On 29th July 2024, the Nigerian government approved a game-changing directive for the oil industry. Starting October 1st, NNPCL will sell crude oil to local refineries in Naira, a move designed to stabilize fuel prices and ease foreign currency pressures....
The Lagos State Electricity Bill 2024 promises to reshape the power landscape of Lagos by creating an independent electricity market, reducing reliance on the national grid, and promoting renewable energy. With its focus on regulatory oversight, off-grid...
The Money Laundering (Prevention and Prohibition) Act, 2022 introduces stricter regulations for financial and non-financial businesses in Nigeria. It mandates reporting suspicious transactions, customer identification, and record-keeping, with significant...
The Money Laundering (Prevention and Prohibition) Act, 2022 introduces stricter regulations for financial and non-financial businesses in Nigeria. It mandates reporting suspicious transactions, customer identification, and record-keeping, with significant...
Africa\'s energy future is at a turning point. The newly established African Energy Bank aims to tackle the continent\'s energy poverty, reduce dependence on foreign capital, and drive sustainable development. Discover how this game-changing institution...
The Nigerian pension industry is increasingly embracing sustainability through the integration of Environmental, Social, and Governance (ESG) practices. With a growing focus on green investments, pension fund administrators (PFAs) are aligning their strategies...
In a landmark decision, Nigeria\'s Supreme Court has reinforced the financial autonomy of Local Governments, ruling against State Governors withholding funds. This judgment empowers Local Governments to receive direct allocations from the Federation Account,...
Nearly two decades after the introduction of the Contributory Pension Scheme (CPS), the Nigerian pension industry has witnessed transformative changes. Despite these advancements, persistent concerns remain regarding the value of savings remitted by employers...
Nigeria\'s Ministry of Finance issued the Deduction of Tax at Source (Withholding) Regulation 2024, reshaping the rules for Withholding Tax (WHT). This regulation emphasizes that WHT should not add extra costs to contracts. This article explores gross-up...
On January 29, 2024, COMESA fined the Confederation of African Football (CAF) and BEIN Media Group LLC $300,000 for anti-competitive practices related to exclusive broadcasting rights. This landmark sanction highlighted significant competition restrictions...