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 [...]
With more organisations migrating their functionalities online, the National Information Technology Development Agency (NITDA) had previously issued the Nigerian Data Protection Regulations. Following recommendations by stakeholders, NITDA has released a draft implementation framework informing individuals [...]
On 29th July 2019, a subsidiary of Telco major – MTN, was issued a licence by the Central Bank of Nigeria to operate as a Super-Agent, making MTN the first Telco in Nigeria to venture [...]
The arrival of financial technology (“FinTech”) companies continues to change the way we live and bank. By virtue of their operations, from payments and remittances to lending and wealth management, FinTech companies are attractive targets [...]
Social media has come to be recognised as a very important tool for the circulation of information due to its global reach. Yet, if not used properly, it could pose a lot of disadvantages. This double-edged [...]
Florence Bola-Balogun Nigeria moved from a country with zero legislation on cyber security to a country with an extensive law with the enactment of the Cybercrime (Prohibition, Prevention, Etc.) Act (“the Act”) in 2015. The [...]
Recently, the Central Bank of Nigeria issued the Regulations on End-to-End Electronic Payment of Salaries, Pensions and Other Remittances, Suppliers and revenue collections in Nigeria (the Regulation). The Regulation seeks to promote safe and effective [...]
