News & Insights

The European Commission hopes to develop a framework that will support the digitization of assets through tokenization.         The European Commission has designed a new Digital Finance framework including Digital Finance and Retail Payments Strategies, and legislative proposals on crypto-assets and digital resilience. This was disclosed in […]

At its July budget-setting meeting, the European Council made finding a way to help European Union Member States recover from the Covid-19 pandemic one of its top priorities. As the Council itself said at the time, ‘the socio-economic fallout from the COVID-19 crisis requires a joint and innovative effort at […]

  From Sanni Onogu, Abuja   FOR the African Continental Free Trade Agreement (AfCFTA) to yield the expected results, it must be backed by requisite legal frameworks, right policies and robust implementation, Senate President, Ahmad Lawan, has said He spoke when the delegation from the African Continental Free Trade Area […]

       Omodele Adigun and Uche Usim (Abuja) The Central Bank of Nigeria (CBN) has banned transfer of foreign exchange (forex) from one customer to another.  According to the apex bank, forex cash lodgements into domiciliary accounts can only be done by the account owners henceforth.   An internal memo available in the […]

Sources in the Presidency have disclosed that the President may be presenting the bill to the National Assembly.     President Muhammadu Buhari is expected to present the long-awaited Petroleum Industry Bill (PIB) to the Senate as early as next week. According to Reuters, who were quoting 4 sources familiar with […]

In July the British Government announced the first wave of targets of its new, post-Brexit sanctions regime. Forty-nine individuals and organisations have been targeted, meaning they are banned from entering the United Kingdom, channelling money through UK banks or ‘profiting from our economy’, as the government announcement stated. The list […]

The Governor of the CBN has announced the reduction of MPR from 12.5% to 11.5%.     The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to reduce the Monetary Policy Rate (MPR), from 12.5% to 11.5%. This was disclosed by Governor, CBN, Godwin Emefiele, […]

      By Goddy Egene The Nigerian Stock Exchange (NSE) has expressed its commitment to redefining and improving investors’ overall experience in the Nigerian capital market. The Chief Executive Officer of NSE, Mr. Oscar Onyema, who made the commitment at the inaugural edition of the Retail Investors’ theme: ‘Capital […]

The Minister revealed that Nigeria has set up a National Action Committee on AfCFTA.         Minister of Trade, Niyi Adebayo said Nigeria is currently in the process of securing approval to ratify the African Continental Free Trade Area (AfCFTA) agreement soon. The Minister disclosed this during a […]

      Nine cases have been listed for judgment by the ECOWAS Court between the 7th and 28th October 2020 following the resumption of court sessions after the two-month vacation of the judges of the Court.     The cases are part of the 19 cases filed against eight […]