The Expatriate Employment Levy (EEL) handbook was recently issued by the Ministry of Interior and was launched by the Nigerian president, on 27 February 2024. The EEL is a government-mandated…
2022 has been an incredibly busy and exciting year in the Nigerian legal and regulatory environment. There were major and far-reaching changes ushered in by the regulatory authorities particularly the Central Bank of Nigeria (CBN). There were also major developments relating to Banking and Finance, Competition and Consumer Protection, Startups, Capital Markets, Insolvency, etc. In this article, we have highlighted some of the major legal, regulatory, and judicial changes that occurred in 2022.
A Review of the Nigerian Finance Act 2021: On 31 December 2021, the Nigerian President signed the Finance Act 2021 (the Act) into law. The Act came into effect on…
Nigeria operates a free-market economy and there are no restrictions on foreigners setting up companies in Nigeria. Subject to the laws of Nigeria, a foreign individual or entity can set…