ArticleCompliance In Nigeria: Data Protection Directives For BusinessesAs businesses in Nigeria increasingly leverage technology including social media platforms such as LinkedIn, Instagram, and Medium; and Emerging Technologies...NigeriaPrivacyPavestones
ArticleTax Incentives In Nigeria: Pioneers StatusThe Pioneer Status Incentive ("PSI") is one of the available tax incentives in Nigeria aimed at attracting investment into critical sectors of the Nigerian economy. NigeriaTaxPavestones
ArticleExtension Of Time For The Registration Of Digital Money Lending Companies With The Federal Competition And Consumer Protection CommissionAs stated in our previous article, the Federal Competition and Consumer Protection Commission (the FCCPC") on August 18, 2022, issued the "Limited Interim Regulatory/Registration Framework and Guidelines...NigeriaCorporate/Commercial LawPavestones
ArticleRegulatory Update: Review Of The Lagos State Electricity Law (2024)In furtherance of the provisions of the Electricity Act, 2023, on December 3, 2024, the Lagos State Government passed the Lagos State Electricity Bill, 2024 into law (the "Law"). This new Law repeals the Electric.NigeriaEnergy and Natural ResourcesPavestones
ArticleRegistering Patents In NigeriaA lot of companies, especially in the technology sector, are using inventions to solve everyday issues and with that comes the need to protect the said inventions from being imitated or duplicated by third parties.NigeriaIntellectual PropertyPavestones
ArticleOperating In A Free Trade Zone In NigeriaDangote recently inaugurated its refinery in Lagos, and following this, the attention of many Nigerians was drawn to the operation of the Free Trade Zones in Nigeria.NigeriaInternational LawPavestones
ArticleIP Backed Financing: Leveraging Intellectual Property For Income Generation And As CollateralIntellectual property (IP) assets such as trademarks, copyrights, or patents form a critical part of a company's overall assets. Categorized as intangible assets, IP assets play a key role in defining a business' competitive advantage, brand value and investment value amongst others.NigeriaIntellectual PropertyPavestones
ArticleEstablishing A Parent Company For A Nigerian Startup In DelawareIn an earlier article, we highlighted why some venture capital firms require Startups to incorporate an offshore holding company prior to funding.NigeriaCorporate/Commercial LawPavestones
ArticleProposed Regulation Of Digital (Robo) Advisory Services In NigeriaAs Lord Denning once said; "If we never do anything which has not been done before, we shall never get anywhere. The law will stand still while the rest of the world goes on, and that will...NigeriaCorporate/Commercial LawPavestones
ArticleRegulatory Update: The Nigerian Start Up Act, 2022We are excited to announce that the Nigerian Start Up Bill, now the Nigerian Startup Act, has received presidential assent and has been signed into law. This brings hope that businesses...NigeriaCorporate/Commercial LawPavestones
ArticleThe Role Of Advisory Boards In Startup Companies In NigeriaStartups are young technology driven companies with innovative ideas and solutions capable of changing the status quo in their respective industries.NigeriaCorporate/Commercial LawPavestones
ArticleRecent CBN Reforms In The Nigeria Foreign Exchange MarketPreviously, navigating the Nigerian Foreign Exchange market could be a challenge for foreign businesses and investors.NigeriaFinance and BankingPavestones
ArticleRevised Banking Law In Nigeria - Bofia 2020In response to the significant developments in the financial sector, President Muhammed Buhari on the 12th of November 2020 signed the Banks and Other Financial Institutions Act 2020 ("2020 BOFIA") into Law.NigeriaFinance and BankingPavestones
ArticleSONCAP Certificate; A Requirement For Importation Of Goods Into NigeriaThe Standard Organisation of Nigeria (SON) was established by the Standard Organisation of Nigeria Act (No 56) of 1971 with the mandate to set the Standards for manufacturing and sale of products...NigeriaInternational LawPavestones
ArticleRegulatory Update: License Framework For The Establishment Of Mobile Virtual Network Operators In NigeriaThe Nigerian Communications Commission (the "Commission") recently released the License Framework for the Establishment of Mobile Virtual Network Operators (MVNOs) in Nigeria (the "Framework").NigeriaMedia, Telecoms, IT, EntertainmentPavestones
ArticleFintech Regulatory Roundup 2022Nigeria is one of the major players in the financial services industry and has consistently experienced rapid growth in the financial technology subsector. NigeriaTechnologyPavestones
ArticleAnalysis Of Nigeria's National Artificial Intelligence StrategyIn August 2024, the Federal Ministry of Communications, Innovation and Digital Economy released the draft of Nigeria's first National Artificial Intelligence Strategy (NAIS).NigeriaTechnologyPavestones
ArticleWhen The Regulator Takes The Board: The Legal Limits Of Nerc’s InterventionNigeria's electricity regulator has taken control of Kaduna Electricity Distribution Plc by dissolving its board and appointing interim directors. This unprecedented intervention raises critical questions about the boundaries between regulatory oversight and corporate ownership, and what it means for shareholders, creditors, and the future of privately-owned electricity distribution companies in Nigeria. NigeriaEnergy and Natural ResourcesPavestones
ArticleNigerian Tax Reform Acts: Structuring For Efficiency In An Evolving Fiscal LandscapeOn June 26, 2025, the Federal Government of Nigeria signed into law a suite of tax reform legislation that consolidates and replaces over a dozen laws. The reforms are anchored on four principal Acts...NigeriaTaxPavestones
ArticleTax Regulations In Nigeria: Understanding The Impact Of Recent ReformsThere is a current shift in the tax administration system in Nigeria which is observed in the promulgation and reform of existing regulations in recent months.NigeriaTaxPavestones