The Cryptocurrency Landscape in Nigeria
Cryptocurrency also referred to as crypto or digital currency, is a digital representation of value which functions as a medium of exchange.[1] According to the Financial Action Task Force (FATF), cryptocurrency is a math- based, decentralized convertible virtual currency[2] that is protected by cryptography. Since the introduction of the first decentralized cryptocurrency, bitcoin, in 2009 […]
Regulatory Status of Fintech Companies Involved in Securities Business and Investments
INTRODUCTION Technology has revolutionized the mode of operations of the different sectors of the economy and introduced new concepts and inventions. The financial sector is not excluded from the impact of technology with the introduction of financial technology (“Fintech”) to deliver financial services and products to consumers. The Fintech companies and startups have been expanding […]
Emerging Trends in Labour Relations: Part 1 – Privacy Rights in the Workplace
Privacy rights in the workplace is increasingly becoming an emerging trend in today’s workplace. This concept has become an international practice which has gained international recognition. This paper considers recent developments pertaining to the privacy rights of the employee at the workplace. The paper critically examines the nature of the concept of privacy within the […]
The Financial Technology (Fintech) Landscape And Regulatory Framework In Nigeria
It is no news that technology is causing a major disruption to how financial services were hitherto rendered all over the world, and the Nigerian finance sector is not exempt from this disruption. The Financial Technology industry also known as the “FINTECH “industry comprises over two hundred Companies in Nigeria playing in this space, with […]
A Review of The Companies And Allied Matters Act 2020 And Its Impact On The Nigerian Business Environment
Three decades after the Companies and Allied Matters Act 1990 came into force, President Muhammadu Buhari on Friday 7th August 2020, assented to the Companies and Allied Matter Act 2020, which repeals and replaces The Companies and Allied Matters Act 1990. The Act has been described as the most significant business legislation in Nigeria in […]
Copyright Over Computer-Genrated Works
Introduction Copyright refers to the legal right of the owner of an intellectual property. It gives the original creators of products and anyone authorized by them, the exclusive right to use and reproduce the work for a given amount of time. Works eligible for copyright include literary works, musical works, artistic works, cinematograph works, sound recording, and broadcasts.[1] The Copyright Act […]
The Demutualization Of The Nigerian Stock Exchange
Background Facts The Nigerian Stock Exchange (“NSE”), a company limited by guarantee (“Ltd/Gte”), recently announced the approval by its members of its decision to convert to a public company limited by shares (“PLC”).[1] To facilitate the conversion, the Demutualization of the Nigerian Stock Exchange Bill, 2017 (“the Demutualization Bill”) was signed into law on 29th […]
Legal Framework of Tourism in Nigeria
Introduction Nigeria is blessed with exotic cultures which have overtime become sources of tourist attractions. The richness and diversity of the Country’s cultural heritage, coupled with its beautiful landscapes makes tourism a potential economic driver and foreign exchange earner for the country. The fortune of Tourism in any socio-economic setting, like other sectors of the […]
Impacts Of The Lawful Interception Of Communications Regulations On VOIP Services
On 23 January 2019, the Nigerian Communications Commission (“NCC”) issued the Lawful Interception of Communications Regulations (“LICR”), which seek to provide a Regulatory framework for lawful interception of communications, collection and disclosure of intercepted communications in Nigeria. The aim of the LICR is to specify the nature and types of communications that can be intercepted […]
Directors’ Liability Insurance
Introduction The most distinctive characteristic of a company is its distinct legal personality and because it is an artificial person – a legal contraption, it cannot act by itself but only through its organs and agents. The organs include its members in General Meeting its Board of Directors its officers or agents that are appointed […]
