CBN Issues Draft Guidelines on Contactless Payments in Nigeria

Contactless payment is the system by which devices that have radio-frequency identification or near-field communication are used for making secure payments. The CBN recently issued the Draft Guidelines on Contactless Payment in...

Federal Competition and Consumer Protection Act, 2018: A New Regulatory Landscape for Mergers...

On 5th February 2019, the Federal Competition and Consumer Protection Act (‘the Act’) received Presidential Assent and was passed into law. Prior to the enactment of the Act, the legal framework for...

The Proceeds of Crime (Recovery and Management) Act, 2022: Revitalizing Nigeria’s Anti-Graft War

On 12 May 2022 the Proceeds of Crime (Recovery and Management) Act came into effect. Drawing from local experience in the anti-graft war, and noticeably influenced by international instruments such as the...

OALP Legislative Tracker: March 2022 Lookback Review

We remain committed to keeping you informed of germane legislative activities via our legislative tracker series. We are excited about this March edition which wraps up an enlightening first quarter of 2022.
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Shareholders seek fair investigation on Oando crisis

Following the directive given to the Securities and Exchange Commission (SEC) by the House Committee on Capital Market and Institutions to investigate allegations of financial impropriety and mismanagement of Oando Plc, shareholders of the...

Newsletter on the eNaira Draft Regulatory Guidelines

In an attempt to provide legal and regulatory clarity on the proposed eNaira, the CBN has prepared the draft Regulatory Guidelines on eNaira (Draft Guidelines). Upon its issuance by the CBN, the...

Finance in Five Minutes: Derivative Contracts

Derivative Contracts are financial instruments used for risk management purposes in a transaction. In this series of ‘Finance in Five Minutes’, we succinctly discuss Derivative Contracts, highlighting its purpose, forms and regulatory...

Lagos State Passes New Land Use Charge Law

On Monday 29 January, 2018, the Lagos State House of Assembly (LSHA) passed into law the Land Use Charge Bill 2017. The objective of the law is to provide for the consolidation of Property...

Regulatory Notice: The Securities and Exchange Commission is Accepting Applications for its Regulatory Incubation...

The Securities and Exchange Commission (SEC) has invited applications from the public for the first cohort of its Regulatory Incubation Program (Program). The Program is designed for entities offering a novel type...

OALP’S ANALYSIS OF THE RECENTLY ENACTED CLIMATE CHANGE ACT 2021 AND ITS POTENTIAL IMPACT...

In the last quarter of 2021, His Excellency, President Muhammadu Buhari signed into law, the Climate Change Act 2021, to usher in a new dawn in Nigeria’s efforts towards environmental sustainability and...