Newsletters
Data Protection Series
In this edition of our Data Protection Series, we examine the concept of “Personal Data” as it relates to Data Protection and the protection afforded under Nigerian law. This issue also provides clarity on certain misconceptions surrounding Personal Data as well as crucial data...
Roadmap for Tech Startups Launching in Nigeria (Part 2)
In the previous edition of our Tech Startup Series, we had provided insight into establishing a Tech Startup in Nigeria. In this edition, we provide a roadmap that outlines the essentials for tech startups in their business operations as legal entities in Nigeria. From getting...
Roadmap for Tech Startups Launching in Nigeria
In this edition of our Tech Startup series, we provide a roadmap that outlines the essentials for tech startups in the early stages of launching in Nigeria. From understanding and agreeing on fundamentals, to incorporation considerations and early documentation required, this...
THE FEDERAL MINISTRY OF INTERIOR PUBLISHES NEW GUIDELINES ON THE ADMINISTRATION OF EXPATRIATE QUOTA AND OTHER BUSINESS INSTRUMENTS
The Federal Ministry of Interior (the “Ministry”) recently issued a Public Notice implementing the New Guidelines on the Administration of Expatriate Quota and other Business Instruments (the” Guidelines”) which became effective in January 2022. The key provisions of the...
COMPANIES INCOME TAX (EXEMPTION OF BONDS AND SHORT-TERM GOVERNMENT SECURITIES ORDER) 2011 COMES TO AN END AFTER TEN YEARS – THE IMPLICATIONS
COMPANIES INCOME TAX (EXEMPTION OF BONDS AND SHORT-TERM GOVERNMENT SECURITIES ORDER) 2011 COMES TO AN END AFTER TEN YEARS – THE IMPLICATIONS In a bid to encourage increased investment in Nigeria and drive upward activity in the domestic bonds market, the Federal...
THE NITDA BILL AND ITS POTENTIAL IMPACT ON NIGERIA’S INFORMATION TECHNOLOGY INDUSTRY AND DIGITAL ECONOMY
The National Information Technology Development Agency (the “Agency”) was created in April 2001 to implement the Nigerian Information and Communication Technology Policy and co-ordinate general information technology development in Nigeria. The National Information...
FEDERAL HIGH COURT TAX PRACTICE DIRECTIONS 2021: BALANCING REVENUE DRIVE AND EASE OF DOING BUSINESS IN NIGERIA
FEDERAL HIGH COURT TAX PRACTICE DIRECTIONS 2021: BALANCING REVENUE DRIVE AND EASE OF DOING BUSINESS IN NIGERIA On the 31st May 2021, the Chief Judge of the Federal High Court (“FHC”), Honourable Justice Terhemba Tsoho issued the Federal High Court (Federal Inland Revenue...
A REVIEW OF CBN’S NEW REGULATORY FRAMEWORK AND GUIDELINES FOR MOBILE MONEY SERVICES IN NIGERIA
A REVIEW OF CBN’S NEW REGULATORY FRAMEWORK AND GUIDELINES FOR MOBILE MONEY SERVICES IN NIGERIA In the exercise of its powers to promote and facilitate the development of an efficient and effective system for the settlement of transactions and development of electronic...
HIGHLIGHTS OF THE PETROLEUM INDUSTRY BILL AS PASSED BY THE NATIONAL ASSEMBLY
HIGHLIGHTS OF THE PETROLEUM INDUSTRY BILL AS PASSED BY THE NATIONAL ASSEMBLY Since the enactment of the Petroleum Act in 1969 (now adjudged by industry experts to be outdated), particularly from 2008, successive governments in Nigeria have attempted to enact an...
NON-FUNGIBLE TOKENS AND LEGAL CONSIDERATIONS IN NIGERIA
NON-FUNGIBLE TOKENS AND LEGAL CONSIDERATIONS IN NIGERIA With the ongoing rave on the use, utility and acceptance of digital currencies and digital assets around the world, there have been a lot of innovations with the use of blockchain technology. More recently,...
NBC, OTT Services, Social Media and Doing Business in Nigeria by Tech Companies
NBC DIRECTIVE TO ONLINE BROADCASTING SERVICE PROVIDERS AND SOCIAL MEDIA PLATFORMS OPERATING IN NIGERIA On 10th June 2021, the National Broadcasting Commission (the “Commission”) published a directive in a newspaper advertorial directing all Online Broadcast Service (“OBS”)...
NEW CBN LICENCING REQUIREMENTS FOR PAYMENT SERVICES
FILE PHOTO: Central Bank of Nigeria's logo is seen on the headquarters building in Abuja, Nigeria January 22, 2018. REUTERS/Afolabi Sotunde/File Photo - RC1E81C7FA80In line with the Central Bank of Nigeria’s (CBN) commitment to promote a strong and credible payment system in...
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