On 10th December 2020, the Central Bank of Nigeria (CBN) issued a circular on “New License Categorisations for the Nigerian Payments System”. The introduction of the policies highlighted in the [...]
Summary for the PCI-DSS Article The Payment Card Industry Data Security Standards (PCI-DSS) set by the Payment Card Industry Security Standards Council (PCI-SSC) are the operational and technical requirements which entities that process payment transactions [...]
Our Davidson Oturu will be one of the speakers at the Nigeria Fintech Week. His session will hold by 4pm on Thursday 5th November 2020 and his panel will be discussing on “the future of [...]
We are pleased to be one of the sponsors of the forthcoming Nigeria Fintech Week event scheduled for 2nd - 6th November 2020. The event will bring together some of the leading thought leaders, entrepreneurs and [...]
In a recent statement, the Nigerian Security and Exchange Commission (SEC) officially recognised, categorised and defined crypto assets within the Nigerian Jurisdiction. Key Players in the FinTech space believe this is a rare move by [...]
In this second part of the article, Oluwapelumi Omoniyi, (Associate) explores Initial Coin Offerings (ICOs), how it is used to raise funds, the Nigerian legal framework on ICOs, and the pros and cons of ICOs. [...]
The ǼLEX Technology, Media and Telecommunications Practice Group is pleased to be advising Hissbox as it launches its online streaming and content distribution platform. Hissbox is a streaming platform, film production and distribution company primarily focused on [...]
The adoption of e-payment channels as a preferred means for commercial transactions has also led to an increase in cases of e-payment frauds, particularly through obtaining the Automated Teller Machine ("ATM") card information of unsuspecting [...]
Cryptocurrency has revolutionised the global monetary system and slowly evolved into a viable legal tender. Noting the increasing use of cryptocurrency in Nigeria, it is imperative that the Central Bank of Nigeria and the Securities and Exchange [...]
Across the global village, Voice over Internet Protocol (“VoIP”) is regarded as a disruptive technology that has affected the pricing fundamentals of the telecommunications industry. In addition, the use of VoIP technology for personal and business [...]
The COVID-19 pandemic hit the world in an unprecedented manner and, in just a few months, it has had such a profound impact on the world of work. As a result, physical office premises were [...]
The Securities and Exchange Commission recently published the Proposed Rules on Crowdfunding (particularly Investment-Based Crowdfunding) in Nigeria, inviting comments from stakeholders. Our Associate, Olubusola Oyeyosola Diya, examines the provisions of the Proposed Rules and its [...]
Due to the perceived invasive nature of the Internet, arguments have been made that persons whose data are being used should be allowed to enjoy their privacy and be entitled to have their information protected [...]
Technology has disrupted almost every aspect of life, including our finances. Specifically, it has broadened the ways companies and individuals are looking to finance their projects and businesses. This article by our Olubusola Oyeyosola Diya, [...]
We are happy to announce that our FinTech practice has been ranked by Chambers and Partners in the Fintech Legal category for Nigeria. AELEX is recognised as experts in corporate and commercial law with a dedicated [...]
Our Davidson Oturu has been ranked by Chambers and Partners in the 2020 FinTech Legal Guide. He is recognised for being "highly experienced in advising on ICT matters and has a strong track record in handling [...]
One of the mandates of the National Information Technology Development Agency (NITDA) is to issue policies for the development of the Information Communication Technology (ICT) sector in Nigeria. The ICT sector has since grown in [...]
The Central Bank of Nigeria (the “CBN”), recently issued a new set of guidelines on Disclosure and Transparency (“the Guidelines”) for institutions under its regulation. The objective of the Guidelines is to provide minimum disclosure [...]
The FinTech Roadmap Committee was inaugurated by the Securities and Exchange Commission (SEC) on the 14th of November 2018 at SEC's 3rd quarter Capital Market Committee meeting. The Committee was set-up to address the application [...]
The introduction of the internet in the late 20th century has changed how we live, work and carry out transactions. The connection of devices to the internet is termed, the Internet of Things (IoT). In [...]
