Tech Digest for April

Olaniwun Ajayi's Technology Innovation and Fintech Team presents its Tech News Highlights (Highlights) for the month of April. The Highlights contain a summary of major local and international developments in the Technology...

NEWSLETTER ON THE OPERATIONAL GUIDELINES FOR INSURANCE WEB AGGREGATORS ISSUED BY NAICOM

In exercise of the powers conferred by the National Insurance Commission Act, 1997 (the NAICOM Act) the apex regulator of the insurance industry, the National Insurance Commission (NAICOM or the Commission) recently...

NEWSLETTER ON THE DRAFT GUIDELINES FOR THE REGISTRATION AND OPERATION OF BANK NEUTRAL CASH...

In a bid to reduce cost and improve operational efficiency in the country’s cash management value chain and to promote a sound financial system in Nigeria, the Central Bank of Nigeria (CBN)...

FREQUENTLY ASKED QUESTIONS ON EMPLOYEE SHARE AND STOCK COMPENSATION PLAN

We have prepared these Frequently Asked Questions (FAQs) to address some of the general issues, and concerns that employers and employees have in relation to the issuance and administration of employee share...

Newsletter on SEC Proposed Rules on Issuance, Offering Platforms and Custody of Digital Assets

The Securities and Exchange Commission (SEC) has recently issued its Proposed Rules on Issuance, Offering Platform and Custody of Digital Assets (the Proposed Rules). This is following the SEC’s press release in...

Newsletter on SEC Proposed Rules for Registration of Virtual Asset Service Providers

In 2020, the Securities and Exchange Commission (SEC) expressed its intention to regulate the virtual assets when it released the “Statement on digital assets and their Classification and Treatment”. However, following the...

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital...

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering Platforms and...

Newsletter on the CBN Draft Operational Guidelines for Open Banking in Nigeria

In February 2021, the Central Bank of Nigeria (CBN) released the Regulatory Framework for Open Banking in Nigeria (the Open Banking Framework) which establishes principles for data sharing across the banking and...

Newsletter on the Securities and Exchange Commission (Capital Market Operators AML/CFT) Regulations 2022

In exercise of its powers to protect the integrity of the securities market against all forms of abuse, fraudulent and unfair trade practices, the Securities and Exchange Commission (SEC) reviewed, repealed, and...

The Nigeria Startup Act 2022: Highlights of its Framework and Notes on its Prospects

On 19 October 2022, the President of the Federal Republic of Nigeria gave his assent to the Nigeria Startup Bill 2021, effectively signing it into law as the Nigeria Startup Act 2022...