An Overview of the Draft Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria 2024

The Central Bank of Nigeria (CBN) recently issued a draft of the Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria (the “Draft Guidelines”). The Draft Guidelines outline specific parameters for the operations of Bureau De Change (BDC) operators in Nigeria and once finalised, will replace the Revised Operational Guidelines for Bureaux […]

Music Licensing: A reminder from the Universal Music Group and TikTok Scuffle

On Tuesday 30th January 2024, Universal Music Group (UMG), the world’s largest music label released an open letter to its artists and songwriters stating that all music owned by the label and its artists would soon be taken off TikTok? due to disagreements with TikTok on compensation, Artificial Intelligence (Al) infringements and harassment. UMG’s statement […]

Sustainable Finance in Nigeria: A Case for its Development

In a world beset by environmental, social, and economic challenges, it has become increasingly necessary for a realignment of common goals; one of these is the sustainability of the earth. The financial sector holds enormous power in funding and bringing awareness to issues of sustainability, whether by allowing for research and development of alternative energy […]

Obstacles on Nigeria’s Road to Increasing Tax Revenues

The Tax Appeal Tribunal (TAT or “the Tribunal”) sitting in Lagos, recently delivered judgment in an appeal, Checkpoint Software Technologies B. V. Nig Ltd v Federal Inland Revenue Service, in which it set aside penalties imposed by the Federal Inland Revenue Service (FIRS) for non-compliance with the filing obligations prescribed by the Country-by-Country Reporting Regulations […]

Assessing the Practicability of the Deeming Provisions of the Business Facilitation (Miscellaneous Provision) Act

The enactment of the Business Facilitation Act of 2023 (“the Act”) marks a significant milestone in the efforts of the Presidential Enabling Business Environment Council (PEBEC) to enhance the ease of doing business and improve service delivery by Nigerian Ministries, Departments and Agencies (MDAs). This legislation represents a crucial intervention aimed at streamlining processes, reducing […]