Cryptocurrency Ban in Nigeria – History, Implication, and Effect

Articles, EnglishBy Centurion Law GroupFebruary 16, 2021

Introduction  In a letter dated 5 February 2021[1], the Nigerian government through its apex bank – the Central Bank of Nigeria (“CBN”) – clamped down on cryptocurrencies in Nigeria. The letter specifically mentions that all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (“NBFIs”) and Financial Institutions (“FIs”) must comply with the following directives: Stop the…

Equatorial Guinea’s customs, duties and formalities for exports and imports at the land borders with Cameroon and Gabon: Could this be the first steps to implement the AfCFTA?

Articles, EnglishBy Centurion Law GroupFebruary 16, 2021

One of the most stressful exercises for a merchant results from the payment of tax obligations, especially when those taxes emanate from a poorly regulated and difficult to control trade system.