FCCPC REGISTRATION FOR DIGITAL LENDING COMPANIES The Federal Competition and Consumer Protection Commission (FCCPC) is the regulatory authority responsible for, among other things, the administration and enforcement of the Federal Competition and Consumer Protection Act 2018 (the Act).  Recently the FCCPC, NITDA (National Information Technology Development Agency) together with other federal agencies have been looking [...]

The Securities Exchange Commission (SEC) of Nigeria has recently released new rules regarding the issuance, exchange and custody of digital assets (i.e digital token that represents assets such as debt or equity claim on the issuer) in Nigeria. Digital assets here refer to all types of crypto assets. The rules shall apply to all issuers [...]

A Federal High Court sitting in Abuja, in a Ruling delivered by Justice Taiwo O. Taiwo on 18th October 2021, has held that the Central Bank of Nigeria circular, referenced as BSD/DIR/PUB/LAB/014/001 of February 5, 2021, is not a law and the CBN lacks the requisite authority to declare the trading of Cryptocurrency illegal by [...]

PROCEDURE FOR NIPC REGISTRATION IN NIGERIA Nigerian Investment Promotion Commission (NIPC) is a Federal Government Agency in Nigeria established by the NIPC Act 1995. The objective of the NIPC is to promote, coordinate and monitor investments in Nigeria. The commission initiates and supports the enhancement of the investment climate in Nigeria for both Nigerian and [...]