As part of the Central Bank of Nigeria's (the "CBN") efforts to maintain a transparent transactions settlement system, the CBN issued a Payment Terminal Service Aggregator...

On the 25th May 2021, the Central Bank of Nigeria (CBN) issued a circular to financial institutions notifying them of the release of the Regulatory Framework for Non-Bank Acquiring in Nigeria (the "Framework").

The Nigeria Securities and Exchange Commission ("SEC") by a press release issued on August 29 2024, announced that it has granted two Digital Asset Exchanges its "Approval and Principle"...

Consumer Protection has long been a significant concern worldwide, with increased focus on ensuring that suppliers of goods and services embrace fair practices to safeguard consumer rights.

On Friday, March 10, 2023, Silicon Valley Bank (SVB), failed after a bank run, marking the largest bank failure since the 2007-2008 financial crisis. The collapse of SVB, a major player...

Prior to 2019, the Securities and Exchange Commission ("SEC") was the primary body responsible for mergers, acquisitions and take-overs of public and private companies in Nigeria.

Money lending has from time immemorial been a part of the Nigerian economy and was borne as a result of the desire for individuals and businesses to secure access to funding.

In light of recent economic realities, many companies have found it difficult to repay their debts. In order to manage this situation, companies have considered...

On May 7, 2024, the Securities and Exchange and Commission ("SEC") issued the "Exposure of Proposed New Rules for the Issuance and Allotment of Securities...

In its pursuit of bolstering liquidity and stability within the foreign exchange ("Forex") market, the Central Bank of Nigeria (CBN), on October 12, 2023, released a press statement.

On April 17, 2026, the Central Bank of Nigeria (CBN) announced the introduction of the Nigerian Overnight Financing Rate (NOFR) in collaboration with the Financial Markets Dealers Association (FMDA).

Unstructured Supplementary Service Data (USSD) has evolved from being a channel employed predominantly by Mobile Network Operators (Telcos) to one deployed by a broad spectrum of service providers

Financing is an important component of every company's formation and growth. For early-stage companies...

Generally, the government is primarily responsible for providing basic social amenities, public infrastructure and utilities to its citizenry.

For foreign companies looking to expand and set up operations in Nigeria, it is important that personnel with a good understanding of the companies' strategy are available to support in...

Trademarks are unique marks or a combination of marks used to distinguish the goods or services offered by a business. Trademarks of successful businesses are often subject to infringement by competitors attempting to exploit their good will.

As of June, 2022, there have been a few regulatory developments relevant to the tech space in Nigeria. We have set out below 7 notable developments to guide tech companies doing or intending to do business in Nigeria.

Over the years, trademarks have gained prominence around the world as one of the most important intangible assets of any business. Trademarks play a crucial role in branding as they provide businesses and their products with a unique identity.

The primary regulator of the telecommunications industry, the Nigerian Communications Commission ("NCC") has published a draft of its proposed Type Approval Regulation, 2022...

As data usage in Nigeria is fast becoming an inevitable part of business practices, the regulatory oversight of the National Information Technology Development Agency (NITDA)...