On 23rd March 2025, the Federal High Court in Lagos ordered MTN Nigeria Communications Limited to pay N840,000,000 (Eight Hundred and Forty Million Naira) in damages to Citilink Accesscorp...

In a bid to enhance financial inclusion and facilitate greater engagement with Nigerians in diaspora, the Central Bank of Nigeria (CBN) introduced a framework for the operation...

Nigeria's Central Bank has released an exposure draft proposing sweeping changes to how financial holding companies must be structured, capitalised, and governed. The revised framework introduces stricter ownership requirements, enhanced capital thresholds that could exceed current levels by 20%, and significant restrictions on intra-group transactions and shared services. These proposed regulations could fundamentally reshape the operational landscape for banking groups and financial conglomerates operatin

n March 2025, the Nigeria Data Protection Commission ("NDPC") issued the Nigeria Data Protection Act ("NDPA") General Application and Implementation Directive, 2025 ("GAID").

The recent trademark dispute between Paystack, a prominent Nigerian fintech company, and Zap Africa, a cryptocurrency exchange, has brought Nigeria's intellectual property laws...

On the 7th of March 2023, the Central Bank of Nigeria (CBN) in collaboration with industry stakeholders, developed and released the Operational Guidelines for Open Banking in Nigeria ("Operational Guidelines").

Nigeria's Securities and Exchange Commission has released comprehensive proposed rules governing digital and virtual asset operations, introducing distinct regulatory categories for exchanges, custodians, and tokenisation platforms. The framework establishes capital requirements ranging from ₦200 million to ₦2 billion, detailed stablecoin reserve requirements, and enhanced investor protection measures across the digital asset value chain. Businesses operating in Nigeria's digital asset ecosystem

The Central Bank of Nigeria has mandated that all payment transaction data generated within the country must be stored locally by January 2027, marking a significant shift in how financial institutions handle sensitive information. This directive raises critical questions about Nigeria's infrastructure readiness and the practical steps banks, mobile money operators, and payment providers must take to comply. With less than six months until the deadline, organizations face urgent decisions about data governa

On the 24th day of February 2023, the global money laundering and terrorist financing watchdog, Financial Action Task Force, placed Nigeria on its grey list for having insufficient measures to prevent money laundering ...

In today's fast-paced and highly competitive business landscape, startups are often at the forefront of innovation, driving growth with fresh ideas and cutting-edge technologies.

At the June 2025 Plenary of the Financial Action Task Force (FATF) held in Strasbourg, Nigeria remained on the global watchdog's list of "Jurisdictions under Increased Monitoring...

The need to attract Foreign Direct Investments (FDI) has encouraged Nigeria, amongst many other countries, to project economic assurances favourable to foreign investors.

On the 26th of June 2025, President Bola Ahmed Tinubu signed four (4) landmark Tax Reform Bills into law, namely, the Nigeria Tax Act ("NTA"), the Nigeria Revenue Service Act ("NRSA"), the Nigeria Tax Administration Act...

For business owners, identifying a sustainable and enabling business environment is fundamental to establishing a successful enterprise.

In today's interconnected global economy, businesses often operate across multiple jurisdictions. This globalisation has made it imperative for nations to devise robust frameworks to address issues affecting.

International Money Transfer Operators ("IMTOs") in Nigeria are companies or organisations authorised by the Central Bank of Nigeria ("CBN") to facilitate the transfer of funds from individuals...

From 2020, Nigeria experienced the heighten presence of digital lenders offering collateral free loans to members of the public. This was generally welcomed and qualified applicants...

Artificial Intelligence (AI) is an exciting advancement in technology with significant implications across various fields, including Nigeria's legal sector.

In Nigeria, social media has served as an important tool in our society for the dissemination of information, to enhance human interaction and for collaborative purposes.

The Pan-African Payment and Settlement System (PAPSS) represents a transformative infrastructure for cross-border payments across Africa, enabling instant transactions in local currencies without relying on intermediary Western currencies. This comprehensive analysis explores how PAPSS operates through its three core processes of instant payment, pre-funding, and net settlement, while examining Nigeria's regulatory framework and the system's critical role in advancing the African Continental Free Trade Area