Corporate & Commercial - Mandel Solicitors

Tackling Fraud in the Nigerian Digital Payment System: The Central Bank of Nigeria Issues New Directives

Corporate & Commercial, Corporate and Business Advisory, Data Protection, Dispute Resolution, Financial Services, Financial Technology (FinTech), Startup LawBy Mandel Solicitors

Introduction Digital payments have continued to experience exponential growth and acceptance which is particularly accentuated by Financial Technology (FinTech) companies in Nigeria. The Central Bank of Nigeria (CBN) has also issued regulatory policies promoting the adoption of cashless transactions consummated through mobile banking and internet banking channels, unstructured supplementary service data (USSD), payment gateways, etc.…

Registration of Imported Products with NAFDAC in Nigeria

Corporate & Commercial, Corporate and Business Advisory, Healthcare, Intellectual Property, Startup Law, Technology and InnovationBy Mandel Solicitors

Introduction A pre-requisite for the importation, marketing, distribution and sales of foods, drugs, chemicals, cosmetics and medical devices manufactured or produced abroad is registration with the National Agency for Food and Drugs Administration and Control (NAFDAC) in Nigeria. Failure to register with NAFDAC before importing, marketing or distributing any regulated products manufactured or produced abroad…

How to Register and Obtain License as a Virtual Assets Service Provider (VASP) in Nigeria

Corporate & Commercial, Corporate and Business Advisory, Dispute Resolution, Financial Services, Financial Technology (FinTech), Startup Law, Technology and InnovationBy Mandel Solicitors

Introduction The enactment of the Investment and Securities Act, 2025 ushered in a new regime for the formal recognition and acceptance of cryptocurrencies in Nigeria with the implication that cryptocurrencies and other forms of virtual assets can now be legally traded in Nigeria. Although there have been rules issued by the Securities and Exchange Commission…

E-Visa Replaces Visa on Arrival in Nigeria for Short-Time Visitors

Corporate & Commercial, Corporate and Business Advisory, Immigration, Labour and Employment, Technology and Innovation, TelecommunicationsBy Mandel Solicitors

A new visa application system which took effect from 1 May 2025 has been introduced in Nigeria. The new visa application system introduces an e-Visa which has officially replaced the issuance of Visa on Arrival (VOA) from 1 May 2025. However, Visas on Arrival which were issued before the commencement of the e-Visa system would…

Registrations and Licensing with the Nigerian Securities and Exchange Commission (SEC)

Corporate & Commercial, Corporate and Business Advisory, Financial Services, Financial Technology (FinTech), Startup Law, Technology and InnovationBy Mandel Solicitors

The Securities and Exchange Commission (SEC) is the Nigerian Government regulatory agency responsible for registering and regulating the activities of the participants in the Nigerian capital market. The SEC registers and issue licenses to qualified persons and companies operating in the Nigerian capital market. One of the core functions of the Nigerian SEC is the…

The Procedure for the Registration of Trademarks in Nigeria

Corporate & Commercial, Corporate and Business Advisory, Healthcare, Intellectual Property, Media and Entertainment, Startup Law, Technology and Innovation, TelecommunicationsBy Mandel Solicitors

A trademark is an intellectual property which may take the form of a logo, word, phrase or symbol, sign, design, etc. A trademark is therefore a unique sign or mark which serves the purpose of distinguishing the goods and services of one business from another. There are many businesses in Nigeria whose products are easily…

How to Register a Company with Foreign Participation in Nigeria

Corporate & Commercial, Corporate and Business Advisory, Healthcare, Real Estate, Startup Law, Technology and Innovation, TelecommunicationsBy Mandel Solicitors

Nigeria is an attractive destination for foreign investments due to its many business potentials which include digital money lending, technology, healthcare (particularly telehealth/telemedicine), manufacturing, e-commerce, e-hailing, real estate, etc. The business potentials are enormous and the Nigerian government operates an open-door policy to foreign investments subject to compliance with applicable laws and regulations which regulate…

Collocation and Infrastructure Sharing in the Telecommunication Sector in Nigeria

Construction, Corporate & Commercial, Corporate and Business Advisory, Real Estate, TelecommunicationsBy Mandel Solicitors

As the principal regulator of the communications sector in Nigeria, the Nigerian Communications Commission (NCC), is responsible for the promotion of fair competition in the telecommunication industry, and infrastructure sharing among operators and licensees. Pursuant to the powers conferred by the Nigerian Communications Act (NCA), the NCC have over the years issued Guidelines on Collocation…

The Importance of Due Diligence in Corporate Transactions

Corporate & Commercial, Corporate and Business Advisory, Financial ServicesBy Mandel Solicitors

Due diligence is the examination of the business of a company such as its legal and financial records, level of compliance with regulations, contracts, etc. Corporate entities usually engage in lending, investing, restructuring, financing and other important transactions. These transactions, by their nature, require due diligence exercise to be carried out by the corporate entities.…