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AN UPDATED OVERVIEW OF THE IMPACT OF THE PROPOSED WINDFALL TAX ON NIGERIA’S FINANCIAL SECTOR
The proposed windfall tax; one of the most debated provisions in the revised Finance (Amendment) Bill, 2023, continues to shape fiscal conversations in Nigeria. Initially submitted to the National Assembly on 17 July 2024, the Bill seeks to increase government revenue for essential national priorities, including education, healthcare, public welfare, and capital infrastructure. After it […]
The Real Estate Conundrum in Nigeria
Introduction Real estate plays a pivotal role in Nigeria’s economy. In 2024, following the GDP rebasing exercise by the National Bureau of Statistics (NBS), the sector was stated to have contributed N41.3 trillion( amounting to 5.45 percent) to Nigeria’s economy, making it the third-largest sector after Trade and Crop Production. This was a marked increase […]
THE LEGAL IMPLICATIONS OF DIGITAL LENDING IN NIGERIA:CONSUMER PROTECTION AND REGULATORY OVERSIGHT
Introduction The digital lending industry in Nigeria has grown exponentially in recent years. With the rise of fintech companies, loans are now more accessible to the average Nigerian, who can easily obtain credit through mobile applications without the need for traditional banking intermediaries. While this innovation has advanced financial inclusion, it has also raised new […]