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THE CENTRAL BANK OF NIGERIA’S CIRCULAR ON BANK VERIFICATION NUMBER AND NATIONAL IDENTITY NUMBER COMPLIANCE

by Stren & Blan Partners | Dec 6, 2023 | Uncategorized

The Central Bank of Nigeria (the “CBN”) on 1 December, 2023, in its continuous efforts to promote financial system stabilityand accountability, has issued a crucial amendment to the Regulatory Framework for Bank Verification Number (BVN) Operations and Watch-List for...

CORPORATE AFFAIRS COMMISSION TO COMMENCE FULL APPLICATION OF PENALTIES FOR FAILURE TO FILE ANNUAL RETURNS BY COMPANIES

by Stren & Blan Partners | Nov 28, 2023 | Uncategorized

The Corporate Affairs Commission (CAC) has recently issued a public notice that serves as a timely reminder to all companies operating in Nigeria about the importance of filing annual returns and the consequences of non-compliance, clearly stipulating the penalties...

EXTENSION OF THE VALIDITY PERIOD OF THE INVESTMENT AND SECURITIES (EXEMPTION OF STATE GOVERNMENTS, ETC) ORDER 2019

by Stren & Blan Partners | Nov 24, 2023 | Uncategorized

INTRODUCTION The Securities & Exchange Commission (“SEC”) on the 22nd of September 2023, published a statement (the “Press Release”) informing the public that the Federal Ministry of Finance has approved a further extension of the validity period of the Investment...

NIGERIA DATA PROTECTION COMMISSION: GUIDANCE NOTICE ON THE IMPORTANCE OF FILING DATA PROTECTION COMPLIANCE AUDIT RETURNS(CAR) FOR 2022

by Stren & Blan Partners | Nov 22, 2023 | Uncategorized

The Nigeria Data Protection Act (NDPA) 2023 was recently passed as a comprehensive legal framework in Nigeria providing for compliance and best practices in data processing for all companies in Nigeria that process the personal information of persons resident in...

THE ROLE OF CREDIT RATING AGENCIES IN SOVEREIGN DEBT RESTRUCTURING IN AFRICA

by Stren & Blan Partners | Nov 15, 2023 | Uncategorized

INTRODUCTION In the last decade, the sovereign debt of developing countries in Africa has almost doubled with the effects of the recent COVID-19 pandemic being one of the contributors. Globally,the Ukraine-Russia war is having detrimental effects on global financial...
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