Bitcoin Cryptocurrecy

Two in court over alleged N10m Bitcoin scam

Two men, who allegedly obtained N10 million on the pretext of exchanging it for $30,000 worth of bitcoin, on Thursday appeared before a Yaba Chief Magistrates’ Court in Lagos. The accused, Ransome Ajom, 32, and...
Lekki Ikoyi Bridge

Lagos State Public Private Partnership

Introduction On 24 June 2011, the Lagos State Government passed into law the Public Private Partnership Law 2011 (PPP Law). The PPP Law which is the State Government’s latest attempt to further refine the legal...
Uber app news

Uber is Suing an Ad Agency for Fraud

Ride-hailing service Uber Technologies Inc. is suing an ad agency for fraud, thanks partly to a post on Breitbart News. Uber is taking Fetch Media Ltd. to court for click fraud. The company says the...

Newsletter on the new CBN Supervisory Framework for Payment Service Banks in Nigeria.

In addition of the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) by the Central Bank of Nigeria (CBN) in 2018 and revised in 2020, the CBN has yet...

THE FEDERAL GOVERNMENT OF NIGERIA IS SET TO FACILITATE THE DEVELOPMENT OF A 4000MW...

The Federal Government of Nigeria (FGN) recently announced the commencement of a bid process for the construction of a 4000MW nuclear power plant, as part its plans to bridge the energy gap...

Federal High Court Rules on EFCC’s Powers to Investigate Taxes of Companies

As the Nigerian government continues its revenue drive, questions on the exercise of fiscal powers continue to arise. In Wheatbaker Investments and Properties Limited v. Economic and Financial Crimes Commission (EFCC) &...
Company and Allied Matters Act

COMPANIES AND ALLIED MATTERS ACT (REPEAL AND RE-ENACTMENT) BILL 2018

On 15 May 2018, the 8th Senate considered and passed the Companies and Allied Matters Act (Repeal and Re-enactment) Bill, 2018 (the Bill) after its third reading. The Bill was the result of a...

Newsletter on the CBN Revised Regulatory Framework for Bank Verification Number (BVN) Operations and...

Pursuant to a circular dated 12th October 2021, the CBN has issued a revised Regulatory Framework for BVN Operations and Watch-List for the Nigerian Banking Industry (the Revised Regulatory Framework).

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...

OALP Mergers, Acquisitions and Private Equity Wrap-Up 2022 and 2023 Outlook

The world has continued to make steady progress in recovering from the economic woes that trailed the COVID-19 pandemic. In Nigeria, though the economic growth rate slowed down and declined in 2022...