A Review Of The Nigeria Foreign Exchange Code

The Federal High Court's recent affirmation of the FCCPC's regulatory authority over digital lending marks a pivotal moment for Nigeria's loan app industry. With enforcement of the DEON Regulations now fully resumed, digital lenders face renewed scrutiny over registration, transparency, data privacy, and debt recovery practices. Understanding these compliance requirements is no longer optional—it's essential for survival in Nigeria's evolving fintech landscape.

Following the progressive advancement in technology wherein funds are now transferred digitally without the need to visit a formal banking hall setting, incidents of erroneous transfer of funds are prevalent and inevitable.

Nigeria's Central Bank has introduced sweeping data localisation requirements that will fundamentally reshape how payment service providers, banks, and financial institutions handle transaction data. With a January 2027 compliance deadline, these new rules mandate that all payment transaction data generated within Nigeria must be stored and managed locally, raising critical questions about cloud infrastructure, vendor relationships, and operational readiness. This analysis examines the scope of the requirem

Nigerian fintech startups navigate a complex regulatory landscape involving the Central Bank of Nigeria, the Securities and Exchange Commission, and the Nigeria Deposit Insurance Corporation.

Nigeria's Securities and Exchange Commission has introduced new capital adequacy rules for fund managers and private capital participants, establishing tiered minimum capital requirements based on assets under management. The guidelines clarify what constitutes qualifying capital, outline compliance pathways including cash injection and securities transfer, and set a June 2027 deadline for full implementation.

The Nigerian Securities and Exchange Commission has introduced significant amendments to its Rules and Regulations governing Fund/Portfolio Management Operations, with far-reaching implications for how fund and portfolio managers conduct their business. These changes place heightened emphasis on investor protection, conflicts management, custody arrangements, and cross-border investments, requiring Capital Market Operators to fundamentally review their investment practices, client documentation, and governa

The financial sector in Nigeria is comprised of banks and other financial institutions. These entities are primarily regulated by the Central Bank of Nigeria (CBN) to ensure the security...

The Central Bank of Nigeria's Fourth Edition of the Foreign Exchange Manual introduces sweeping changes to currency and trade regulations, raising import payment thresholds, increasing tuition remittance limits...

The need for ease in businesses and transactions makes it necessary for individuals and business owners to access credit facility, that is, loan.

In recent years, technological innovations have greatly improved the way and manner customers conduct banking transaction one of which is mobile banking.

Litigation officers, often called litigation assistants or clerks are fixtures in many Nigerian law firms, due to the vital nature of their services.

The concept of Guarantorship is often taken for granted in Nigeria. The seemingly small request we now hear from friends, family members or even colleagues can be captured in the following sample appeal: “I collected one small loan, and I need you to be my guarantor. Please just sign here, I already know how to pay back; it will not be a big deal.”

The legal landscape in Nigeria pertaining to data privacy and protection is dynamic and ever-changing, influenced by a blend of sector specific regulations, recent laws, and constitutional provisions.

Generally, the court's judgment is the fruit of every litigation, and the outcome of every legal dispute that is referred for resolution by the Court.

The National Information Technology Development Agency (NITDA) has introduced four key instruments to strengthen Nigeria’s cloud governance, digital infrastructure, and investment landscape: the National Cloud Computing Guideline 2026, National Cloud Technical Guideline 2026, National Digital Infrastructure Assurance Framework (NDIAF), and National Cloud Investment Strategy. The Guidelines, signed by the Director-General of NITDA, Kashifu Inuwa Abdullahi, on 4 August 2026, are scheduled to take effect on 1 January 2027.1

Gas flaring has been a source of pollution in the Niger Delta region for more than six decades, polluting the atmosphere the soil, and eroding the lives of communities living in one of the most oil-rich regions in Africa. The Nigerian government's efforts at solving this environmental problem have been characterized by delay and capture. The enactment of the Petroleum Industry Act 20212 represents the most ambitious legislative attempt yet to bring routine flaring to an end, through an explicit statutory prohibition, mandatory monetisation planning, and a new institutional architecture anchored around the Nigerian Upstream Petroleum Regulatory Commission.

The word ‘absentia’ is a Latin term meaning ‘absence’. Trial in absentia occurs when a defendant is tried in his/her absence. This practice developed from the need to ensure justice and remedy the plague of absconding defendants, a trend that frustrated the judicial process.

Modern legal practice has long evolved beyond witnesses testifying fully in court for their evidence-in-chief.2 To save valuable judicial time by expediting proceedings, and to enhance the due administration of justice, witnesses in civil proceedings now adopt their pre-prepared written statements at trial.

The emergence of deepfakes has introduced a new challenge for Nigerian law as artificial intelligence (AI) now has the ability to misrepresent a person's identity through fabricated digital content that looks genuine. A notable example occurred on 27 May 2026, when an audio recording attributed to President Bola Ahmed Tinubu circulated online and was subsequently reported to have been AI-generated. T

We currently live in an era where the most valuable assets of a corporation may never be seen, touched, or physically inspected. Patents governing life-saving pharmaceutical compounds, trademarks representing decades of consumer trust, software architectures powering digital economies, and trade secrets encoding proprietary processes have displaced machinery, land, and buildings as the primary reservoirs of corporate wealth.