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In 2022, Nigeria issued the Code of Practice for Interactive Computer Service Platforms and Internet Intermediaries (the "Code"). The Code serves as the primary legal framework for online trust and safety in Nigeria.

Nigeria, a dynamic and rapidly evolving economy, has witnessed a flurry of legislative and regulatory activities across various sectors in 2024.

On 31 December 2021, His Excellency, President Muhammadu Buhari, GCFR, signed the Finance Bill, 2021 into law as Finance Act, 2021 ("the Act").

The Federal Inland Revenue Service (FIRS) has issued a circular to clarify some of the changes to the Companies Income Tax Act (CITA) introduced by the Finance Act (FA) 2019.

On 29th April, 2020, the Federal Inland Revenue Service (FIRS) issued a series of Circulars to provide clarifications on the amendments introduced by the Finance Act, 2019 to the Nigerian tax laws...

The Federal Inland Revenue Service (FIRS or the Service) has recently issued three Public Notices to taxpayers with respect to the tax status of dormant companies, implementation of the...

On 18 February 2019, the National Assembly passed the National Housing Fund (NHF) Establishment Bill 2018 ("the NHF Bill").

Cryptocurrency is one of the innovative applications of blockchain technology to finance. Using cryptography, this innovation introduces a new way to create, own, store, and...

A survey conducted by Finder.com in 2021 revealed that Nigeria ranked 6th amongst 20 countries in the world that have adopted Non-Fungible Tokens ("NFTs").

Fintech licenses come with limits and many fast-growing players are now turning to banking licenses as a more scalable path forward. Moniepoint is a prime example. It began as a mobile money operator, transitioned to a microfinance bank, and is now pursuing a full commercial banking license.

Nigeria has been circling round the validity of virtual assets service providers for the past few years.

In today's globalised world, wealth is increasingly cross-border, presenting both opportunities and challenges for family businesses...

The Startup Act aims to create an environment for startups to thrive whilst ensuring Nigeria leads the continent with respect to digital technology.

The Central Bank of Nigeria has issued new guidance establishing procedures for Bureau De Change operators to purchase foreign exchange through authorized dealer banks in the Nigerian Foreign Exchange Market. What obligations must BDC operators and dealer banks fulfill to ensure compliance, and what penalties await those who fail to meet these regulatory requirements?

On Tuesday, January 28, 2025, the Governor of the Central Bank of Nigeria ("CBN"), Mr. Olayemi Cardoso, formally launched the Nigerian Foreign Exchange Code ("FX Code"), at an event which was held at the CBN Head Office Auditorium, Abuja.

The rapid growth of finance and technology (fintech) companies in the last decade has been necessitated by consumers' needs for faster and more convenient financial services.

On 31st December, 2020, President Muhammadu Buhari signed the Finance Bill, 2020 (now Finance Act) into law.

On August 3, 2022, the Securities and Exchange Commission ("SEC") issued a circular to the general public, cautioning them against making investments with or through crowdfunding...