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 [...]
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 [...]
Are you a start-up or are you contemplating starting that business as you do not have a clue on how to proceed, do not fret as this start-up tool kit[1] will guide you through on [...]
AELEX is the exclusive contributor on the Nigerian Chapter of the Legal 500: Litigation Country Comparative Guide. The country specific guide provides an overview of commercial litigation laws and regulations applicable in Nigeria and was authored by members of [...]
Funke Adekoya SAN (Partner) and Oluwaseun Philip-Idiok (Senior Associate) recently contributed to the 2021 edition of the Global Arbitration Review’s Commercial Know-how - Commercial Arbitration 2021 – Nigeria The publication is available here. Download pdf [...]
There are currently over 4000 (four thousand) cryptocurrencies in circulation and about 51,200,000 (fifty-one million, two hundred thousand) active traders of cryptocurrency around the world. With the proliferation of cryptocurrency and the associated technology that [...]
In line with the Central Bank of Nigeria’s commitment to promote an efficient and credible payments system, it issued the Guidelines for Licensing and Regulation of Payments Service Holding Companies in Nigeria which sets out [...]
Non-payment in construction projects could be extremely frustrating for the contractor. The contractor's frustration is further heightened where the contract prevents it from opting to suspend the performance of works because of the employer's non-payment. [...]
2021 has been an active year for the FinTech Industry as the Nigerian public appears to be embracing technology solutions following the Covid-19 lockdown. There have also been significant regulatory and legal developments in the [...]
ǼLEX is excited to have been engaged to draft a Startup Bill for Nigeria. The Bill is a joint initiative by Nigeria’s tech startup ecosystem and the Presidency to harness the potential of Nigeria's digital economy [...]
The Central Bank of Nigeria recently issued the Regulatory Framework for Mobile Money Services in Nigeria and the Guidelines for Mobile Money Services in Nigeria which sets out the modalities for providing mobile money services [...]
ǼLEX is delighted to announce that it has been shortlisted for the Technology, Media & Telecommunications Team of the year for the 2021 edition of the African Legal Awards. The African Legal Awards recognises exceptional achievement [...]
There are currently over 4000 (four thousand) cryptocurrencies in circulation and about 51,200,000 (fifty-one million, two hundred thousand) active traders of cryptocurrency around the world. With the proliferation of cryptocurrency and the associated technology that [...]
Following recent currency fluctuations experienced in many countries, parties to contracts are examining the force majeure provisions of their existing contracts to determine if currency devaluation may trigger their force majeure clauses. In this article, [...]
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The Nigerian Securities and Exchange Commission (“SEC”) released its Rules on Crowdfunding (“the Rules”) to regulate investment-based crowdfunding in Nigeria. The effective date of the rules is set at 21 January 2021 and entities who [...]
The Securities and Exchange Commission(“SEC”) on 16 June 2021 announced its Regulatory Incubation Program (the “RI Program”) for financial technology companies (“FinTechs”) offering services and products in the Nigerian Capital Markets space who are uncertain [...]
It is no longer news that the winners of the ‘2021 Marginal Field’ bid round (hereinafter referred to as grantee(s)) have emerged. As grantees and potential financiers contemplate how to raise capital and the means [...]
Given the new trends and styles that emanate regularly from its players, the fashion industry is one that is constantly evolving. This industry, which is largely characterised by the production, display and sale of clothing, [...]
