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LAW FIRMS AS TARGETS FOR HACKERS - RISKS AND THE WAY FORWARD
AELEX, November 2021

With the recent growth in technology, the storage of information online has become a common phenomenon. Though this method of storing information has proven to be very effective, the challenge of cyber breaches and data theft has also been on the rise. Interestingly, law firms have also become targets of cyber criminals that perpetrate these infractions...

THE REGULATION OF COURIER AND LOGISTIC COMPANIES IN NIGERIA
AELEX, August 2021

The Regulation of Courier and Logistic Companies in Nigeria. By Florence Bola-Balogun, Kelechi Mba & Oluwapelumi C. Omoniyi. Introduction The Minister of Communications and the Digital Economy, Dr Isa Ali Ibrahim Pantami (the “Minister”) in accordance with Section 62 of the Nigerian Postal Services Act, 2004 (“NIPOST Act”) approved the new guidelines for the regulation of the Courier and Logistics sector (“the Sector”) in Nigeria in July 2020[1]...

SHARING OF CONTENT THROUGH ONLINE PLATFORMS – CONSIDERING DIGITAL PIRACY IN NIGERIA
AELEX, August 2021

Sharing of content through online platforms – considering digital piracy in Nigeria By Davidson Oturu, Frances Obiago and Oluwatobi Oluwasanya   Introduction Like many industries around the world, the creative industry has undergone evolution; from the use of three dimensional (3D) printers to compact discs (CDs) to Digital Versatile Discs (DVDs), and since the late 90s, the internet...

SHARING OF CONTENT THROUGH ONLINE PLATFORMS – CONSIDERING DIGITAL PIRACY IN NIGERIA
AELEX, August 2021

Sharing of content through online platforms – considering digital piracy in Nigeria By Davidson Oturu, Frances Obiago and Oluwatobi Oluwasanya   Introduction Like many industries around the world, the creative industry has undergone evolution; from the use of three dimensional (3D) printers to compact discs (CDs) to Digital Versatile Discs (DVDs), and since the late 90s, the internet...

Regulation of Courier and Logistics Company in Nigeria
AELEX, August 2021

Regulation of Courier and Logistics Company in Nigeria - ?LEX Legal .avada-select-parent .select-arrow{background-color:#ffffff}...

SHARING OF CONTENT THROUGH ONLINE PLATFORMS
AELEX, August 2021

Like many industries around the world, the creative industry has undergone evolution; from the use of three dimensional (3D) printers to compact discs (CDs) to Digital Versatile Discs (DVDs), and since the late 90s, the internet. The impact of digital technology on the Nigerian copyright space cannot be over-emphasised...

Nigeria’s SEC Introduces Digital Sub-broker Regulations
AELEX, April 2021

ecently,companies that offer platforms for the purchase of shares in foreign companies (“investment tech” or “wealth tech”)to Nigerians have been in a tussle with the Securities and Exchange Commission, Nigeria (“SEC”) over their business activities...

Tech Start-Up Companies Toolkits
AELEX, April 2021

Tech Start-Up Companies Toolkits - ?LEX Legal .avada-select-parent .select-arrow{background-color:#ffffff}.select-arrow{background-color:#ffffff} Are you running a start-up or contemplating starting that business and you are uncertain on how to proceed? Do not fret as AELEX Fintech centre has compiled this start-up tool kit to guide you on setting up your business...

PROTECTION OF INTELLCTUAL PROPERTY RIGHTS IN NIGERIA BY FRANCHISORS
AELEX, March 2021

Franchising has become an increasingly popular business model. As such, it is necessary for franchisors to ensure that their businesses are adequately protected and their intellectual property rights (IPRs) are secured before a franchise is granted to a potential franchisee...

INTRODUCTION TO STABLECOIN: The Stable Cryptoasset
AELEX, March 2021

Stableoins are unique cryptocurrencies that peg their value to external resources such as fiat currency (central bank issued currencies), commodities and other cryptocurrencies. The AELEX FinTech Centre considers this crypto asset in an article written by our Davidson Oturu...

Understanding the Employer’s Entitlement to Liquidated Damages When there is Sectional Completion
AELEX, March 2021

Understanding the Employer's Entitlement to Liquidated Damages When there is Sectional Completion - ?LEX Legal .avada-select-parent .select-arrow{background-color:#ffffff}.select-arrow{background-color:#ffffff} It is common for parties in commercial construction projects to include sectional completion provisions in their contracts where they have agreed to complete works in sections or phases...

NITDA EXTENDS DEADLINE FOR FILING DATA PROTECTION AUDIT REPORTS
AELEX, March 2021

The National Information Technology Development Agency (NITDA) has extended the timeline for filing the 2021 data audit report from 15 March 2021 till 30 June 2021. In 2019, the National Information Technology and Development Agency (‘NITDA’) issued the Nigerian Data Protection Regulation (‘NDPR’)...

