Why Would Nigerian Courts Disagree with the Nigerian Central Bank on Cryptocurrency Regulation?
One may disagree with the approach of the Central Bank of Nigeria to regulating cryptocurrencies but Nigerian courts are not likely disagree. Here are 3 reasons why
The Safeboda Data Privacy Breach Decision: Some Key Takeaways
The latest decision by the data privacy regulator in Uganda[1] (NITA-U) is instructive for technology companies in Nigeria, for the NITDA[2] and for data privacy regulators across Africa.
S.E.C. Crowdfunding or Venture Capital Financing – Which One Works?
Perhaps, one of the most important decisions you can make as a Nigerian founder/business owner is that decision around the type of investor from whom to raise money and ...
Nigeria’s New Sandbox for Fintech Companies & Banks: What Fintechs Need to Know
Nigeria’s Central Bank (CBN) has finalised plans to introduce a regulatory sandbox for Financial Technology companies (Fintechs) in Nigeria. With the newly proposed Fintech sandbox (CBN Fintech Sandbox/Sandbox)..
Designing a Fintech Compliance Strategy: Strategic Considerations for African Fintechs
We analysed data, facts and legislation surrounding 33[1] regulatory actions taken against financial technology (Fintech) companies by Fintech regulators across Europe, US..
Payment Service Fintech Companies: Competing Fairly with your Merchants?
Payment service fintech companies (PSPs)[1] in Nigeria could be at risk of legal and regulatory liability if they pivot to products or services which are in competition with ..
Has a Founders’ Agreement Lost its Value?
[vc_row][vc_column][vc_column_text]Here are some of things we have learnt. If you are looking for a partner to build a tech business, the contractual foundations of your tech business are as important as building the product itself. At the core of a business relationship...
The Methodology of a Useful Data Privacy Audit – Key Considerations for Nigerian Companies
We recently shared a Data Privacy Compliance update within our client network and would like to share a few points from the update, which is based on a recent data privacy audit that we conducted for a Nigerian company
New Income Tax on Global Technology Companies in Nigeria
Facebook, Twitter, Amazon, Alibaba, Netflix, Tencent and other global technology companies will now be subject to income tax in Nigeria. In its 2019 Finance Act ..
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”).