Nigeria Compliance Hub

Code of Conduct

Every operator is bound by a Code of Conduct which sets out business principles. This Code is set out to protect the public, ensuring that investments made by them are safe and secure. This Code of conduct are released by regulators to guide the Board and Executive Management of companies.

Banks and Other Financial Institutions Act (BOFIA)

2016-12-20 11:08 AM | by Nigeria Compliancehub

An Act to regulate banking and other financial institutions and for matters connected therewith.

Banks (Motor Vehicle Loans) (Miscellaneous Provisions) Act

2016-12-20 10:52 AM | by Nigeria Compliancehub

This is an Act to prohibit the sale, disposal or parting with possession of a motor vehicle on which a bank loan is still outstanding and to require the licensing authority to enter all particulars on the loan in the register.Read more

Bank Employees, Etc. (Declaration of Assets) Act

2016-12-20 10:44 AM | by Nigeria Compliancehub

This is an Act to make provisions for the declaration of assets by employees of banks operating in Nigeria and to empower the President to extend its application to other categories of persons.

Central Bank of Nigeria Act

2016-12-20 10:30 AM | by Nigeria Compliancehub

This is an Act to repeal the Central Bank of Nigeria Act 1991 and to establish the Central Bank of Nigeria Act; and for related matters.

The principal objects of the Bank shall be to ensure monetary and price stability; issue legal tender currency… Read more

Company and Allied Matter Act

2016-12-16 12:28 PM | by Nigeria Compliancehub

An Act to establish the Corporate Affairs Commission, provide for the incorporation of companies and incidental matters, registration of business names and the incorporation of trustees of certain communities, bodies and… Read more

Bills of Exchange Act

2016-12-16 11:28 AM | by Nigeria Compliancehub

This is an Act to codify the law relating to bills of exchange, cheques and promissory notes. Read more

Company Income Tax Act

2016-12-15 4:51 PM | by Nigeria Compliancehub

Companies are mandated by law to pay Company Income Tax (CIT) in Nigeria based on the profit. The amount charged is 30% o the profit earned in the year preceding assessment.

Companies resident in Nigeria are liable for CIT on their worldwide income and non-resident companies are liable only to CIT… Read more

Company Income Tax Act Amendment

2016-12-15 4:40 PM | by Nigeria Compliancehub