--- title: Afriwise Blog | Nigeria (4) description: Nigeria | (4) --- [![Afriwise](https://insights.afriwise.com/hubfs/Logos/Afriwise/Afriwise%20logo.svg)](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) - [Insights](https://insights.afriwise.com/blog) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - Insights - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) # Welcome to Africa’s legal blog Never miss a beat on Africa's legal and regulatory landscape. - [Legislation (287)](https://insights.afriwise.com/blog/tag/legislation) - [South Africa (227)](https://insights.afriwise.com/blog/tag/south-africa) - [Nigeria (157)](https://insights.afriwise.com/blog/tag/nigeria) - [Kenya (151)](https://insights.afriwise.com/blog/tag/kenya) - [Financial Services (128)](https://insights.afriwise.com/blog/tag/financial-services) - [ICT (106)](https://insights.afriwise.com/blog/tag/ict) - [Tanzania (102)](https://insights.afriwise.com/blog/tag/tanzania) - [Regulation (87)](https://insights.afriwise.com/blog/tag/regulation) - [Corporate Commercial (84)](https://insights.afriwise.com/blog/tag/corporate-commercial) - [Tax (84)](https://insights.afriwise.com/blog/tag/tax) - [Case discussion (78)](https://insights.afriwise.com/blog/tag/case-discussion) - [Uganda (66)](https://insights.afriwise.com/blog/tag/uganda) - [Intellectual Property (58)](https://insights.afriwise.com/blog/tag/intellectual-property) - [Energy & Natural Resources (57)](https://insights.afriwise.com/blog/tag/energy-natural-resources) - [Ghana (55)](https://insights.afriwise.com/blog/tag/ghana) - [Employment and labour (52)](https://insights.afriwise.com/blog/tag/employment-and-labour) - [Data Protection (49)](https://insights.afriwise.com/blog/tag/data-protection) - [Mozambique (49)](https://insights.afriwise.com/blog/tag/mozambique) - [Commercial Crime (48)](https://insights.afriwise.com/blog/tag/commercial-crime) - [Competition/Antitrust (48)](https://insights.afriwise.com/blog/tag/competition-antitrust) - [Dispute Resolution (47)](https://insights.afriwise.com/blog/tag/dispute-resolution) - [Mauritius (46)](https://insights.afriwise.com/blog/tag/mauritius) - [Environment (44)](https://insights.afriwise.com/blog/tag/environment) - [Zambia (38)](https://insights.afriwise.com/blog/tag/zambia) - [Projects and Procurement (26)](https://insights.afriwise.com/blog/tag/projects-and-procurement) [Commercial Crime](https://insights.afriwise.com/blog/tag/commercial-crime) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Foreign legislation](https://insights.afriwise.com/blog/tag/foreign-legislation) [Templars](https://insights.afriwise.com/blog/author/templars) ## [The United Kingdom’s New “Failure to Prevent Fraud” Offence: Impact on Nigerian Companies](https://insights.afriwise.com/blog/the-united-kingdoms-new-failure-to-prevent-fraud-offence-impact-on-nigerian-companies) In a bid to aggressively confront and address economic crimes and fraud which accounted as the most common offence in the United Kingdom, amounting to 41% of all crime in September 2022, the Economic Crime and Corporate Transparency Act 2023 was promulgated as one in a se.. [Read More](https://insights.afriwise.com/blog/the-united-kingdoms-new-failure-to-prevent-fraud-offence-impact-on-nigerian-companies) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [ICT](https://insights.afriwise.com/blog/tag/ict) [Aelex](https://insights.afriwise.com/blog/author/aelex) ## [NCC Suspends Issuance of Licences](https://insights.afriwise.com/blog/ncc-suspends-issuance-of-licences) In a public notice issued on the 17th of May, the Nigerian Communications Commission (NCC) notified stakeholders of the temporary suspension of licences in three categories, namely: Interconnect Exchange License (‘IEX’), Mobile Virtual Network Operator License (‘MVNO’), a.. [Read More](https://insights.afriwise.com/blog/ncc-suspends-issuance-of-licences) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [Cybercrime