

The 2024 Domestic Base Price (DBP) for natural gas reflects a significant milestone in Nigeria’s efforts to drive investment in the energy sector while addressing market realities. Our newsletter provides insight into the key provisions of the pricing framework, its...