Deal HQ Partners
The Appropriation Bill was signed into law by the National Assembly on the 5th December, 2019 and assented by the President on the 17th December 2019.
The AMCON Act was also amended in 2015 and known as the AMCON Amendment Act, 2015 precisely on 25th May 2015.
To maintain and grow a functional economy, investors often require loans which are made available by commercial banks and other financial institutions using its depositors' funds upon security furnished for the repayment of such loans by the borrowing investors.
Brooks & Knights
The Nigerian Securities and Exchange Commission (SEC) has decided to develop a derivatives trading market in Nigeria.
Brooks & Knights
In 2019, the CBN issued a directive to all banks in Nigeria vide a circular titled, Letter to All Banks – New Offer Letter Clause for Credit Facilities2 dated August 26, 2019 in which the...
Brooks & Knights
The Finance Act 2020 was enacted by the National Assembly of the Federal Republic of Nigeria to amend eight (8) tax legislations viz Companies Income Tax Act, Value Added Tax Act,...
The ways in which an average Nigerian approaches financing has changed drastically within the past decade and the current financial services market is a reflection of this.
Financial institutions, the banks and the microfinance banks evolve to meet these needs and demands of loans.
Banwo & Ighodalo
As part of efforts to boost job creation, particularly among Nigerian youths, the Central Bank of Nigeria ("CBN"), in collaboration ...
The long awaited 2019 Finance Act has been published in the Gazette with a commencement date of Monday 13th January 2020 being the date it was signed into law by President Muhammadu Buhari.
Andersen Tax LP
There is a general consensus that the Finance Act 2019 (the Act), is a welcome legislation which addresses some of the major issues identified in our tax laws over the years.
The 2019 Finance Act recently given by the Mr President has undoubtedly been a heated topic of debate among Business and Legal commentators.
A few days ago, the President of the Federal Republic of Nigeria declined assent on the National Housing Fund Bill (the "NHF Bill") recently passed by the National Assembly.
The Nigerian banking sector is no stranger to mergers and acquisitions. It has probably seen the highest number of consolidation activity within the financial services sector in West Africa.
The President of the Federal Republic of Nigeria, Muhammadu Buhari, signed the Finance Bill, 2019 into law on 13 January 2020.
President of the Federal Republic of Nigeria, Muhammadu Buhari, has signed the Nigerian Tax and Fiscal Law (Amendment) Bill 2019
S.P.A. Ajibade & Co.
If you have ever clamoured against the increasing socio-economic and environmental problems in Nigeria or wondered how you can generate profitable returns from your investments.
Nigerian banks have become increasingly reluctant to lend to businesses that operate in the real sector thereby affecting the ability of these businesses to grow. In response, the Central Bank of Nigeria
The Bill seeks to promote fiscal equity, align domestic laws with global best practices and support Micro, Small and Medium-sized businesses.
After the first year of reporting, IFRS 9 has resulted in an increase in banks' provisioning levels on transition.