It is usual for foreign technology that are not readily available in Nigeria to be transferred or licensed to a party in Nigeria. The transfer of foreign technology by a party abroad to a counterpart in Nigeria must satisfy important legal considerations as put in place by the applicable law which is the National Office…
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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…
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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…
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International trade and transactions including the supply of goods and services across international borders between parties residing or doing business in different countries often lead to commercial disputes. Due to increasing participation in international trade activities and transactions, it is not unusual for claims relating to breach of contract, failure to pay for goods or…
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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…
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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.…
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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…
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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…
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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…
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As a foreigner intending to visit a country such as the United States, Canada, United Kingdom, Germany, Ireland, etc. for tourism, work, study or to reunite with family, you would require an appropriate visa to enable you legally enter and stay in the country. However, due to certain factors, visa applicants sometimes receive visa refusal…
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