Olaniwun Ajayi LP

February 15, 2023

Frequently Asked Questions on Data Protection Audit and Compliance

Under the Nigeria Data Protection Regulation (NDPR), organisations that process the personal data of up to 1000 Nigerian citizens or residents are required to file their data protection audit reports...

February 6, 2023

FINTECH FORWARD LOOK 2023

The sixth edition of our Fintech Forward Look for 2023 outlines key facts and figures that shaped the fintech industry in 2022. It also gives an in-depth analysis of the...

December 8, 2022

FAQs on the CBN Guidelines on Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing

On November 23, 2022, the Central Bank of Nigeria (CBN) issued the Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation of Weapons of Mass Destruction (AML/CFT/CPF) Guidelines for...

November 8, 2022

CBN Issues Draft Guidelines on Contactless Payments in Nigeria

Contactless payment is the system by which devices that have radio-frequency identification or near-field communication are used for making secure payments. The CBN recently issued the Draft Guidelines on Contactless...

October 31, 2022

The Nigeria Startup Act 2022: Highlights of its Framework and Notes on its Prospects

On 19 October 2022, the President of the Federal Republic of Nigeria gave his assent to the Nigeria Startup Bill 2021, effectively signing it into law as the Nigeria Startup...

October 27, 2022

Newsletter on the Securities and Exchange Commission (Capital Market Operators AML/CFT) Regulations 2022

In exercise of its powers to protect the integrity of the securities market against all forms of abuse, fraudulent and unfair trade practices, the Securities and Exchange Commission (SEC) reviewed,...

May 27, 2022

Newsletter on the CBN Draft Operational Guidelines for Open Banking in Nigeria

In February 2021, the Central Bank of Nigeria (CBN) released the Regulatory Framework for Open Banking in Nigeria (the Open Banking Framework) which establishes principles for data sharing across the...

May 23, 2022

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital Assets

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering...

May 12, 2022

Newsletter on SEC Proposed Rules on Issuance, Offering Platforms and Custody of Digital Assets

The Securities and Exchange Commission (SEC) has recently issued its Proposed Rules on Issuance, Offering Platform and Custody of Digital Assets (the Proposed Rules). This is following the SEC’s press...

May 11, 2022

Newsletter on SEC Proposed Rules for Registration of Virtual Asset Service Providers

In 2020, the Securities and Exchange Commission (SEC) expressed its intention to regulate the virtual assets when it released the “Statement on digital assets and their Classification and Treatment”. However,...

February 15, 2023

Frequently Asked Questions on Data Protection Audit and Compliance

Under the Nigeria Data Protection Regulation (NDPR), organisations that process the personal data of up to 1000 Nigerian citizens or residents are required to file their data protection audit reports...

February 6, 2023

FINTECH FORWARD LOOK 2023

The sixth edition of our Fintech Forward Look for 2023 outlines key facts and figures that shaped the fintech industry in 2022. It also gives an in-depth analysis of the...

December 8, 2022

FAQs on the CBN Guidelines on Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing

On November 23, 2022, the Central Bank of Nigeria (CBN) issued the Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation of Weapons of Mass Destruction (AML/CFT/CPF) Guidelines for...

November 8, 2022

CBN Issues Draft Guidelines on Contactless Payments in Nigeria

Contactless payment is the system by which devices that have radio-frequency identification or near-field communication are used for making secure payments. The CBN recently issued the Draft Guidelines on Contactless...

October 31, 2022

The Nigeria Startup Act 2022: Highlights of its Framework and Notes on its Prospects

On 19 October 2022, the President of the Federal Republic of Nigeria gave his assent to the Nigeria Startup Bill 2021, effectively signing it into law as the Nigeria Startup...

October 27, 2022

Newsletter on the Securities and Exchange Commission (Capital Market Operators AML/CFT) Regulations 2022

In exercise of its powers to protect the integrity of the securities market against all forms of abuse, fraudulent and unfair trade practices, the Securities and Exchange Commission (SEC) reviewed,...

May 27, 2022

Newsletter on the CBN Draft Operational Guidelines for Open Banking in Nigeria

In February 2021, the Central Bank of Nigeria (CBN) released the Regulatory Framework for Open Banking in Nigeria (the Open Banking Framework) which establishes principles for data sharing across the...

May 23, 2022

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital Assets

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering...

May 12, 2022

Newsletter on SEC Proposed Rules on Issuance, Offering Platforms and Custody of Digital Assets

The Securities and Exchange Commission (SEC) has recently issued its Proposed Rules on Issuance, Offering Platform and Custody of Digital Assets (the Proposed Rules). This is following the SEC’s press...

May 11, 2022

Newsletter on SEC Proposed Rules for Registration of Virtual Asset Service Providers

In 2020, the Securities and Exchange Commission (SEC) expressed its intention to regulate the virtual assets when it released the “Statement on digital assets and their Classification and Treatment”. However,...