Newsletters

Nigeria’s Presidential Executive Order on Virtual Assets Coordination 2026 introduces a more coordinated approach to regulating virtual assets. By bringing the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and other key agencies together, the...

The Corporate Affairs Commission (CAC) has announced that it will commence full enforcement of the statutory disclosure requirements for company business letters from 1 August 2026. Companies are expected to ensure that their business letters and document templates comply with...

The NERC Net Billing Regulations 2026 establish a new framework for integrating distributed renewable energy into Nigeria's electricity sector by enabling eligible consumers to export excess solar power to the grid in exchange for energy credits. In this article, we examine the...

The Central Bank of Nigeria (CBN) is reshaping Nigeria's payments ecosystem with its June 2026 Circular introducing new market structure, data localisation, beneficial ownership, and systemic oversight requirements. The Circular seeks to promote fair competition, strengthen...

Nigeria's upstream petroleum sector is entering a new era of decommissioning accountability with the introduction of the Nigerian Upstream Petroleum Decommissioning and Abandonment Regulations 2026, a revised framework designed to provide a more commercially workable and...

Nigeria’s financial market is entering a new era with the introduction of the Nigerian Overnight Financing Rate (NOFR), a unified benchmark designed to provide a more accurate reflection of short-term funding costs and market conditions. This reform aims to improve...

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...