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...

The National Digital Economy and E-Governance Bill, 2024, (the "Bill") represents a strategic move in Nigeria's digital transformation journey.

With the growing demand for faster and more convenient financial services, there are more people looking to solve this problem by setting up a digital bank. We have had startups...

Securing investment is a crucial milestone for any startup, but it comes with its own set of legal considerations and challenges. In this newsletter...

On November 12, 2020, President Muhammadu Buhari assented to the Banks and Other Financial Institutions Act 2020 (the "Act") which repealed the previous Banks...

A survey conducted by Finder.com in 2021 revealed that Nigeria ranked 6th amongst 20 countries in the world that have adopted Non-Fungible Tokens ("NFTs").

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 our article of 20th July, 2020, we discussed the Operational Guidelines on Global Standing Instruction ("Guidelines") recently issued by the Central Bank of Nigeria ("CBN")...

Regulators of financial service sectors all over the world grapple with the overwhelming effect of disruptive technologies which have left policymakers and academics alike scratching their heads...

Lack of financing is a major constraint which businesses experience at the startup phase. Seed capital is required for startups to fund their operations and scale, thereby returning profits to founders

In recent times, Startups have increasingly offered stocks as a valuable way of remunerating and motivating their employees to work towards achieving long-term corporate goals.

Nigeria has in recent times, struggled with sustaining the liquidity in the foreign exchange market and stabilizing the value of the Naira. The Central Bank of Nigeria (CBN), the apex regulator of financial institutions ..

On July 5, 2022, the Central Bank of Nigeria ("CBN") issued an exposure draft of its Digital Financial Services Awareness Guidelines ("Draft Guidelines"). The Draft Guidelines...

The Central Bank of Nigeria (CBN) on January 31, 2024, issued a circular for the harmonization of reporting requirements on foreign currency exposures of banks...

In February 2024, the African Continental Free Trade Area (AfCFTA) Protocol on Digital Trade (the "Protocol") was adopted. The Protocol seeks to govern the cross-border exchange of goods, services and other tradeable...

The Nigerian Communications Commission has published Draft Business Rules establishing a comprehensive regulatory framework for Mobile Virtual Network Operators (MVNOs), introducing structured onboarding processes, commercial agreement requirements, and dispute resolution mechanisms.

On June 29, 2022, the Central Bank of Nigeria ("CBN") issued the Risk-Based Cybersecurity Framework and Guidelines for Other Financial Institutions (the "Framework").

The Central Bank of Nigeria (CBN) on 31 January 2024 released its revised guidelines for international money transfer services in Nigeria. The revised guidelines (the "New Guidelines")...

As artificial intelligence (AI) continues to revolutionize industries worldwide, its adoption among Nigerian businesses is gaining significant momentum.

In the dynamic landscape of intellectual property (IP) law, licensing plays a pivotal role in enabling businesses to leverage their creations for commercial gain.