Regulatory Update: Designation of the Nigerian Copyright Commission as a Relevant Organisation under the Proceeds of Crime (Recovery and Management) Act 2022
On 7 February 2025, the Nigerian Copyright Commission (“NCC”) was designated as a Relevant Organisation under the Proceeds of Crime (Recovery and Management) Act, 2022 (“Act”), by the Proceeds of Crime (Designation of Nigerian Copyright Commission as a Relevant Organisation) Order 2025 (“Order”). What’s New The Act provides a legal framework for the recovery and […]
Client Update: CBN Invites Stakeholders’ Feedback on the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions
On May 20, 2025, the Central Bank of Nigeria (CBN) published the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions (the “Exposure Draft” / “Proposed Baseline Standards”). The Exposure Draft was developed in recognition of the rapid pace of technological advancement in the financial sector and the increasing use of innovative […]
Client Update: CBN Reviews Documentation Requirements for PAPSS Transactions in Nigeria
The Pan-African Payment and Settlement System (PAPSS), launched in January 2024, is a centralized payment infrastructure designed to facilitate faster and more cost-effective cross-border trade transactions in local African currencies. It was adopted as a key mechanism to support the implementation of the African Continental Free Trade Area (AfCFTA). Following the successful completion of Africa’s […]
Accelerating SaaS Sales through Contract Optimization
The typical Software as a Service (SaaS) Company is fast-paced and driving sales is not just about innovative products and aggressive marketing; it’s also about optimizing the legal framework on which business relationships are formed. Contracts are the backbone of commercial transactions, and optimizing them can significantly enhance sales performance, avoid future disputes, and minimize […]
The Would-be Impact of the SEC-NECA Partnership on the Nigerian Capital Market
Did you know that there is a partnership between SEC and NECA? In 2021, the Securities and Exchange Commission (SEC) partnered with the Nigeria Employers’ Consultative Association (NECA) to strengthen the Nigerian Capital Market. This collaboration aims to encourage businesses to approach the capital market for funding. This partnership has had a major impact on […]
