Entries by Pavestones Legal

Regulatory Update: 2025 Guidelines for Insurtech Operations in Nigeria – Navigating Compliance

Seun Timi-Koleolu and Eniola Sogbesan Introduction In furtherance of its regulatory powers, the National Insurance Commission (the “Commission”) in its circular dated July 30, 2025 issued the Guidelines for Insurtech Operations in Nigeria 2025 (the “Guidelines”). The Guidelines provide a comprehensive regulatory framework for the safe, responsible, and efficient deployment of Insurtech solutions by licensed […]

NAVIGATING NIGERIA’S GAMING LAWS: THE START OF A NEW CHAPTER

BY ADERONKE ALEX-ADEDIPE AND OMODELE FATODU INTRODUCTION On 22 November 2024, the Supreme Court of Nigeria delivered a significant judgment in Attorney-General of Lagos State & Ors v. Attorney-General of the Federation & Ors (SC/1/2008), which effectively curtailed the application of the National Lottery Act 2005 to the Federal Capital Territory alone. The apex court […]

TELEMEDICINE PRACTICE IN NIGERIA: NAVIGATING COMPLIANCE, DATA PROTECTION AND LICENSING

BY SEUN TIMI-KOLEOLU AND MARK IMONITIE Introduction Telemedicine refers to the delivery of healthcare services such as diagnosis, treatment, and prevention remotely with the use of Information and Telecommunication Technology. The wide acceptance and adoption of telemedicine in global healthcare was accelerated by the COVID-19 pandemic. Additional factors contributing to the growth of telemedicine include […]

REVIEW OF THE LICENSING FRAMEWORK FOR INTERNATIONAL APPLICATION-TO-PERSON MESSAGING IN NIGERIA (“FRAMEWORK”)

BY ADERONKE ALEX-ADEDIPE AND HILLARY OKOROTIE Introduction On July 8th, 2025, the Nigerian Communications Commission (NCC) published a regulatory framework for licensing international Application to Person (A2P) messaging services in Nigeria. In this newsletter, we highlight some of the salient provisions of the Framework and their impact on the telecommunication sector including the eligibility criteria, […]

Project Finance in Nigeria: Key Legal Considerations for Lenders

BY SEUN TIMI-KOLEOLU AND PROMISE ITAH INTRODUCTION Nigeria faces a significant infrastructure gap across various sectors such as power, transportation, and energy. It is estimated that the country will require over $3 billion annually for the next 30 years to effectively close this gap and meet development goals. Given the limitations of public funding, project […]

TAX ADMINISTRATION IN NIGERIA – A REVIEW OF THE 2025 NIGERIAN TAX REFORM LAWS

ADERONKE ALEX-ADEDIPE AND ENIOLA SOGBESAN INTRODUCTION In furtherance of improving revenue generation and making Nigeria more investor friendly,  the Nigerian President, on June 26 2025, signed into law four tax bills passed by the National Assembly. These include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the […]

IMPACT OF THE INVESTMENT & SECURITIES ACT (2025) ON OWNERSHIP AND USE OF VIRTUAL ASSETS IN NIGERIA

Aderonke Alex-Adedipe and Mark Imonitie Introduction The Investment and Securities Act (ISA) 2025 was enacted on March 31, 2025 by President Bola Ahmed Tinubu to replace the previous ISA, updating the law with provisions impacting emerging trends, global standards and recent developments in the Nigerian Capital Market. In particular, the introduction of these provisions and […]

ANTI-MONEY LAUNDERING REGULATION IN NIGERIA – CBN EXPOSURE DRAFT ON STANDARDS FOR AUTOMATED ANTI-MONEY LAUNDERING (AML) SOLUTIONS

BY SEUN TIMI-KOLEOLU AND ENIOLA SOGBESAN Introduction The fight against money laundering and terrorist financing remains a critical priority for global financial systems. As financial transactions have become increasingly digitized, the importance of robust and automated Anti-Money Laundering (AML) solutions have become imperative.  To this end, the Central Bank of Nigeria (CBN) in pursuance of […]