IBA Banking & Financial Law Committee – Fintech Report, September 2024

Our Banking and Finance, Capital Markets, and Fintech Partners, Yinka Edu and Joseph Eimunjeze, contributed to the second edition of the International Bar Association’s special project, Fintech: How is the World Shaping the Financial Innovation Industry? (2024), conducted by the IBA Banking & Finance Law Committee. Our contribution, featured on pages 34 to 42, provides an […]

Fintech H1 2024 Review and Outlook for H2 2024

An Overview of the Sec’s Framework on Accelerated Regulatory Incubation Programme for the onboarding of the VASPS and DIPS

Do you know how long your Organisation can retain Customers Personal Data?

NIGERIANS RESIDENT ABROAD AND THE NDPR

Data Protection Compliance: Conducting Annual Data Protection Audits

Did you know that: The Nigeria Data Protection Regulations 2019 (“NDPR”) requires organisations to conduct a detailed audit of their privacy and data protection practices at inception and thereafter on an annual basis where they process the Personal Data of Nigerian citizens and residents utilising the services of a licensed Data Protection Compliance Organisation (“DPCO”).

Revised COVID-19 Public Health Guidelines for All Aviation Service Providers

On 12th December 2022, the Nigerian Civil Aviation Authority (“NCAA”) issued the ‘Revised COVID-19 Public Health Guidelines for All Aviation Service Providers (Domestic and International Operations)’ (the “Revised Covid-19 Guidelines”).  The Revised COVID-19 Guidelines have been issued to correspond with the consistently low numbers of COVID-19 cases in Nigeria and most parts of the world. […]

THE CLIMATE CHANGE ACT 2021: KEY POINTS FOR CONSIDERATION

In order to protect the Nigerian environment and ecosystem from the ravages associated with climate change and to achieve the reduction of greenhouse gas emissions in Nigeria, President Muhammadu Buhari of Nigeria signed the country’s climate change bill into law on 18th November 2021. We have provided a highlight of some of the key provisions […]

Regulatory Update: Exposure Draft Of The Guidelines For The Regulation Of Representative Offices Of Foreign Banks In Nigeria

In the Nigerian banking sector, there are some representative offices which are owned by foreign banks. A representative office serves as a marketing and liaison office in Nigeria for a foreign bank – which is usually the parent company. Representative offices are approved by the Central Bank of Nigeria (“CBN”) pursuant to section 8 of […]