TECH COMPANIES AND FUND RAISING: The New Way of Going Public (Part 1)
AELEX, March 2021

  A NEW PATHWAY From Uber to Jumia and even older technology (tech) companies like Etranzact and Chams Plc, it is arguable that Initial Public Offerings (“IPOs”) have not offered great returns for tech companies in Nigeria and across the globe[1]. Investors are speculating on whether the great tech bubble is about to burst because, considering the cost of IPOs, tech companies have to scrutinise the expected returns when contemplating an IPO...

TECH COMPANIES AND FUND RAISING: The New Way of Going Public (Part 2)
AELEX, March 2021

Tech Companies and Fund Raising: The New Way of Going Public (Part 2) In the second part of our article, we focus on Spotify, a digital music service that utilised a direct listing to become a public company, the key steps they took that differed from a traditional IPO, and how the NSE can modify its current regulatory framework to include direct listings. Case Study: Spotify Technology S...

Regulatory Framework for Open Banking in Nigeria
AELEX, February 2021

The objective of open banking is to have a payments and markets infrastructure which provides customers with the ability to review all their banking and financial information seamlessly. Open banking will lead to a situation where regardless of how many accounts and financial products a customer has with multiple institutions, he can manage them from a centralised location without having to check out from one system to another...

DIASPORA REMITTANCES IN NIGERIA: EXAMINING THE NEW CBN POLICY
AELEX, January 2021

In December 2020, the Central Bank of Nigeria (“CBN”) issued series of circulars in furtherance of its new policy on diaspora remittances...

THE RIGHT TO BE LEFT ALONE EXAMINING THE IMPACT OF THE NIGERIA DATA PROTECTION REGULATION ON COLD MARKETING
AELEX, January 2021

The majority of people with a mobile phone or access to the internet have received unsolicited emails or calls from telemarketers (cold marketing). While the practice of cold marketing is decades-old, the recent awareness in data protection and privacy has affected this concept in recent times, particularly in relation to access to the data of consumers...

DIASPORA REMITTANCES IN NIGERIA
AELEX, December 2020

Over the past few weeks, the Central Bank of Nigeria (“CBN”) has issued circulars amending and clarifying the procedure for receipt of diaspora remittances (“the Circulars”) in Nigeria...

CATEGORISATION OF NIGERIAN PAYMENT SYSTEMS – WHAT IT MEANS FOR FINTECHS (2)
AELEX, December 2020

On 10th December 2020, the Central Bank of Nigeria (CBN) issued a circular on “New License Categorisations for the Nigerian Payments System”. The introduction of the policies highlighted in the circular may impact significantly on the fintech landscape in Nigeria as the CBN now clearly sets out the activities that can be carried out by fintechs that operate in the electronic payments system space in Nigeria...

AELEX POWER SECTOR GUIDE
AELEX, December 2020

AELEX POWER SECTOR GUIDE - % ?LEX Legal .avada-select-parent .select-arrow{background-color:#ffffff}.select-arrow{background-color:#ffffff} With the country proceeding to fundamentally restructure the industry to secure the supply of reliable, affordable and, ultimately, sustainable energy, the Nigerian government has introduced some new policies to curb some of these fundamental limitations...

Legal 500 Country Comparative Guides
AELEX, October 2020

AELEX is the exclusive contributor to the Nigerian Chapter of The Legal 500 (Legalease): Franchise and Licensing Country Comparative Guides. The country specific Guide provides a pragmatic overview of how businesses can set up franchises and also license their technology and intellectual property rights in Nigeria. The Guide was authored by our Davidson Oturu,Tiwalola Osazuwa and Kofoworola Oyegunle. Please click here to read the Guide...

Post-No-Debit Orders on the Accounts of Customers: Limitation to the Powers of Regulatory Agencies and Financial Institutions
AELEX, October 2020

INTRODUCTION There are several government agencies regulating various sectors of the Nigerian economy. Most of these regulatory agencies are creation of statutes which usually specify their functions, powers and general mode of operations. While some of these agencies are responsible for sensitising the citizens about government policies,[1]a good number are charged with the task of enforcing policies, programmes and laws enacted by the Government...

Regulation of Cryptocurrency and Digital Assets in Nigeria: New Beginnings
AELEX, October 2020

THE POSITION BEFORE THE SEC STATEMENT The Security and Exchange Commission of Nigeria (the “SEC” or the “Commission”) on 14 September 2020, released their Statement on Digital Assets and their Classification and Treatment (the “Statement”) pursuant to the powers conferred on it by the Investment and Securities Act 2007[1](“ISA”)...

Innovations Covered Under the Value Added Services (VAS) Licence Framework in Nigeria
AELEX, September 2020

INTRODUCTION Information Communication Technology (ICT) has, without a doubt, greatly impacted virtually every industry, and the communications industry is no exception. Services such as bulk short message service (SMS), online games, data services, telemarketing, text messages and media messages, all of which are often referred to as Value Added Services (“VAS”), now constitute a part of our daily lives...

Data Backup and Security Guidelines as Impact Mitigation Strategies in Light of the COVID-19 Pandemic
AELEX, July 2020

The COVID-19 pandemic hit the world in an unprecedented manner and, in just a few months, it has had such a profound impact on the world of work. As a result, physical office premises were shut down and many employees were forced to work from home with little or no security policy in place or a viable data backup and recovery plan...

 

 

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