BDC: Facts on CBN Guidelines on Bureau De Change   CBN Releases Reversed Regulatory And Supervisory Guidelines For Bureau De Change Operations In Nigeria, Here Are Key Points : 1● Non-Eligible Promoters: Certain entities like banks, government agencies, NGOs etc are not allowed to have ownership stake...

FIRS Suspends Implementation of VAT Guidelines   The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified compliance regime on the supply of low-value goods through digital means by non-resident suppliers. In a statement, it said the postponement...

CBN Releases e-invoicing Guidelines For Import, Exports   The Central Bank of Nigeria (CBN) has released guidelines for the newly-introduced electronic invoicing (e-invoicing) and evaluator for exporters and importers, saying the process commences on February 1, 2022. The new regulation, it stated, is aimed at determining the...

CBN Releases Guidelines For eNaira   Following the launch of the enaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5,000 downloads within hours of the launch. This is as the apex bank...

CBN Releases Guidelines To Regulate Mobile Money Services         The Central Bank of Nigeria, CBN, has released Regulatory Guidelines and Framework for Mobile Money Services in the country to create an enabling environment for orderly introduction and management of the services. The guidelines stated that the c...

Banks Implement Fresh CBN Guidelines On Debt Recovery   Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks. Experts who spoke to our correspondent said the...