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.
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Updates & Headlines
September 7, 2024
NBA launches a digital stamp and seal for law practice in the digital age.
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.
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
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.
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.
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
Policy & Regulations
Regulatory Compliance
December 11, 2023
Disconnecting Switching Companies, PSSPs, Super Agents, and Others from NIBSS Instant Payment (NIP) Outward Transfer Platform
With immediate effect, Payment Solution Service Providers (PSSPs), Super Agents (SAs), Switching Companies (Switches), and others are to be disconnected from outward payments on the NIBSS Instant Payment (NIP) platform.
Updates & Headlines
December 7, 2023
Infusion Lawyers contributes to the maiden edition of the Nigerian Business Regulatory Review (NBRR)
Regulations play a critical role in sectoral growth and development. When stakeholders, including policymakers, regulators, and innovators, get regulations right, this positively impacts a country’s level of growth, development, and competitiveness. This is one of the reasons we are delighted.. Read more
Blockchain Technology
December 5, 2023
The Need for a Rights-Based Approach to Cryptocurrency Regulation in Nigeria
by Jude Ayua, Associate Download PDF version here. Introduction Cryptocurrency adoption in Nigeria by the private sector came with legal, social, and economic implications as the government attempted—sadly unsuccessfully—to regulate the industry. While the Central Bank of Nigeria (Central.. Read more
Blockchain Technology
Updates & Headlines
October 31, 2023
ACGAWARDS 2023: Infusion Lawyers awarded ‘Best Blockchain Legal Firm’
Infusion Lawyers has been awarded ‘Best Blockchain Legal Firm of the Year’ at the Africa Crypto Giant Awards (ACGAwards) 2023. The Nominees and the Winner The ‘Best Blockchain Legal Firm’ had 5 nominees, namely: A virtual celebration of excellence, ACGAwards.. Read more