Introduction The Nigeria Data Protection Act (NDPA), 2023 is the principal legislation regulating the processing of personal data in Nigeria. It established the Nigeria Data Protection Commission (NDPC) as the regulatory authority responsible for overseeing data protection compliance in Nigeria including the registration of Data Controllers and Data Processors of major importance. Further to the…
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.…
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…
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…
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.…