The Growth Board of the Nigerian Exchange Limited (NGX) was developed to enable companies with small market capitalisation , good corporate governance structure and potential for growth to list on the NGX and grant them [...]
It is indubitable that over the last decade, the creative and entertainment industry in Nigeria has experienced massive growth. However, despite this noticeable growth, the industry appears beset by lack of funding and the absence [...]
Payment Service Banks (“PSBs”) have remained a veritable vehicle for financial inclusion across countries since their introduction into the financial space,. In July 2021, the Central Bank of Nigeria (“CBN”) issued a Supervisory Framework for [...]
ǼLEX is the author of the Nigeria chapter of the Chambers Doing Business In…2021 Guide. The Chapter offers insight on Nigeria’s legal system, including laws on employment, tax, competition, data protection, intellectual property as well [...]
Partner and Head of our Technology and Innovation Practice Group, Davidson Oturu, was on Africa Independent Television (AIT) - Focus Nigeria Program where he discussed the regulatory environment and the need for a Nigerian Start-up [...]
Considering the necessity of adequate cybersecurity systems in this digital world, the ǼLEX Fintech Centre (“the Centre”) in its latest podcast hosted Ms. Confidence Staveley, the Founder and Executive Director of Cybersafe Foundation. In this podcast, [...]
There has been some disagreement between the Nigerian Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) over which agency is responsible for collecting stamp duties on receipts, electronic transfers, and teller deposits. However, [...]
On 1 January 2021 , a new era began in Africa with the commencement of trade under the African Continental Free Trade Area (“AfCFTA”) regime. The AfCFTA seeks to create a single market for goods [...]
We are pleased to note that our Davidson Oturu has been recognised as a #Global Leader and #Thought Leader in #Fintech by Who's Who Legal in its 2021 rankings. Davidson is described by Who's Who [...]
The African Private Equity and Venture Capital Association (AVCA) Regional Summit is scheduled for 30th September 2021 with the theme "Unpacking Indicators, Innovation & Impact: What’s Next for Private Capital in Africa?" Speakers at the [...]
AELEX congratulates our client, Global Citizen - a charitable organisation working to end extreme poverty - on the successful 24-hour Live charity concert it recently organised which was targeted to raise awareness on climate change, vaccine inequality [...]
AELEX is excited to be advising Glovo as it launches its operations In Nigeria. Glovo, a Spanish Unicorn, is a multi-category on-demand delivery app, and its launch in Nigeria is part of its continued market [...]
SEC Introduces New Custody Rules for Collective Investment Schemes and Mutual Funds
After two decades of unsuccessful attempts and several iterations, the Petroleum Industry Bill was recently passed into law following the assent of the President of Nigeria, Muhammadu Buhari. The Petroleum Industry Act (PIA) provides a [...]
As a general principle, limitation laws apply to all civil actions. Consequently, once an action is caught by a limitation law, it cannot be sustained, and a court is divested of the jurisdiction to entertain [...]
During the 306th Banker’s Committee Meeting in July 2021, the Governor of the Central Bank of Nigeria (CBN) announced that CBN will start working on a digital currency, the eNaira, which will support and complement [...]
AELEX represented the Shell Petroleum Development Company (SPDC) in a landmark decision involving the renewal of the Oil Mining Licence 11 (OML 11). At the Federal High Court, SPDC was successful as the Court entered judgment [...]
We are delighted to announce our Tiwalola Osazuwa, Chioma Olibie and Olubusola Oyeyosola were recognized within the Rising Star category of the newly released 31st Edition of the IFLR1000 , the international guide to the world’s leading financial and corporate law firms [...]
We are delighted to announce that IFLR1000 , the international guide to the world’s leading financial and corporate law firms and lawyers, has highlighted our firm and lawyers in its newly released list of 2021 rankings. Six of [...]
There has been a lot of interest in the activities of investment technology companies (investment tech) as some of them have been utilising platforms offering securities of foreign companies to investors in Nigeria. However, these [...]
