Thought Leadership

FinTech Regulation in Nigeria: Too Much of a ‘Good Thing’?

Step in the Right Direction? Late last year, the Central Bank of Nigeria (CBN), in a bid to create a new regulatory and licensing regime for Payment System Banks (PSBs) in Nigeria issued the Guidelines for Licensing and Regulation…

Matters Arising from Renewal of Licenses for Oil Blocks in Nigeria

President Muhammadu Buhari, in his capacity as Nigeria’s substantive Minister of Petroleum Resources, has approved the renewal of some expired and expiring oil blocks licenses, from which the Department of Petroleum Resources (DPR) realised over $1–$2 Billion for…

Employers in Nigeria and the Ticking Time Bomb of the National Youth Service

As a preliminary remark and caution, I should mention that the submissions made in this article are strictly mine and stem from my interpretation of the relevant provisions of the extant law(s) on the subject…

What is wrong with the Nigerian Code of Corporate Governance 2018?

On Tuesday, 15 January 2019, the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo unveiled Nigerian Code of Corporate Governance 2018 (the “NCCG 2018“). Prof. Yemi Osinbajo SAN, while unveiling the NCCG 2018 in…

Demystifying The Income Tax (Transfer Pricing) Regulations 2018

The Federal Inland Revenue Service (FIRS) recently enacted the Income Tax (Transfer Pricing) Regulations 2018 (the ‘2018 Regulations’).[1] The 2018 Regulations, apart from being made in accordance with international best practices,[2] repeal the Income Tax…

Regulation of Artificial Intelligence: Taming the Big Elephant

Enough has been said repeatedly of the inevitability of technology, particularly, Artificial Intelligence (AI), disruptively usurping long established routine processes and digitally revolutionizing the means of getting things done. The revolution AI brings and its…