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Year: 2024

NBA launches a digital stamp and seal for law practice in the digital age.
Updates & Headlines September 7, 2024

NBA launches a digital stamp and seal for law practice in the digital age.

The NBA Digital Stamp and Seal is, reportedly, backed by blockchain technology, which has its benefits. It will secure the uniqueness of each member’s stamp and seal, the security of their information, and non-alteration or duplication.

Regulatory Update: NCC announces 14 September 2024 as final deadline for NIN-SIM linkage: What You Need to Know
Regulatory Compliance Updates & Headlines September 4, 2024

Regulatory Update: NCC announces 14 September 2024 as final deadline for NIN-SIM linkage: What You Need to Know

Following the introduction of the Nigeria Startup Act 2022 (NSA), the National Council for Digital Innovation and Entrepreneurship (Council) was eventually inaugurated in April 2023. But the effective implementation of the NSA has been a major concern. In this article, Gabriel Eze, associate at Infusion Lawyers, considers the imperatives for Nigeria’s startup ecosystem.

Regulatory Update: SEC’s Approval-in-Principle for ARIP Applicants
Blockchain Technology Policy & Regulations Regulatory Compliance September 2, 2024

Regulatory Update: SEC’s Approval-in-Principle for ARIP Applicants

Favour Uche, Associate On 29 August 2024, Nigeria’s Securities and Exchange Commission (SEC) announced the granting of “Approval-in-Principle” to two digital asset exchanges, Busha Digital Limited and Quidax Technologies Limited, under its Accelerated Regulatory Incubation Program (ARIP). The approval granted.. Read more

NDPC’s ₦555.8 Million Fine against Fidelity Bank over Alleged Data Privacy Violation: Insights and Lessons
Data Protection and Privacy Policy & Regulations Regulatory Compliance August 31, 2024

NDPC’s ₦555.8 Million Fine against Fidelity Bank over Alleged Data Privacy Violation: Insights and Lessons

The Nigeria Data Protection Commission (NDPC) has reportedly fined Fidelity Bank the sum of ₦555.8 million for data-privacy violations. In this piece, Pamela Victor-Ibitamuno, associate at Infusion Lawyers, shares insights and lessons for data controllers and data processors.

The National Council of Digital Innovation and Entrepreneurship: Imperatives for Nigeria’s Startup Ecosystem
Policy & Regulations Startups July 28, 2024

The National Council of Digital Innovation and Entrepreneurship: Imperatives for Nigeria’s Startup Ecosystem

Following the introduction of the Nigeria Startup Act 2022 (NSA), the National Council for Digital Innovation and Entrepreneurship (Council) was eventually inaugurated in April 2023. But the effective implementation of the NSA has been a major concern. In this article, Gabriel Eze, associate at Infusion Lawyers, considers the imperatives for Nigeria’s startup ecosystem.

A Comprehensive Guide on Digital Asset Exchanges in Nigeria: Registration and Operation under the Securities and Exchange Commission Rules
Blockchain Technology Policy & Regulations Regulatory Compliance April 9, 2024

A Comprehensive Guide on Digital Asset Exchanges in Nigeria: Registration and Operation under the Securities and Exchange Commission Rules

Favour Uche, Associate PDF version downloadable here.   1.0. Introduction The emerging virtual asset ecosystem, including cryptocurrencies and digital assets, has seen remarkable growth in adoption in Nigeria over the years, attracting regulatory attention. As the leading African country in.. Read more