SEND, RECEIVE, THRIVE: NIGERIA’S UPDATED INTERNATIONAL MONEY TRANSFER REGIME
1.0. INTRODUCTION 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 or
INTELLECTUAL PROPERTY RIGHTS AND STARTUPS: PROTECTING INNOVATION AND AVOIDING PITFALLS
INTRODUCTION 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. Many startup founders do not consider
AN APPRAISAL OF THE LEGAL REGIME FOR BANKRUPTCY AND INSOLVENCY IN NIGERIA: STRIKING A BALANCE FOR ECONOMIC STABILITY
INTRODUCTION The financial health of businesses and individuals is crucial for the overall economic stability of any nation. In connection with this, a robust legal regime for bankruptcy and insolvency is
AN OVERVIEW OF NIGERIA’S BUSINESS FACILITATION (MISCELLANEOUS PROVISIONS) ACT 2023 AND ITS POTENTIAL IMPACT ON THE EASE OF DOING BUSINESS
INTRODUCTION The Business Facilitation (Miscellaneous Provisions) Act 2023 (“BFA” or the “Act”) was signed into law on the 14th day of February 2023. The Business Facilitation Act (BFA) 2023 was introduced
SOCIAL MEDIA REGULATION: AN OVERVIEW OF THE NATIONAL INFORMATION TECHNOLOGY DEVELOPMENT AGENCY’s (NITDA) CODE OF PRACTICE FOR INTERACTIVE COMPUTER SERVICE PLATFORMS/INTERNET INTERMEDIARIES
INTRODUCTION: Historical Attempts to Regulate Digital Platforms in Nigeria In Nigeria, social media has served as an important tool in our society for the dissemination of information, to enhance human
KEY HIGHLIGHTS OF THE CBN’S CODE OF CORPORATE GOVERNANCE GUIDELINES FOR BANKS AND FINANCIAL HOLDING COMPANIES IN NIGERIA
INTRODUCTION In 2019, the Financial Reporting Council of Nigeria (“FRCN”) revolutionised the scenery of corporate governance in Nigeria with the introduction of the Nigerian Code of Corporate Governance 2018 (“NCCG 2018”)
KEY INNOVATIONS IN NIGERIA’S ARBITRATION AND MEDIATION ACT, 2023
On the 26th of May 2023, the erstwhile President of the Federal Republic of Nigeria, Muhammadu Buhari, signed into law the Arbitration and Mediation Act, 2023 (“Act” or "AMA"). The
THE NIGERIA’S DATA PROTECTION ACT 2023: A LOOK AT KEY PROVISIONS
With the recent spate of personal data breaches occurring globally, the need for comprehensive data protection measures has never been more critical. In 2019, National Information Technology Development Agency (NITDA)
THE EFFECTIVE PROTECTION OF INTELLECTUAL PROPERTY RIGHTS: AN ASSURANCE OF IMPROVED INFLOWS OF FOREIGN DIRECT INVESTMENT?
The need to attract Foreign Direct Investments (FDI) has encouraged Nigeria, amongst many other countries, to project economic assurances favourable to foreign investors. One of such assurances is the protection
GOOGLE’S POLICY RESTRICTING THE ACTIVITIES OF DIGITAL LOAN APPLICATIONS ON ITS PLAYSTORE IN NIGERIA: A SIGN OF ELEVATED REGULATORY SCRUTINY
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 took full advantage of