In our previous article, we provided a summary of the key provisions in the Framework for Open Banking (the "Framework") released by the Central Bank of Nigeria (CBN) on February 17, 2021.

The Securities and Exchange Commission has issued new guidance requiring collateral management companies, warehouse operators, and commodity exchange-linked warehouses to formally register within 90 days. Entities operating under informal arrangements must now meet specific capital requirements ranging from ₦200 million to ₦500 million and submit comprehensive documentation demonstrating operational capacity, governance structures, and financial standing.

On June 9 2022, the Central Bank of Nigeria ("CBN") issued the "Revised Guidelines For The Operation of Non-Interest Financial Institutions' Instruments by the Central Bank of Nigeria" (the "Guidelines")...

In recent times, startups and financial servicing companies around the world have been sanctioned for breach of money laundering regulations.

The Special Anti-Robbery Squad (SARS) in Nigeria was established to address insecurity and crimes in the nation.

On August 5, 2025, the Nigerian Insurance Industry Reform Act (the "Act") was signed into law, reforming the regulatory framework for insurance companies and other entities providing services...

Over the past few years, Digital Money Lenders ("DMLs") have become increasingly common in Nigeria, as traditional financial institutions have more stringent requirements for providing loans to customers.

From the year 2011 to 2020[1] , Nigeria was consistently ranked poorly out of about 190 countries in the World Bank's Ease of Doing Business Rankings, with average or less than average doing business scores.

ESG (Environmental, Social, and Governance) investing is gaining traction globally, and Nigeria is no exception. It involves assessing companies for potential investment based on their environmental practices/ impact...

The effect of digitization over the last decade has been widespread, and cuts across various aspects of daily life and by implication, the global economy. This has resulted in digital trade and e-commerce...

The Federal Competition and Consumer Protection Commission (the "Commission") on July 24, 2025 introduced the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulation 2025 (the "Regulation").

On March 29, 2025, President Bola Ahmed Tinubu, signed into law the Investment and Securities Act (the "Act") 2024, repealing the Investment and Securities Act("ISA")of 2007.

The President of Nigeria on August 7,2020 signed into law the Companies and Allied Matters Act, 2020 ("CAMA 2020") to replace the 1990 Act. CAMA 2020 which is now the primary legislation governing

On the 27th day of February, 2024, the Federal Ministry of Interior issued the Expatriate Employment Levy (EEL) Handbook which requires companies with expatriate workers to pay a levy.

Nigeria's electricity regulator has published updated Mini-Grid Regulations that significantly expand capacity thresholds, streamline administrative processes, and introduce risk-based environmental compliance frameworks. These reforms aim to transform mini-grids from peripheral infrastructure into central components of Nigeria's electrification strategy, addressing access gaps in unserved and underserved communities while enabling commercial-scale power generation.

Renewable energy is rapidly transforming the global power landscape, with solar energy emerging as a key solution to electricity challenges.

Since the introduction of electronic payments systems in Nigeria, the Central Bank of Nigeria ("CBN") has sought to maintain a high standard of conduct within the banking sector to protect consumers.

The agricultural sector is an important sector in Nigeria, with great potential to drive significant growth to the economy. There are various opportunities in the sector to create value which are largely untapped.

The National Information Technology Development Agency (NITDA) was created under the NITDA Act 2007 (the "Act") to implement the Nigerian Information Technology Policy and coordinate general Information Technology development in Nigeria.

As businesses in Nigeria increasingly leverage technology including social media platforms such as LinkedIn, Instagram, and Medium; and Emerging Technologies...