Search

On the 5th day of February 2021, the Central Bank of Nigeria ('CBN') instructed banks and other financial institutions to refrain from dealing with cryptocurrency (a digital currency) and facilitating [...]

Introduction 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 protecting personal information [...]

Introduction In April 2021, the Nigerian Securities and Exchange Commission ('SEC') issued a directive prohibiting unregistered Financial Technology ('Fintech') companies from offering, selling or dealing in foreign listed securities1. This [...]

INTRODUCTION For a nation seeking emancipation from the long-time classification of ôThird-World Countryö, it is important that we not only intensify our focus on infrastructural development but also devise innovative [...]

Introduction On December 9, 2020, the Central Bank of Nigeria (CBN) issued a circular, recategorizing Payments System licensing in Nigeria into four major categories: Switching and Processing; Mobile Money Operations; [...]

INTRODUCTION In Nigeria, technology plays a prominent role in driving the growth and development of the society. In recent times, several tech startups/tech hubs have been established to solve social, [...]

Introduction In this digital age, data has become a vital asset for both individuals and corporate bodies. It has in fact been regarded as the world's most valuable resource1. The [...]

Introduction 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 in search [...]

The Nigerian Companies and Allied Matters Act, 2020 ('CAMA 2020'), introduced various changes to the law governing companies in Nigeria, most of which are positive changes.1 There is, however, a [...]

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. Most financial [...]

A. Introduction A cashless world was hard to imagine in the 80s and 90s (at least for most of us). It was unimaginable for you to successfully make payments, without [...]

Introduction In our article on the Companies and Allied Matters Act (CAMA) 2020 (the 'Act'), we had highlighted some of the key developments introduced by the Act. A significant development [...]