Category NEWSLETTER

REGULATORY ALERT: FCCPC DRAFTS SALES PROMOTION (AMENDED) REGULATION, 2026 BRINGING DIGITAL, INFLUENCER AND AI-DRIVEN PROMOTIONS UNDER STATUTORY OVERSIGHT

Introduction  On 30th September 2026, the Federal Competition and Consumer Protection Commission (‘the Commission’ or ‘FCCPC’) published the Draft Sales Promotion (Amended) Regulation, 2026 (‘the Draft Regulation’) for stakeholder and public review. The Draft Regulation was issued pursuant to sections…

COMPLIANCE ALERT: INSURANCE COMPANIES AT RISK OF LICENCE REVOCATION OVER RECAPITALISATION NON-COMPLIANCE

Insurance Licence Revocation: NIIRA 2025 Compliance

Introduction   On the 31st of July 2025, the President assented to the enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 as the governing law for insurance practices and operations within the industry. The Act repeals several provisions and introduces a new Minimum Capital Requirement (MCR) and a Risk-Based Capital…