Entries by Pavestones Legal

Strengthening Investor Protection in Nigeria: The SEC’s Role in Mitigating Ponzi Schemes under the ISA, 2025

May 30, 2025 in /by

BY ADERONKE ALEX-ADEDIPE EBIKENIYE BEST Introduction Nigeria has experienced a significant increase in Ponzi schemes and related investment activities, which often exploit vulnerable segments of the population with promises of extremely high and risk-free returns. These deceptive schemes have led to substantial financial losses, eroded investor confidence, and hindered the development of a strong investment […]

TAX BREAKS & MORE: WHAT THE NIGERIAN STARTUP ACT OFFERS

May 16, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND OMODELE FATODU Introduction The Nigerian Startup Act 2022 (NSA) is a significant piece of legislation, designed to foster innovation, attract investment, and create a favourable business climate for tech-enabled startups in Nigeria. It aims to position Nigeria as a leading hub for digital entrepreneurship in Africa by removing regulatory barriers and […]

Nigerian Immigration Update: Major Reforms in Expatriate Administration and Visa Regime

May 9, 2025 in /by

SEUN TIMI-KOLEOLU AND PROMISE ITAH INTRODUCTION On 1st May 2025, the Federal Government of Nigeria, through the Ministry of Interior and the Nigeria Immigration Service (NIS), launched sweeping reforms to the country’s expatriate administration and visa regime. These measures aim to curb abuse of expatriate quotas (EQ), enforce meaningful knowledge transfer, and streamline immigration processes […]

WHAT IS NEW IN NIGERIA’S MERGERS AND ACQUISITION LANDSCAPE? A REVIEW OF REGULATORY SHIFT.

May 2, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND HILLARY OKOROTIE The regulatory framework governing mergers and acquisitions in Nigeria has experienced a notable shift with the enactment of the Investments and Securities Act 2025 (the “Act”). While the Federal Competition and Consumer Protection Commission (FCCPC) continues to be the primary regulator overseeing all mergers and acquisitions in Nigeria, the […]

BANKING AND FINANCE IN NIGERIA: THE REGULATORY FRAMEWORK AT A GLANCE

April 25, 2025 in /by

SEUN TIMI-KOLEOLU AND EBIKENIYE BEST   In Nigeria, the importance of a well-regulated banking system cannot be overstated, especially in light of the sector’s influence on economic growth, investor confidence and public trust. To achieve this, a robust regulatory framework has been established, one that combines statutory legislation, institutional oversight and evolving policy guidelines to […]

Financing Technology Infrastructure Projects in Nigeria: Legal and Regulatory Considerations

April 18, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND PROMISE ITAH Technology infrastructure is the backbone of digital transformation and economic advancement. In Nigeria, there is a rapidly growing demand for robust infrastructure—such as broadband networks, data centers, cloud platforms, and smart grids. Financing these projects could however present distinct challenges and opportunities to developers and project sponsors. In this […]

Investment and Securities Act 2025 – The New Era of Securities Exchanges

April 11, 2025 in /by

BY SEUN TIMI-KOLEOLU AND OLAWALE ATANDA Investment and Securities Act 2025 – Securities Exchanges Introduction The Investment and Securities Act, 2025 (ISA 2025) represents a significant regulatory development, particularly for those operating in and around digital asset markets including Fintech. In our previous newsletter*, we highlighted the important changes made to the capital market by […]

STAYING INFORMED, STAYING AHEAD: A REVIEW OF THE INVESTMENTS AND SECURITIES ACT 2024

April 4, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND HILLARY OKOROTIE Introduction On March 29, 2025, President Bola Ahmed Tinubu, signed into law the Investment and Securities Act (the “Act”) 2024, repealing the Investment and Securities Act(“ISA”)of 2007. The Act introduces significant changes to the Nigerian capital market which aims to expand the regulatory oversight of the Securities and Exchange […]

Compliance in Nigeria: Data Protection Directives for Businesses

March 28, 2025 in /by

BY SEUN TIMI-KOLEOLU AND EBIKENIYE BEST Introduction As businesses in Nigeria increasingly leverage technology including social media platforms such as LinkedIn, Instagram, and Medium; and Emerging Technologies including Artificial Intelligence to expand their customer reach both locally and internationally, such businesses must adhere to Data Protection provisions in Nigeria. In view of the foregoing, it […]

INFLUENCER AND DIGITAL MARKETING REGULATION IN NIGERIA

March 21, 2025 in /by

BY ADERONKE ALEX-ADEDIPE AND PROMISE ITAH INFLUENCER AND DIGITAL MARKETING REGULATION IN NIGERIA Introduction As businesses continue to explore innovative ways to engage their target audience, influencer marketing and digital advertising (ads) have become increasingly popular. This marketing strategy presents significant opportunities for businesses and influencers alike. It is however essential for all parties involved […]