Background In today’s digital economy, data has emerged as one of the most valuable assets, driving business strategies, enhancing customer experiences, and unlocking new revenue streams. This includes various types of data such as demographic information, customer or business contact…
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Introduction As part of a comprehensive examination of the legal frameworks and operational landscapes surrounding Free Trade Zones (FTZs) in Nigeria, this article explores the complexities of capital repatriation and the financial regulations that govern Free Zone Enterprises (FZEs).…
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Introduction In recent years, the rise of digital assets has revolutionized the global financial landscape, and Nigeria is no exception. As one of Africa’s largest economy and most populous nation, Nigeria has seen a surge in the adoption of cryptocurrencies,…
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The digital asset ecosystem in Nigeria is rapidly evolving, fueled by the rise of blockchain technology, cryptocurrencies, and other virtual assets. In order to regulate and harness the potential of this growing sector, the Securities and Exchange Commission (SEC)…
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The Accelerated Regulatory Incubation Program (ARIP), introduced by the Securities and Exchange Commission (SEC) of Nigeria, is a pivotal framework designed to streamline the onboarding process of Virtual Assets Service Providers (VASPs) and Digital Investments Service Providers (DISPs). This program…
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Background In the rapidly evolving landscape of financial technology, regulatory frameworks are crucial for ensuring market integrity, protecting investors, and fostering innovation. One significant initiative in this realm is the Securities and Exchange Commission’s (SEC) Accelerated Regulatory Incubation Program (ARIP).…
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Background Recapitalization is a process often mandated by regulatory authorities to ensure the financial stability of banks. It refers to the process of increasing a bank’s financial strength by raising additional capital. In Nigeria, the Central Bank of Nigeria…
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Background Nigerian Free Trade Zones (FTZs) are designated areas where businessesare afforded favorable conditions, including reducedregulatory burdens and tax incentives to encourage investment and economic activity. However, it is imperative to emphasize that Companies doing business within these zones must…
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Nigeria’s Free Trade Zones (FTZs) are valuable for businesses, offering significant advantages, especially regarding tax incentives and legal benefits. These zones are strategically designed to drive economic growth by attracting foreign and domestic investments, facilitating job creation, and promoting the…
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Background A free-trade zone (FTZ) is a class of special economic zones. It is defined by the Nigerian Export Processing Zone Authority as a geographically designated area deemed to be outside the customs territory within which national regulations to company registration, production,…
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