Digital money lending entails the provision of consumer loans through electronic channels to customers. Local and international investors can carry on the business of digital money lending in Nigeria subject to compliance with applicable laws and regulations. The provision of digital money lending services in Nigeria requires navigation and compliance with applicable legal requirements in…
The Nigerian Communications Commission (NCC) and the Corporate Affairs Commission (CAC) issued a joint circular on 21st June 2026 on the requirements for the prior approval of NCC for changes in the shareholding or ownership structure of licensed communications companies in Nigeria. NCC is the regulatory authority responsible for the issuance of communications licenses, supervising…
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 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…
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…
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…
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…