History has it that crowdfunding has been in place since the Statue of Liberty. In order to complete the pedestal of the great piece of art, the American Committee of the Statue of Liberty was [...]
On 9th December 2020, the Central Bank of Nigeria (CBN) the Central Bank of Nigeria (CBN) issued a circular on “New License Categorisations for the Nigerian Payments System” (NPS Circular). The NPS Circular set out [...]
Robo-Advisors (sometimes spelt as Robo-Advisers) are digital investment advisory platforms that provide automated, algorithm-driven financial planning services with little to no human supervision. In this article our Oluwapelumi Omoniyi takes a cursory look at the [...]
Following the global trends and recent governmental policies on digital assets, the ǼLEX Fintech Centre (“the Centre”) in its latest podcast hosted Ms. Loretta Joseph, Senior Consultant (Digital Assets) at the Financial Intelligence Unit, Nigeria. [...]
Recently, several African startups have been making positive impact in their communities leading to a number of countries enacting or planning to establish a Startup Act. In this article, our Oluwapelumi Omoniyi examines the benefits of a Startup [...]
Open banking is an emerging financial services model that focuses on the portability and open availability of customer data held by financial institutions. It involves opening up banking systems, particularly customer data, to third parties [...]
Recently, companies that offer platforms for the purchase of shares in foreign companies (“investment tech” or “wealth tech”) to Nigerians have been in a tussle with the Securities and Exchange Commission, Nigeria (“SEC”) over their business activities. [...]
Are you running a start-up or contemplating starting that business and you are uncertain on how to proceed? Do not fret as AELEX Fintech centre has compiled this start-up tool kit to guide you on setting up your business.
$69,000,000 (sixty-nine million US Dollars). That is how much the first Non-Fungible Token (“NFT”) was sold at an auction house. This sale along with other “mega-sales” have created an NFT hype that has spread across [...]
Stableoins are unique cryptocurrencies that peg their value to external resources such as fiat currency (central bank issued currencies), commodities and other cryptocurrencies. The AELEX FinTech Centre considers this crypto asset in an article written [...]
The Central Bank of Nigeria (CBN) recently released the Framework for Regulatory Sandbox Operations and the Framework for Quick Response (QR) Code Payments in Nigeria. According to the CBN, the frameworks are aimed at strengthening [...]
The National Information Technology Development Agency (NITDA) has extended the timeline for filing the 2021 data audit report from 15 March 2021 till 30 June 2021. In 2019, the National Information Technology and Development Agency [...]
In celebration of the International Women's Day, 2021, the ǼLEX Fintech Centre (“the Centre”) has published as part of its interview series, the podcast themed ‘Choose to Challenge in the Fintech Sector’. In this podcast, Katharina Dalka [...]
The objective of open banking is to have a payments and markets infrastructure which provides customers with the ability to review all their banking and financial information seamlessly. Open banking will lead to a [...]
With the recent growth in technology, the storage of information online has become a common phenomenon. Though this method of storing information has proven to be very effective, the challenge of cyber breaches and data [...]
We are pleased to announce that our Davidson Oturu has been ranked as a leading lawyer by Chambers and Partners in its 2021 Fintech Guide.
We are pleased to announce that AELEX has been ranked by Chambers and Partners as a leading law firm in its 2021 Global Fntech Guide.
Opeyemi Araromi is an associate in the Technology, Media and Telecommunications practice group at AELEX. She provides legal advisory services to Nigerian and international corporate structures on data privacy and protection, and also provides regulatory [...]
In December 2020, the Central Bank of Nigeria (“CBN”) issued series of circulars in furtherance of its new policy on diaspora remittances. The older circulars and the CBN policy have been discussed in our earlier article on this subject and can be read here
Our Davidson Oturu, Opeyemi Adeleke and Kehinde Takuro recently contributed to OneTrust DataGuidance, an in-depth and up-to-date privacy and security regulatory research platform supported by decades of global privacy law research.
