BY SEUN TIMI-KOLEOLU AND EBIKENIYE BEST DOWNLOAD PUBLICATION INTRODUCTION On the 27th day of February, 2024, the Federal Ministry of Interior issued the Expatriate Employment Levy (EEL) Handbook which requires companies with expatriate workers to pay a levy. This EEL is in addition to the already existing immigration requirements which we had earlier highlighted in […]
BY ADERONKE ALEX-ADEDIPE AND OLAWALE ATANDA DOWNLOAD PUBLICATION INTRODUCTION Upon the incorporation and commencement of business in Nigeria, companies are required to adhere to certain regulatory requirements. These regulatory requirements involve filing returns or remitting levies to bodies established by law. In this newsletter, we examine the various compliance obligations of companies doing business in […]
BY SEUN TIMI-KOLEOLU AND QASIM OGUNJIMI DOWNLOAD PUBLICATION INTRODUCTION On the 14th of February, in accordance with its mandate to ensure the genuine processing of personal data by legitimate persons or organizations, the Nigeria Data Protection Commission (the “Commission”) issued a guidance notice on Registering Data Controllers and Processors of Major Importance (the “Notice”). The […]
BY SEUN TIMI-KOLEOLU AND OLAWALE ATANDA DOWNLOAD PUBLICATION Introduction The Central Bank of Nigeria (CBN) on 31 January 2024 released its revised guidelines for international money transfer services in Nigeria. The revised guidelines (the “New Guidelines”) provides an updated framework for the licensing and operations of International Money Transfer Organizations (IMTOs) in Nigeria. According to […]
BY ADERONKE ALEX-ADEDIPE AND EBIKENIYE BEST DOWNLOAD PUBLICATION Introduction Generally, the government is primarily responsible for providing basic social amenities, public infrastructure and utilities to its citizenry. The ability to provide such needs is often impacted by financial constraints. The inability to fulfil these obligations as well as private sector contribution to public infrastructure development […]
Aderonke Alex-Adedipe and Olawale Atanda DOWNLOAD PUBLICATION Introduction The Nigeria Data Protection Commission (NDPC) recently issued a Guidance Notice (the“Notice”) on the filing of data protection Compliance Audit Returns (CARs) ahead of the next cycle for the filing of CARs in 2024. The Notice provides information and instructions for data controllers and data processors on […]
BY SEUN TIMI-KOLEOLU AND OLAWALE ATANDA. DOWNLOAD PUBLICATION Introduction In recent times, Nigeria has distinguished itself in the area of technology through skilled tech talent and homegrown innovative tech products and services. Artificial Intelligence (AI) is one essential technology that is gaining ground in the Nigerian technology landscape. The Nigerian government is investing in AI […]
BY ADERONKE ALEX ADEDIPE AND OLAWALE ATANDA DOWNLOAD PUBLICATION Introduction In the dynamic landscape of intellectual property (IP) law, licensing plays a pivotal role in enabling businesses to leverage their creations for commercial gain. There are several types of IP licensing such as technology licensing, trademark licensing, copyright licensing, and franchising. This article sheds light […]
IMPORTANT DATA PROTECTION OBLIGATIONS AND PRACTICES FOR COMPANIES IN NIGERIA BY SEUN TIMI-KOLEOLU AND OLAWALE ATANDA DOWNLOAD PUBLICATION INTRODUCTION In our previous newsletter, we highlighted the key provisions of the recently signed Nigeria Data Protection Act 2023 (NDPA 2023). Following the passage of the NDPA 2023, as well as the Nigeria Data Protection Regulation 2019, […]
By Aderonke Alex-Adedipe and Omonefe Irabor-Benson DOWNLOAD PUBLICATION In a global economy marred by financial crimes, money laundering, and terrorist financing activities, regulatory frameworks to curb illicit activities have become paramount. The Central Bank of Nigeria (CBN) has therefore recently introduced the Customer Due Diligence Regulations (the “Regulations”) 2023 to support Financial Institutions (FIs) in […]