Nigeria Issues 2024 Online Trust and Safety Compliance Report
The National Information Technology Development Agency (NITDA) has released the 2024 Compliance Report on the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries (CoP for ICSPs/IIs).
Nigeria’s Open Banking: Data Access Considerations
As Nigeria transitions to an open banking regime, we anticipate a wave of fintech innovation driven by secure and regulated access to customer data. While this access presents significant opportunities for product development, it is governed by strict regulatory safeguards....
Content Moderation Compliance Report by the NITDA
Specifically, the Compliance Report documents and evaluates the compliance efforts of Google, Linkedin, TikTok and X, in areas such as
Some Compliance Learnings from FCCPC’s $220 million fine on Meta
Until FCCPC's Decision imposing a $220m fine on Meta has been successfully appealed, the legal principles enumerated in the decision as well as the conclusions reached therein are generally legally binding on businesses operating in Nigeria. Without a doubt, the...
New Central Banking Regulations for Cryptocurrency Companies in Nigeria
In a new 2023 Regulation for the Operation of Virtual Asset Providers in Nigeria, issued by Nigeria’s Central Bank, Nigeria has effectively lifted a previous ban that prohibited local Nigerian banks from transacting with or providing business banking services to...
Financing Music & Entertainment in Nigeria: Some Strategic Considerations
The Central Bank of Nigeria (CBN) on July 1, 2019, issued the Modalities for the Implementation of the Creative Financing Industry Initiative (the “Modalities”).