On 31st december 2020 president muhammadu buhari signed the finance bill 2020 now finance act into law the finance act 2020 the act which has a commencement date of 1st january 2021 was signed into law alongside the 2021 appropriation bill now appropriation act the act introduces significant changes to a number of tax and regulatory laws in nigeria including the introduction of covid 19 incentives alongside other changes. This act repeals the bank and other financial institutions act 1991 and now regulates the businesses of banks and other financial institutions in nigeria below are some key revisions introduced in the 2020 bofia. The origin and development of banking in nigerian can be classified into phases give an over view of the phases in which banking originated and developed to the present day nigeria 70 references further readings 1 goldface irokalibe i j law of banking in nigeria malthouse press limited lagos 2007. Nigeria chapter to banking regulation 2020 does not exists if you wish to enquire as to whether this country chapter is available in a previous edition of energy in print or pdf format contact us here check availability if you are a legal practitioner interested in contributing this country chapter to a future edition of this guide please contact us here send us a question alternative
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