Business
Capture your rights of enforcement in collateral agreements – BoG to Lenders
Lenders' right to enforcement under the Borrowers and Lenders Act, 2020 (ACT 1052) offers three remedies in the event a borrower defaults on payment.
DL News
Business
Business
Nigeria: Fidelity Bank PLC, others fined $857,000 over cryptocurrency transactions
The CBN circular of 5 February 2021 restricted deposit money banks (DMBs), nonbank financial institutions (NBFIs), and other financial institutions (OFIs) from facilitating cryptocurrency transactions. The account of any customer involved i...
Crypto Asset Buyer
Business
Desist from dealing in illegal forex activities - BoG
Such violations are punishable on a summary conviction, by a fine of up to 700 penalty units or a term of imprisonment of not more than 18 months, or even both.
DL News
Business
All there is to know about the Electronic Transfer Levy Act, 2022 (Act 1075)
The Electronic Transfer Levy Act, 2022 (Act 1075) as assented to by the President of the Republic, Nana Akufo- Addo on March 31, 2022, has imposed the Electronic Transfer Levy on electronic transfers.
DL News
Business
President Akufo-Addo assents E-levy bill, after passage on Tuesday
President Nana Akufo-Addo has signed the E-levy bill into law, following its passage by Parliament on Tuesday, March 29, 2022.
DL News
Business
251 defaulting institutions to be prosecuted in 2 weeks if - Data Protection Commission
Institutions that collect and process personal data are mandated by Section 46 of the Data Protection Act, 2012 (Act 843) to register with the commission.
DL News
Business
Parliament approves E-levy bill
The second reading of the levy saw the bill being adopted at the reduced rate of 1.5% from the initial proposed rate of 1.75%.
DL News
Business
Crime in books than in Practice: Black Market Foreign Exchange Businesses in Focus
The operators, who are mostly African foreign Nationals, like Nigerians, Nigeriens, Malians, and the likes however give better rates than the official Forex bureaus in the exchange of currencies.
Dennislaw Research Desk
Business
Government imposes moratorium on vehicle imports
"We will ensure that the overall effect is to reduce total vehicle purchases by the public sector, at least 50% for the period."
DL News
Business
Ukraine's President signs Virtual Assets Bill into law, legalizing Crypto
The law determines the legal status, classification, ownership and regulators of virtual assets, as well as setting registration requirements for crypto services providers.
CoinDesk