Like many industries around the world, the creative industry has undergone evolution; from the use of three dimensional (3D) printers to compact discs (CDs) to Digital Versatile Discs (DVDs), and since the late 90s, the [...]
The Minister of Communications and the Digital Economy, Dr Isa Ali Ibrahim Pantami (the “Minister”) in accordance with Section 62 of the Nigerian Postal Services Act, 2004 (“NIPOST Act”) approved the new guidelines for the [...]
Over the past few weeks, the Central Bank of Nigeria (“CBN”) has issued circulars amending and clarifying the procedure for receipt of diaspora remittances (“the Circulars”) in Nigeria. In accordance with the new policy introduced [...]
From Uber to Jumia and even older technology (tech) companies like Etranzact and Chams Plc, it is arguable that Initial Public Offerings (“IPOs”) have not offered great returns for tech companies in Nigeria and across [...]
On Monday, 14th December 2020, our Lawrence Fubara Anga (LFA) was formally conferred with the rank of Senior Advocate of Nigeria. A decorated lawyer and seasoned advocate, LFA is qualified to practice law in three jurisdictions (Nigeria, Ghana, [...]
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 [...]
An application software (app) is a program designed to help customers perform particular activities. These apps, which are usually on our electronic devices, are used to control several things ranging from health & fitness, music, [...]
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 [...]
Recently, the Central Bank of Nigeria obtained an order of a Federal High Court and froze the accounts of some Nigerians. The controversy that trailed the apex bank’s application as well as the order made [...]
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 webinar organised by Mondaq with the theme “Arbitrating Investment Disputes in Africa: The Nigerian and Ghanaian Framework”, members of AELEX’s Arbitration Practice Group will consider the recent upsurge in the number of investment disputes [...]
After completing residential estates, developers typically create special purpose vehicles in form of Estate Residential Associations to oversee the provision of shared services such as security, waste management, street lights, etc. to residents of the [...]
This article, split into two parts, by the Aelex International Trade Practice Group discusses the development of the African Continental Free Trade Area with the Regional Economic Communities as building blocks for the continental market. [...]
AELEX is the exclusive contributor to the Nigerian Chapter of The Legal 500 (Legalease): Franchise and Licensing Country Comparative Guides. The country specific Guide provides a pragmatic overview of how businesses can set up franchises [...]
A Post-No-Debit alert is a directive that restricts a bank customer from withdrawing funds from his bank account. In this article, our Abdulmajeed Abolaji (Associate) discusses the powers of regulatory agencies and financial institutions to [...]
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 [...]
Our Sina Sipasi (Partner, Energy & Natural Resources Group) will be one of the speakers at the BusinessDay Future of Energy Series scheduled for 10am on September 29 and 30, 2020. The theme of the [...]
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 Lagos Judicial Division of the Federal High Court in its Judgment delivered on 3 December 2019 in Amanyi Mohammed v. Sproxil Nigeria Limited & 5 ors, decided inter alia that the mere issuance of an [...]
