Directors have a fiduciary duty to their companies as they hold positions of trust and confidence and as a result, have an obligation to act in good faith and in the company’s best interests. Ghana's [...]
Our Sina Sipasi (Partner) and Crystal Okwurionu (Associate) will be speaking along with other panellist at a training session hosted by the Cyrus R. Vance Center for International Justice. Speakers at the event will discuss the process of structuring renewable [...]
Interested in protecting your intellectual property in NIgeria? Read more in our Guidebook on Intellectual Property in Nigeria.
The AELEX Technology, Media and Telecommunications practice group presents its 2021 Webinar themed-”"THE FUTURE OF TECHNOLOGY AND INNOVATION IN NIGERIA”. The webinar promises a line-up of seasoned experts (speakers) in technology and related fields, within and beyond [...]
The National Information Technology Development Agency (NITDA) had set a revised deadline (June 30 2021) for filing of data protection audit by data controllers. With the deadline fast approaching, we share some frequently asked questions (FAQ) [...]
On 25 May 2021, the Central Bank of Nigeria (“CBN”) issued a circular to deposit money banks, payment service providers and other financial institutions notifying them of the release of the Regulatory Framework for Non-Bank [...]
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 [...]
The Finance Act 2019 (“the Finance Act”) made significant changes to the tax regime in Nigeria, with broad implications for doing business, investment strategies and tax planning in Nigeria. Changes introduced by the Finance Act [...]
Section 20 of the Banks and Other Financial Institutions Act (BOFIA), 2020 provides two ways banks may acquire or hold shares in other entities. It provides that banks may hold shares in small and medium [...]
Dr Martin Tallhause looked out of his 15th-floor office window at the busy façade of the hustle and bustle of Ikoyi. He looked like he had just seen a ghost; worst still, he looked like [...]
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.
ǼLEX congratulates our Mrs Funke Adekoya SAN on her appointment into the Oil and Gas Alternative Dispute Resolution Centre (ADRC) Body of Neutrals of the Department of Petroleum Resources (DPR). The ADRC was established to [...]
$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 [...]
We are delighted to have contributed to the Nigeria Chapter of Corporate Tax 2021, a global corporate tax guide published annually by Chambers and Partners. The Chapter was jointly authored by Theophilus Emuwa and Jibrin Dasun. This [...]
