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

Companies desirous of providing International Money Transfer Operator (IMTO) services in Nigeria are required to be licensed by the Central bank of Nigeria (CBN) as provided by the Guidelines for the Operation of International Money Transfer Services in Nigeria, 2014

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...

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)...

In the past few years, there has been an increase in the number of Fintech startups offering lending services to the public.

Regulatory compliance is important for any company and forms the foundation that enables businesses operate smoothly and sustainably.

On 22 November 2024, the Supreme Court of Nigeria delivered a significant judgment in Attorney-General of Lagos State & Ors v. Attorney-General of the Federation & Ors (SC/1/2008)...

On the 13th of July, 2023, the Central Bank of Nigeria ("CBN") made a significant stride in reinforcing the nation's financial sector by issuing the Corporate Governance Guidelines...

As part of the commitments of the Federal Government of Nigeria to continuously create an enabling environment for doing business, on February 13, 2023, the Business Facilitation Bill 2022...

On March 23, 2022, the Central Bank of Nigeria ("CBN") issued Guidelines for the Regulation and Supervision of Credit Guarantee Companies ("CGC") in Nigeria (the "Guidelines").

Funding of Startups globally hit an all-time high in 2021 with a total investments of approximately $454 billion recorded in just the 1st to 3rd quarter; as compared to investments recorded by Startups in 2020.

Repatriation of capital and profits is an important area of consideration for foreign investors willing to invest in the Nigerian economy.

In line with the tradition of the current administration, the Finance Bill 2021 (the "Bill") was recently presented before the legislature for passage into law. Similar to its predecessors...

Over the last decade, technology has continued to disrupt the financial sector while regulators have struggled to keep up. The capital market sub-sector has not been spared as fintech companies...

On the 13th of December 2024, the Nigeria Financial Intelligence Unit ("NFIU") issued Guidelines for the Identification, Verification and Reporting of Suspicious Transactions...

Information technology continues to significantly impact the development and growth of the capital market in Nigeria and the world over. The Securities and Exchange Commission ("SEC"), in an effort to ensure...

The Nigerian Finance Act, 2021 grants the Federal Inland Revenue Service ("FIRS") new powers to appoint persons as Value Added Tax ("VAT") agents for the purpose of collecting...