The Central Bank of Nigeria(CBN) Guidelines on Targeted Financial Sanctions (TFS) related to Terrorism & Terrorism Financing were released on the 15th of December 2022 pursuant to the CBN Anti-Money-Laundering/Combating the Financing of Terrorism (AML/CFT) Regulations 2022. These guidelines were…
International Maritime Trade is as old as the development of human societies by virtue of being the economic lifeblood of any group of people through the conveyance of goods between buyers and sellers across great distances. In modern commercial activities,…
The Pan-African Payment and Settlement System, PAPSS, framework was created by the Afreximbank in collaboration with the West African Monetary Institute (WAMI) as a test-run initiative and was introduced in Nigeria by virtue of the Central Bank of Nigeria CBN…
The Central Bank of Nigeria (CBN) has in recent times been more deliberate in seeing to fruition the National Financial Inclusion Strategy, in this case through the promotion of Digital Financial Services or DFS as a priority. To this end,…
It is becoming a practice for foreign companies desirous of maintaining a representative legal presence in Nigeria without intending to immediately carry on business in the country as subsidiaries of international businesses. These representative offices are most common in the…
