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Latest Insights
Bank Corporate Client Acquisitions: Employment Law Considerations
August 5, 2025If women were selected, incentivized, or subtly pressured to use charm or appearance to attract business, this may constitute constructive dismissal, if such women feel compelled to resign.
New Online Lending Regulations in Nigeria by FCCPC
August 4, 2025The FCCPC is saying, if you are a digital lender and your business or partnerships do not meet certain minimum standards, we would not let you start the business or enter/continue that partnership agreement. If you have already commenced business, we would stop you from continuing to do business, until you meet our standards. This is a very high bar and commendable.
Lagos State Publishes List of Over 170 Illegal Estates
August 4, 2025The Lagos State Ministry of Physical Planning and Urban Development has issued a formal public notice identifying more than 170 real estate developments in Ibeju-Lekki, Epe, Eti-Osa, and other areas as non-compliant estates ( the "Illegal Estates Notice")
Nigeria’s Open Banking: Data Access Considerations
July 29, 2025As 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. In this update, we outline key considerations for fintechs seeking to responsibly and lawfully leverage open banking APIs to access customer data.
CBN’s Open Banking Guidelines: Implications for Non-Bank Entities
July 27, 2025It is often assumed that the CBN's Open Banking Guidelines are relevant only to banks and licensed fintech companies. However, a closer reading of the Open Banking Guidelines suggests that its application is significantly broader, extending to any company that shares or consumes financial data through APIs, regardless of sector.
Artificial Intelligence in Nigeria: Key Regulatory Considerations
July 23, 2025A recent report by Google titled "Our Life With AI: From Innovation to Application" suggests that generative AI adoption in emerging markets is significantly higher than global averages. Within that context, we examine some regulatory touch points within the emerging legal framework for artificial intelligence services in Nigeria.
Are U.S. Foreign SaaS Corporations Regulated by Nigeria?
July 23, 2025We think that the African SaaS market is already significantly larger than commonly cited figures suggest. While some sources estimate it at around $3.5 billion in 2023, we believe this substantially understates actual consumption.
LASBCA “Request-for-Documents” Letters: Key Considerations
July 17, 2025The Lagos State Building Control Agency (LASBCA) has begun mass-issuing “Request for Documents” notices to property owners in Lagos State.
Doing Business with the Nigerian Government: Key Considerations for Private Sector Players
July 10, 2025Nigeria’s Federal government remains the largest economic player owning vast land, oil reserves, infrastructure assets, and regulatory powers that influence every sector.