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The Securities and Exchange Commission (SEC) is the main body that regulates securities in Nigeria. It was empow- ered by the Investment and Securities Act (ISA) to act as the apex regulatory organization for the Nigerian capital market to carry out various functions...

When most banks discover that a customer has in his/her possession counterfeit bank notes, the counterfeit money is usually collected and mutilated, and the customer cautioned. The bank does this when the customer has one or a few counterfeit notes in his possession...

In this article, we would detail the regulatory regime and process for dissolving marriages in Nigeria. As an initial step, we will recommend that you seek legal advice after making the diffi- cult decision to divorce. This is because having an initial meeting with...

All airlines in Nigeria are expected to have an Air Transport Licence. In this write-up, we shall be examining the major requirements for the grant of air transport licence in Nigeria. An Air Transport Licence relates to the nature, ownership and financial health of...

In this article, we shall be looking at some of the key changes introduced by the 2021 Finance Act. The Finance Bill 2021 was signed into law by President Buhari on the 31st of December, 2021. The Finance Act 2021 amends relevant tax, excise and duties statutes in...

This is the concluding part about our Taxes in Nigeria series. In this concluding part, we shall be discussing the tax regime for individuals in Nigeria. PAYE - Pay as You Earn Personal Income Tax Resident Tax, etc [button...

According to the Legal Information Institute, tax is any charge of money or property that is imposed by a government upon individuals or entities that are within the government's authority to collect. This charge or levy is typically imposed on taxpayers in order to...

In this article, we shall be examining the legislative framework available in the telecommunications industry in Nigeria. The Nigerian Communications Commission Act No. 19 of July, 2003 (2003 Act) is the primary legislation regulating the telecommunications industry...

The Petroleum Industry Act (Act) was finally signed into law on the 16th of August 2021 by President Muhammadu Buhari, the President of the Federal Republic of Nigeria. The passage of the Act after almost 20 years in the making is a significant milestone for the...