Archived edition · 20:33 Lagos
Thursday 10 September
- New articles analysed in today’s runs
- 13
- High-risk articles today
- 1
- Board appointments today
- 0
- Contract awards today
- 0
Key Developments
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Anti-Money Laundering (AML) Tightening
The Central Bank of Nigeria (CBN) is intensifying regulatory oversight and controls over commercial banks specifically to mitigate risks associated with terrorism financing ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMimwFBVV95cUxNXzU1TWl4ODNFYkFPNURTMXhjN19XV0pPVjV4VXBWUlY4VmR4V2pVaDhxOUdBQXZKZUJlT1JmdkRxN1ZsYi1nSmt6VEFXVHFRbUdGREh1TmNsWUgzR1psYThiTi11SDJFQVBZYm1lX0NsTk5Vb2dsYTlxZlotVk9TMlZ3eFowd3N1cndpYkF2LUpHRGQ5RjFvMU1yYw?oc=5)).
-
Energy Sector Mandates
The Nigerian Electricity Regulatory Commission (NERC) has ordered Distribution Companies (DisCos) to divert up to 60% of surplus revenue into a mandatory grid upgrade fund ([independentng](https://independent.ng/nerc-orders-discos-to-channel-up-to-60-of-surplus-revenue-into-mandatory-grid-upgrade-fund/)).
-
Tax Reform Digitalization
The Federal Government is strengthening digital compliance measures to modernize tax reform initiatives ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMihgFBVV95cUxPcGktLXRXbC1YNVZ6M3RUNkNpVmRsb3Q0cWJ6RzFZZ0wyNWl1SFU4MW1mT2s2dFRQZ0p6TFpROGlRNlVTVU12WHQ4dFVKNS1jWXEwQ1Q1RmZiVGw5Y0toQkdobmcxVG5NMmVPTVZhWGM1XzNUdFFWRVA1bXlsNXJOS3VRdVJPUQ?oc=5)).
-
Telecommunications Security
The Nigerian Communications Commission (NCC) has launched a central device registry to curb the illegal importation of mobile devices and phone theft ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMioAFBVV95cUxNM0tHcFlOb3V4eVhqYU0wci1IVXc3SmpzTUtoV2hHWVR1ZzJqd2NGSGxmUlNNSFowZ1VLVExTaHI3dWdjcjZ2a3pkcV9KZExkSmxERU5KajlNNnZJWndFRVpSZEx1TXZnM2o2dmJJTGR3eU83aTkxbFFDbWJWc0xBSkh6WWVnaG9OM19Yb096NHgzZzJhbV9KdFhUbUhVOE9y?oc=5)).
High Risk Alerts
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Terrorism Financing Risks
Increased CBN intervention suggests heightened systemic vulnerability within the commercial banking sector regarding illicit financial flows ([The Guardian Nigeria News](https://news.google.com/rss/articles/CBMimwFBVV95cUxNXzU1TWl4ODNFYkFPNURTMXhjN19XV0pPVjV4VXBWUlY4VmR4V2pVaDhxOUdBQXZKZUJlT1JmdkRxN1ZsYi1nSmt6VEFXVHFRbUdGREh1TmNsWUgzR1psYThiTi11SDJFQVBZYm1lX0NsTk5Vb2dsYTlxZlotVk9TMlZ3eFowd3N1cndpYkF2LUpHRGQ5RjFvMU1yYw?oc=5)).
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Regulatory Revenue Diversion
The mandatory 60% surplus revenue reallocation by NERC may create liquidity strains or disputes for DisCos ([independentng](https://independent.ng/nerc-orders-discos-to-channel-up-to-60-of-surplus-revenue-into-mandatory-grid-upgrade-fund/)).
Beneficial Ownership & PSC Disclosures
No persons with significant control were identified in the provided data.
Procurement & Board Changes
The current dataset contains no records regarding procurement awards or board-level appointments.