Nigeria
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Afreximbank signs US$500m credit facility with its trading platform ATDC, with Nigeria among first markets
Afreximbank has signed a US$500m Global Credit Facility with the Africa Trading and Distribution Company, with repayment tied…
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Central Bank of The Gambia orders banks to replace non-Gambian staff outside expatriate quotas by end-2026
The directive, citing the Labour Act 2023 and guideline 9 on expatriate staff, affects Nigerian-owned banks including First…
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High Court lets Niger Delta communities argue Shell is liable for all oil pollution in Bille and pursue misconduct allegations
In Alame v Shell, Mrs Justice Lambert ruled on 10 September 2026 that the Bille and Ogale claimants…
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Nigeria and the United States sign a Critical Minerals Framework Agreement
Signed in New York by Minister Dele Alake and Deputy Secretary Christopher Landau, the framework covers geological data,…
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Civil society calls for review of Nigeria’s investment treaties over energy transition risks
A Port Harcourt roundtable warned that investor-state arbitration provisions, including in the 1992 Nigeria-Netherlands BIT, could chill environmental…
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NMDPRA approves Q4 petrol import permits as Dangote’s challenge to import licences continues
Permits covering about 830,000 tonnes were reportedly issued on 18 September; the refinery argues the PIA allows import…
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NSIA and Africa50 launch US$300m fund for Nigerian mini-grids and solar systems
The Nigeria Sovereign Investment Authority and Africa50 will co-manage a US$300m Distributed Renewable Energy Fund, launched at the…
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Nigeria’s 15% minimum effective tax rate: who pays top-up tax under the Nigeria Tax Act
Section 6(3) makes Nigerian parents liable for low-taxed foreign subsidiaries; section 57 applies to large and multinational groups.
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Court of Appeal: a recognised London award can ground a winding-up petition in Nigeria
In Xerxes v CEC, arising from the AEDC acquisition consortium, Nigeria’s Court of Appeal upheld a winding-up order…
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CBN Foreign Exchange Manual 2026 replaces the 2018 edition with 21 memoranda
Changes cover electronic interbank trading, IMTOs, service exports, capital importation and e-CCIs, domiciliary accounts and PAPSS.
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