Understanding Nigeria's evolving legal and policy framework for data localisation, data residency, sovereign cloud infrastructure and cross-border data transfers download pdf Introduction Artificial intelligence, cloud computing, cybersecurity and digital sovereignty [...]
AELEX has been ranked by Chambers & Partners for FinTech Legal 2025 in Nigeria. This recognition highlights our team’s dedication to providing innovative, top-tier legal services in the rapidly evolving FinTech sector. Our team continues [...]
In this privacy-themed episode, Ifeoluwa Ebiseni (Associate, AELEX), talks with Femi Daniel about the role he played in the development of the Nigeria Data Protection Regulation (NDPR), Nigeria's first data protection legislation. Although the Nigeria [...]
In this episode, Nenjom Asuk (Associate, AELEX), has a sit-down with Nancy Ezeonugo, the Head of Legal/Company Secretary at JumiaPay. Recorded during the heat of the currency swap a few months ago, the discussion here [...]
The metaverse in today’s world has increasingly become the newest domain for artists and art enthusiasts, crypto enthusiasts, and gamers. The global metaverse market is worth half of Nigeria’s tech ecosystem, GDP-wise. With this in [...]
There has been a lot of interest in the activities of investment technology companies (investTech) as some of them have been utilising platforms offering securities of foreign companies to investors in Nigeria. However, these [...]
Nigeria witnessed significant regulatory and legal developments that impacted on the fintech sector in 2022. Indeed, the Central Bank of Nigeria, (CBN), the Securities and Exchange Commission SEC), the National Information Technology Development Agency (NITDA) [...]
As a means of fundraising, tech startups in Africa have historically preferred listing on foreign stock exchanges, like the NASDAQ, NYSE, or the LSE. This trend represents a form of capital flight that has denied [...]
Payment Card Industry Data Security Standards (PCI-DSS) are the operational and technical requirements which entities that process payment transactions must adhere to in order to limit data security breaches and financial fraud. In this article, [...]
The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) have indicated that they will be launching a Domestic Card Scheme on 16th January 2023. The implication of this would be that [...]
In the recent episode of the AELEX Fintech Centre podcast, our Ifeoluwa Ebiseni interviewed Oladiwura (Diwura) Oladepo, Executive Director at Tech4dev. In the podcast, we discuss Oladiwura's experience as a woman in tech, her MBA journey, and [...]
On December 13, 2022, the CBN launched the Regulatory Sandbox for testing innovative products and services in the Nigerian payments space before market rollout. In this short note, we discuss the criteria for qualifying as [...]
Cryptocurrencies have largely received conflicting treatment by regulators in Nigeria. While the Central Bank of Nigeria (“CBN”) has increasingly been hostile towards cryptocurrencies, the Securities and Exchange Commission (“SEC”) has, for the most part, adopted [...]
Contactless payments offer a convenient and, where proper safeguards are introduced, significantly safer payment method. With projections that Contactless Payments will reach a global value of USD164.15 billion by 2030 and major players in the [...]
The NDPB released a compliance notice (“Notice”) on 13 October 2022, which contained additional compliance requirements for data controllers under the National Data Protection Adequacy Programme (“NaDPAP”) Whitelist. We have highlighted some of these updates [...]
On 6 October 2022, the Nigeria Data Protection Bureau (“NDPB”) released the Data Protection Bill 2022 (“the Bill”). In this article, our Ifeoluwa Ebiseni, Nenjom Asuk and Ademayowa Borokinni examine the Bill and highlight the attendant issues [...]
In recent times, Buy Now Pay Later (BNPL) arrangements have witnessed a huge surge, recording almost 400% global growth between 2019 – 2021, and expected to further increase by over $480 billion between 2021 – 2026
Determining the Role of Law in Automated Transactions Smart Contracts, a blockchain-based solution that ensure automatic performance of the terms of contracts, hold a great deal of potential in redefining the [...]
Cryptocurrencies have risen to prominence in recent times and are expected to remain a fixture in the fintech landscape. Stablecoins are perhaps the most promising category of cryptocurrency as they combine the innate advantages/promises [...]