levy](https://insights.afriwise.com/blog/tag/cybercrime-levy) [Andersen](https://insights.afriwise.com/blog/author/andersen) ## [CBN Withdraws Circular on the Collection and Remittance of National Cybersecurity Levy](https://insights.afriwise.com/blog/cbn-withdraws-circular-on-the-collection-and-remittance-of-national-cybersecurity-levy) The Central Bank of Nigeria on 17 May 2024 issued a circular withdrawing its earlier circular dated 6 May 2024 which mandated all banks, mobile money operators, and payment service providers to implement a cybersecurity levy in accordance with the relevant provisions of t.. [Read More](https://insights.afriwise.com/blog/cbn-withdraws-circular-on-the-collection-and-remittance-of-national-cybersecurity-levy) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Legislation](https://insights.afriwise.com/blog/tag/legislation) [ICT](https://insights.afriwise.com/blog/tag/ict) [Cybercrime](https://insights.afriwise.com/blog/tag/cybercrime) [Levies](https://insights.afriwise.com/blog/tag/levies) [Pavestones](https://insights.afriwise.com/blog/author/pavestones) ## [Regulation of cybercrime in Nigeria and the Cybersecurity Levy](https://insights.afriwise.com/blog/regulation-of-cybercrime-in-nigeria-and-the-cybersecurity-levy) On May 6, 2024, the Central Bank of Nigeria published a circular providing “Implementation Guidance on the Collection and Remittance of the National Cybersecurity Levy” introduced by the Cybercrime (Prohibition, Prevention, etc.) Act of 2015 and amended by the Cybercrime .. [Read More](https://insights.afriwise.com/blog/regulation-of-cybercrime-in-nigeria-and-the-cybersecurity-levy) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [ICT](https://insights.afriwise.com/blog/tag/ict) [Telecommunications](https://insights.afriwise.com/blog/tag/telecommunications) [Regulations](https://insights.afriwise.com/blog/tag/regulations) [Aluko & Oyebode](https://insights.afriwise.com/blog/author/aluko-oyebode) ## [Nigerian Communications Commission Publishes Draft Telecommunications Networks Interconnection Regulations](https://insights.afriwise.com/blog/nigerian-communications-commission-publishes-draft-telecommunications-networks-interconnection-regulations) The Nigerian Communications Commission in exercise of its functions under the Nigerian Communications Act has published three draft regulations and guidelines for stakeholders’ comments. The draft documents seek to amend and repeal the existing regulations and guidelines... [Read More](https://insights.afriwise.com/blog/nigerian-communications-commission-publishes-draft-telecommunications-networks-interconnection-regulations) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [ICT](https://insights.afriwise.com/blog/tag/ict) [Crypto-currency](https://insights.afriwise.com/blog/tag/crypto-currency) [Case discussion](https://insights.afriwise.com/blog/tag/case-discussion) [Data Privacy](https://insights.afriwise.com/blog/tag/data-privacy) [Trusted Advisors](https://insights.afriwise.com/blog/author/trusted-advisors) ## [Legality or otherwise of the order compelling Binance to release the list of Nigerian traders on its platform to EFCC](https://insights.afriwise.com/blog/legality-or-otherwise-of-the-order-compelling-binance-to-release-the-list-of-nigerian-traders-on-its-platform-to-efcc) On the 19th of February 2024, Honourable Justice Emeka Nwite, sitting at the Federal High Court in Abuja, ordered one of the world’s largest cryptocurrency exchanges, Binance to divulge information about all Nigerians using its trading platform to the Economic Financial C.. [Read More](https://insights.afriwise.com/blog/legality-or-otherwise-of-the-order-compelling-binance-to-release-the-list-of-nigerian-traders-on-its-platform-to-efcc) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [Templars](https://insights.afriwise.com/blog/author/templars) ## [Central