By Ebere Frankline Chisom[1] Introduction Nigeria’s foreign exchange management and tax policies have long suffered from myriad challenges in regulation, implementation, and enforcement. However, catalysed by the Tinubu administration’s ambitious economic agenda, Nigeria now stands at the cusp of another major overhaul of its foreign exchange and tax frameworks. The slate of proposals by the…
In a seminal move aimed at fortifying Nigeria’s banking landscape, the Central Bank of Nigeria (CBN) recently issued a memo mandating a comprehensive review of the Minimum Capital Requirement for operating commercial banks. Under this directive, commercial banks are now required to maintain a minimum capital of N500 billion for international authorization and N200 billion…
Ramadan 💫 The month of Ramadan marks the revelation of the Quran to humanity, providing unambiguous guidance and the benchmark for determining what is right and wrong. Muslims strive to increase their self-discipline and spend more time in prayer and charitable deeds, inspired by hadith:”The gates of hell are closed and the devils are bound…