New Private Equity Rules in Nigeria – New Updates
Private equity funds in Nigeria with a target size of ₦5 billion or less are now exempt from full SEC registration, though they must still file governing documents and obtain a no-objection from the SEC.
The CBN FX Code: Moving From Rules to Principles
The introduction of the draft CBN FX Code marks a significant milestone in Nigeria’s foreign exchange market regulation as it signifies a shift away from a regulatory approach that is largely rules-based toward a more dynamic, principles-based regulatory approach. Effectively,
The CBN FX Code: Key Principles
The draft FX Code, issued by the Central Bank of Nigeria (CBN) in October 2024, establishes a set of principles designed to promote a robust, fair, and transparent foreign exchange market. The FX Code seeks to enhance the integrity and...
Finance Act 2023: Key Updates to Nigeria’s corporate tax regime
This legal update provides a high-level summary of the changes made by the Finance Act 2023 which became effective as of May 1, 2023. Businesses are advised to consult with their legal advisors for professional guidance to ensure compliance with...