FAQs on the CBN Guidelines for Licensing and Regulating Payment Holding Companies 2021

In 2020, the Central Bank of Nigeria (CBN) published the CBN Circular on New Licence Categorisations for the Nigerian Payments System wherein it mandated financial technology companies desirous of operating switching and...

Digital Banking in Nigeria: The State of Play and Legal Framework

In Part A of this Article, we examined the value proposition and factors driving the adoption of digital banking in Nigeria including the challenges facing the sector. Part B of the Article...

DRP Quarterly Newsletter Q2 2021

Welcome to the 2nd Quarter of the Dispute Resolution Practice Quarterly Newsletter 2021 by Olaniwun Ajayi LP. The 2nd quarter of the year 2021 in Nigeria’s dispute resolution...

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.

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...

Robots may start giving investment advice in the Nigerian capital market

The Securities and Exchange Commission has proposed a regulation for Robo-advisers in the Nigerian capital market. The proposed regulations create a new class of participants in the Nigerian capital...

OALP Dispute Resolution Wrap-Up 2022 and 2023 Outlook 

In 2022, the dispute resolution space, as with other sectors in Nigeria returned to a semblance of normalcy after reeling from the inimical impact of COVID-19 as Nigerian Courts fully returned to...

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...

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...

UNBUNDLING THE PIA: HOST COMMUNITIES DEVELOPMENT

The host community development provisions in the Petroleum Industry Act 2021 (PIA) remain a focal topic of discourse amongst stakeholders in the Nigerian oil and gas industry. The reason for this is...