On the 5th of December 2023, the Corporate Affairs Commission ("CAC") of Nigeria announced an increase in the minimum paid-up capital requirement for companies with foreign participation...

In a bid to strengthen corporate governance practices in the banking industry, the Central Bank of Nigeria (‘'CBN"), on the 24th of February 2023, released a circular titled "Review of Tenure of Executive Management and...

In a global economy marred by financial crimes, money laundering, and terrorist financing activities, regulatory frameworks to curb illicit activities have become paramount.

To ensure companies operate efficiently in all sectors of the economy including the Tech and the Finance sectors, the employer-employee relationship must be properly managed.

On October 11, 2021, the Central Bank of Nigeria (CBN), issued the Guidelines on the Operations of Pan African Payments and Settlement System ("PAPSS") in Nigeria (the "Guidelines").

Lending Services constitute a substantial part of the Fintech ecosystem in Nigeria. In recent times, there has been a steady rise in the number of startups providing short-term loans...

In response to global trends and the increasing need for the regulation of Virtual Assets Service Providers (VASPs), including cryptocurrencies and crypto assets, the Central Bank of Nigeria...

On October 12, 2022, the Central Bank of Nigeria ("CBN") released a draft of the Guidelines for the Regulation of Representative Offices of Foreign Banks in Nigeria ("Draft Guidelines").

In July 2020, the Central Bank of Nigeria (CBN) released a draft Framework for Regulatory Sandbox Operations aimed at establishing a controlled environment where disruptive technology...

In spite of the rapid growth in the financial sector in Nigeria with various Fintechs providing more accessible and efficient services, the credit system in Nigeria is still very under-developed.

On 1st May 2025, the Federal Government of Nigeria, through the Ministry of Interior and the Nigeria Immigration Service (NIS), launched sweeping reforms to the country's expatriate administration and visa regime.

In our previous newsletters, we explored the fundamentals of protecting your intellectual property (IP) rights, such as identifying protectable assets to navigating registration procedures and period of validity.

Nigeria's betting industry is a fast-growing area of the economy.

Further to the issuance of the License Framework for the Establishment of Mobile Virtual Network Operators (MVNOs) (the "Framework") in Nigeria by the Nigerian Communications...

The Nigeria Data Protection Commission (“NDPC”) has announced an extension of the deadline for the filing of the 2025 Data Protection Compliance Audit Returns (“CAR”) from March 31 to May 30, 2026.

Across the world, Contactless Payments ("CPs") have gained significant traction and widespread adoption in recent years. These payments enable financial transactions which allow a customer to...

The Nigerian Finance Bill (the "Bill") which is to take effect in January 2023 is currently undergoing the legislative review and approval process at the house of representatives.

The Nigerian Startup Act 2022 (NSA) is a significant piece of legislation, designed to foster innovation, attract investment, and create a favourable business climate for tech-enabled startups in Nigeria. It aims to position Nigeria as a leading hub for digital entrepreneurship in Africa by removing regulatory barriers and offering targeted incentives.

A cashless world was hard to imagine in the 80s and 90s (at least for most of us). It was unimaginable for you to successfully make payments, without cash, a debit or a credit card.

In April 2021, the Nigerian Securities and Exchange Commission ("SEC") issued a directive prohibiting unregistered Financial Technology ("Fintech") companies from offering, selling or dealing...