Entrepreneurship has become the backbone of Nigeria’s economy. A 2023 Forbes Africa statistics report stated that the number of startups in Nigeria surpassed 3,360, ranking among the highest in Africa.[i] The report further states that thesestartups are responsible for a…
On November 7, 2025, the Nigeria Inter-Bank Settlement System (NIBSS) reported that Nigeria recorded its first successful transaction on the National Payment Stack (NPS), the country’s new real-time payment infrastructure powered by NIBSS.This landmark event, executed by PalmPay and Wema…
Nigeria’s payment system has experienced a significant shift from traditional cash-based exchanges to advanced digital platforms, mirroring global trends in financial technology adoption.[1] This progress is supported by the Central Bank of Nigeria’s regulatory framework, established under the Banks and…
INTRODUCTIONIn a move to modernize Nigeria’s Insurance landscape, President Bola Ahmed Tinubu signed the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law.The NIIRA 2025, assented to on August 5, 2025, repeals the Insurance Act, Cap. 117, Laws of the…
In a press release dated the 4 day of July 2025, Ghana’s Ministry of Energy and Green Transition announced the formal submission of the Declaration of Commerciality (DoC) for the Eban-Akoma oil and gas discoveries in the Cape Three Points…
INTRODUCTIONThe filing of a memorandum of appearance, though often regarded as a routine procedural step in Nigerian civil litigation, carries significant legal consequences for a party’s ability to raise jurisdictional objections. The nature of the appearance, whether conditional or unconditional,…
Nigeria has emerged as a leading hub of crypto-fintech innovation in Africa, driven by a tech-savvy youth population and economic instability. However, this growth has occurred amidst conflicting regulatory approaches, particularly between the Central Bank of Nigeria (CBN) and the…
In Nigeria, only executors or administrators who have obtainedProbate or letters of administration possess the legal capacity to sueor defend actions in a representative capacity on behalf of adeceased’s estate. However, for privies who often seek to defendproperty interests, this…
Where a Court lacks the requisite jurisdiction to entertain a suit, the proceedings are and remain a nullity however well conducted and brilliantly decided they might otherwise have been on grounds that a defect in competence is not intrinsic but…
