The ‘Guidelines on Simplified Process for Foreign–to-Foreign Mergers with Nigerian Component’ was published by the Federal Competition and Consumer Protection Commission on 13 November 2019. Our understanding is that the Guidelines were issued pursuant to the [...]
One of the mandates of the National Information Technology Development Agency (NITDA) is to issue policies for the development of the Information Communication Technology (ICT) sector in Nigeria. The ICT sector has since grown in [...]
The Central Bank of Nigeria (“CBN”) recently reintroduced bank charges on select cash deposits and withdrawals in the country. The objective of this policy, according to the CBN, is to discourage customers from frequently depositing [...]
The passage of the Federal Competition and Consumer Protection Act 2018 resulted in the introduction of a new regulatory framework for mergers & acquisitions in Nigeria. With the establishment of the Federal Competition and Consumer [...]
Our Tiwalola Osazuwa and Frances Anaekwe Obiago are the contributors to the Nigerian Chapter on Franchising in the International Comparative Legal Guide (ICLG) 2020. The publication examines the different models of local and international franchising [...]
How has the EU General Data Protection Regulation 2016/679 impacted upon image rights, what rights do data subjects have and how can the rights be enforced under Nigeria’s Data Protection Regulation and case law? Our article [...]
Image rights, which extend beyond photographs, are beginning to gain prominence with numerous instances of their exploitations and infringements. In our article in the link below, we examine the scope of image rights, their commercialisation [...]
The Nigerian Stock Exchange (the “NSE”) recently amended its rules on online trading through a press release. The objective of the amendment, according to the NSE, is to assist with the regulation of online trading in [...]
The Central Bank of Nigeria (the “CBN”), recently issued a new set of guidelines on Disclosure and Transparency (“the Guidelines”) for institutions under its regulation. The objective of the Guidelines is to provide minimum disclosure [...]
Intellectual property rights (IPRs) can be very valuable assets and ought to be considered, like other proprietary rights, in merger and acquisition transactions. Our article in the link below considers certain key issues that must [...]
Adefolake Adewusi, Florence Bola-Balogun and Tolulope Ogidi of ǼLEX review a recent decision of the Nigerian Court of Appeal on whether VAT should be payable on satellite bandwidth, and consider some legal issues which arise [...]
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 [...]
Arguably, the most basic principles in business are minimising cost and maximising profit. Thus, it is not unnatural that businesses would seek to reduce their expenses to the barest minimum. It [...]
ǼLEX Partner, Davidson Oturu, was recently interviewed by the World Trademark Review. He spoke, amongst other issues, on how owners of trademarks can protect their marks against persons who seek to register those marks as [...]
The Central Bank of Nigeria (CBN) recently released a circular titled, “Guidelines on Accessing the CBN Standing Deposit Facility.” The Circular limits the interest-bearing amount of banks’ and discount houses’ liquid assets with the CBN [...]
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 [...]
In July 2014, the then Minister of Finance – Dr Ngozi Okonjo- Iweala signed the Value Added Tax (Exemption of Commissions on Stock Exchange Transactions) Order, 2014 to waive payment of Value Added Tax (“VAT”) on [...]
Nigeria has a new Asset Management Corporation of Nigeria (Amendment) Act, 2019 (AMCON Act) as the President of the Federal Republic of Nigeria signed it into law on 7th August 2019. The AMCON Act [...]
