2 April 2024
Central Bank of Nigeria (CBN) New Minimum Capital Requirements for Banks
On 28 March 2024, the Central Bank of Nigeria (CBN) 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 gros18 March 2024
SEC Proposes New Amendments to its Rules on Issuance, Offering Platforms and Custody of Digital Assets
On 15th March 2024, the Securities and Exchange Commission (SEC) in Nigeria proposed amendments to its rules on digital assets including the introduction of additional requirements for virtual asset service providers.11 March 2024
Do We (Finally) Have Lift-off? Nigerian President Issues Policy Directives to Unlock Investments in the Nigerian Energy Sector
This Client Alert by TEMPLARS Partner, Dayo Okusami, Senior Associate, Damilola Oshodi, and Associate, Mariam Adebayo examines the New Policy Directives issued by the Nigerian President on 6th March 2024 to boost investment in the energy sector.7 March 2024
Navigating the Regulatory Headwinds for Crypto Exchanges in Nigeria
In what is widely considered an intensified effort to defend the Naira, the Central Bank of Nigeria (CBN) appears to have taken several steps against crypto exchanges, including blocking access to the websites of several global crypto exchanges.29 February 2024