Introduction Nigeria’s regulatory landscape for consumer protection continues to evolve as regulators seek to address the challenges arising from digital commerce, online platforms, electronic transactions, and other technology-driven services. In line with its consumer protection mandate, the Federal Competition and Consumer Protection…
Introduction The Central Bank of Nigeria (CBN) on the 1st day of June 2026 officially launched the Payment System Vision 2028 (PSV 2028), a strategic framework designed to guide the development of Nigeria’s payment ecosystem over the next several years.…
Introduction The COVID-19 pandemic did not create telemedicine in Nigeria, but it irrevocably accelerated its adoption. When hospitals were overwhelmed in April 2020, platforms like Helium Health, Reliance HMO, and DrConsult recorded significant surges in traffic as Nigerians sought consultations…
The CBN BVN Circular 2026 introduces key amendments to Nigeria’s BVN and Watch-List framework, including temporary watchlisting for suspicious transactions, age restrictions for BVN enrolment, limits on phone number changes, and tighter access to BVN data. This article examines the implications for fraud prevention, banking security, customer protection, and data privacy in Nigeria’s financial sector.
In 2025, a series of tax reform legislations were enacted in Nigeria, including the Nigerian Tax Administration Act 2025, the Nigerian Revenue Service (Establishment) Act 2025, the Joint Revenue Board (Establishment) Act 2025, and the Nigerian Tax Act 2025. These…
The Supreme Court has yet again delivered a landmark decision earlier this month on the 10th day of April 2026 in the case of NECONDE ENERGY LTD V. FBN QUEST MERCHANT BANK LIMITED & 4 ORS (SC/CV/48/2026). The decision has…
In a letter dated the 30th day of March 2026, the Central Bank of Nigeria (CBN) introduced the need for Banks and other financial institutions to deploy a Cyber Security Assessment Tool (CSAT). In recent times, the issue of cybersecurity…
The Advertising Regulatory Council of Nigeria (ARCON) (hereinafter “the Council”) has intensified the enforcement of its pre-vetting requirements for digital and online advertising. Recent enforcement actions include fines of up to ₦1 million per violation imposed on online businesses for…
The Central Bank of Nigeria (CBN), through its Payments System Policy Department, released a circular (hereinafter the ‘Circular’) on the 12th of March 2026 on additional functionalities for Instant Payment (IP) in Nigeria. In line with its mandate to promote…
The Nigerian Communications Commission (“the Commission” or NCC) has proposed a regulatory reform requiring telecommunications operators in Nigeria to provide a minimum of fourteen (14) days’ notice to subscribers before deactivating their SIM cards due to inactivity or post-paid account…