Bank of Nigeria (CBN) New Minimum Capital Requirements for Banks](https://insights.afriwise.com/blog/central-bank-of-nigeria-cbn-new-minimum-capital-requirements-for-banks) On 28 March 2024, the Central Bank of Nigeria revised the minimum capital requirements for banks aimed at strengthening the Nigerian financial system and actualizing the Nigerian Government’s objective to achieve a US$1 trillion economy in gross domestic product terms by .. [Read More](https://insights.afriwise.com/blog/central-bank-of-nigeria-cbn-new-minimum-capital-requirements-for-banks) [Corporate Commercial](https://insights.afriwise.com/blog/tag/corporate-commercial) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Non-Governmental Organisations](https://insights.afriwise.com/blog/tag/non-governmental-organisations) [Dentons](https://insights.afriwise.com/blog/author/dentons) ## [A review of the draft Nigerian Not-For-Profit Governance Code 2023](https://insights.afriwise.com/blog/a-review-of-the-draft-nigerian-not-for-profit-governance-code-2023) The Financial Reporting Council of Nigeria recently released an exposure draft of the Nigerian Not-For-Profit Governance Code, 2023 and called for input from the public on the proposed Code. The proposed Code is the outcome of deliberations of the Technical Working Group .. [Read More](https://insights.afriwise.com/blog/a-review-of-the-draft-nigerian-not-for-profit-governance-code-2023) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Energy and natural resources](https://insights.afriwise.com/blog/tag/energy-and-natural-resources) [Regulations](https://insights.afriwise.com/blog/tag/regulations) [G. Elias & Co.](https://insights.afriwise.com/blog/author/g.-elias-co) ## [Review of the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024](https://insights.afriwise.com/blog/review-of-the-oil-and-gas-companies-tax-incentives-exemption-remission-etc.-order-2024) On February 28, 2024, President Bola Ahmed Tinubu issued the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024. The Order provides for certain fiscal incentives aimed at supporting companies within the Nigerian oil and gas industry. The incent.. [Read More](https://insights.afriwise.com/blog/review-of-the-oil-and-gas-companies-tax-incentives-exemption-remission-etc.-order-2024) [Previous](https://insights.afriwise.com/blog/tag/nigeria/page/3) [1](https://insights.afriwise.com/blog/tag/nigeria/page/1) [2](https://insights.afriwise.com/blog/tag/nigeria/page/2) [3](https://insights.afriwise.com/blog/tag/nigeria/page/3) [4](https://insights.afriwise.com/blog/tag/nigeria/page/4) [5](https://insights.afriwise.com/blog/tag/nigeria/page/5) [6](https://insights.afriwise.com/blog/tag/nigeria/page/6) [7](https://insights.afriwise.com/blog/tag/nigeria/page/7) [8](https://insights.afriwise.com/blog/tag/nigeria/page/8) [9](https://insights.afriwise.com/blog/tag/nigeria/page/9) [10](https://insights.afriwise.com/blog/tag/nigeria/page/10) [11](https://insights.afriwise.com/blog/tag/nigeria/page/11) [12](https://insights.afriwise.com/blog/tag/nigeria/page/12) [13](https://insights.afriwise.com/blog/tag/nigeria/page/13) [14](https://insights.afriwise.com/blog/tag/nigeria/page/14) [15](https://insights.afriwise.com/blog/tag/nigeria/page/15) [16](https://insights.afriwise.com/blog/tag/nigeria/page/16) [17](https://insights.afriwise.com/blog/tag/nigeria/page/17) [18](https://insights.afriwise.com/blog/tag/nigeria/page/18) [Next](https://insights.afriwise.com/blog/tag/nigeria/page/5) Subscribe to our newsletter - [Home](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [FAQ](https://afriwise.com/faq/) - [News](https://news.afriwise.com/) - [Contact](https://afriwise.com/contact/) [Privacy Policy](https://afriwise.com/contact/) [Terms of Use](https://afriwise.com/contact/) [info@afriwise.com](mailto:info@afriwise.com) +32 2 808 92 74 © Afriwise N.V. 2026