Highlight of the Key Provisions of Executive Order No.9

Highlight of the Key Provisions of Executive Order No. 9

Updates

On 13 February 2026, the Nigerian President signed the Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026 (“Executive Order No. 9 of 2026”), aimed at preventing revenue losses and unconstitutional deductions to ensure more funds are available for the federal, state, and local governments. The Executive Order restores the constitutional revenue entitlements that were altered by the enactment of the Petroleum Industry Act (PIA), 2021.

How to Obtain Internet Service Provider’s (ISP) License in Nigeria

How to Obtain Internet Service Provider’s (ISP) License in Nigeria

Business Advisory, computers and technology, Innovation and Technology, Telecommunications

The Nigerian telecommunication sector has continued to experience exponential growth by attracting interests from local and international investors. With a teeming youth population, increase in remote work, online streaming, Nigeria presents immense opportunity for investments in the telecommunication sector especially the provision of internet services.
An Internet Service Provider (ISP) is a company that provides access to the internet through various technologies including fibre-optics, satellite and cable, to individuals and organisations and may also provide other related services such as web hosting, etc.

A Review of the NRS February 2026 Notice

A Review of the NRS February 2026 Notice

Updates

On 3 February 2026, the Nigeria Revenue Service (NRS) issued an official notice clarifying the implementation and effective dates of the newly enacted tax laws, following public questions and debate regarding how and when the reforms would take effect. The notice provided guidance on the practical application of the 2025 Tax Reform Laws and reaffirmed the statutory commencement dates. For businesses and individuals, the clarification effectively signals the conclusion of the transition phase and it confirms that full compliance under the new tax regime is now expected.

The 2025 CBN Fintech Report - Shaping the Future of Fintech in Nigeria

The 2025 CBN Fintech Report: Shaping the Future of Fintech in Nigeria

Updates

The Central Bank of Nigeria (CBN) has released its inaugural fintech assessment report, detailing the strategic trajectory of the nation’s digital financial ecosystem. The data highlights a significant expansion in transaction infrastructure, with the Nigeria Inter-Bank Settlement System (NIBSS) processing approximately 11 billion transactions in 2024. This figure represents a 100% increase in volume compared to 2022, cementing Nigeria’s position as a global leader in real-time payments.