Balogun Harold - Leading Commercial &amp; Corporate Law Firm

Artificial Intelligence in Nigeria: Key Regulatory Considerations

A recent report by Google titled "Our Life With AI: From Innovation to Application" suggests that generative AI adoption in emerging markets is significantly higher than global averages. Within that context, we examine some regulatory touch points within the emerging legal framework for artificial intelligence services in Nigeria.

August 17, 2025

Are U.S. Foreign SaaS Corporations Regulated by Nigeria?

We think that the African SaaS market is already significantly larger than commonly cited figures suggest. While some sources estimate it at around $3.5 billion in 2023, we believe this substantially understates actual consumption.

August 16, 2025

Online Safety Act: Age Verification and Data Reuse

The risk of reuse of age verification data is conceivable

August 13, 2025

Online Trust & Safety in Nigeria: An Overview

In Nigeria, the regulatory landscape surrounding online trust and safety is anchored primarily in the Code of Practice for Interactive Computer Service Platforms & Internet Intermediaries (the “Code”). This framework defines the rules that digital platforms must follow, with specific obligations

August 5, 2025

Bank Corporate Client Acquisitions: Employment Law Considerations

If women were selected, incentivized, or subtly pressured to use charm or appearance to attract business, this may constitute constructive dismissal, if such women feel compelled to resign.

August 5, 2025

Explainer

Nigeria Data Privacy Law 2025: NDPA & GAID Guide

In March 2025, NDPC issued the General Application and Implementation Directive (GAID) 2025, an operational rulebook that consolidates how the Act applies in practice and introduces detailed rules

August 5, 2025

Lagos State Publishes List of Over 170 Illegal Estates

The Lagos State Ministry of Physical Planning and Urban Development has issued a formal public notice identifying more than 170 real estate developments in Ibeju-Lekki, Epe, Eti-Osa, and other areas as non-compliant estates ( the "Illegal Estates Notice")

August 4, 2025

New Online Lending Regulations in Nigeria by FCCPC

The FCCPC is saying, if you are a digital lender and your business or partnerships do not meet certain minimum standards, we would not let you start the business or enter/continue that partnership agreement. If you have already commenced business, we would stop you from continuing to do business, until you meet our standards. This is a very high bar and commendable.

August 4, 2025

Legal Update

Nigeria's Open Banking: Data Access Considerations

As Nigeria transitions to an Open Banking regime, we anticipate a wave of fintech innovation driven by secure and regulated access to customer data. While this access presents significant opportunities for product development, it is governed by strict regulatory safeguards. In this update, we outline key considerations for Fintechs seeking to responsibly and lawfully leverage open banking APIs to access customer data.

July 29, 2025

CBN's Open Banking Guidelines: Implications for Non-Bank Entities

It is often assumed that the CBN's Open Banking Guidelines are relevant only to banks and licensed fintech companies. However, a closer reading of the Open Banking Guidelines suggests that its application is significantly broader, extending to any company that shares or consumes financial data through APIs, regardless of sector.

July 27, 2025

Article

Data-Driven Pricing - Emerging Regulatory Issues

As digital commerce deepens across Nigeria, a new pricing strategy is emerging among online retailers, digital service providers, and fintech platforms—data-dri...

July 24, 2025

CBN Audits: Key Considerations for Fintechs & Microfinance Banks

A CBN audit is an on-site or off-site examination conducted by the Central Bank of Nigeria to assess a regulated financial institution’s compliance with applicable laws, regulations, guidelines, and prudential requirements

July 22, 2025

LASBCA “Request-for-Documents” Letters: Key Considerations

The Lagos State Building Control Agency (LASBCA) has begun mass-issuing “Request for Documents” notices to property owners in Lagos State.

July 17, 2025

Doing Business with the Nigerian Government: Key Considerations for Private Sector Players

From oil to infrastructure and digital regulation, Nigeria’s Federal Government sits at the center of the nation’s economic activity. For private investors, public partnerships can be transformative, but they’re also uniquely complex. This article distills practical lessons and legal insights for private companies seeking to engage the Nigerian Government effectively.

July 10, 2025

Evaluating Labour Guidelines and Cost Drivers in Nigeria's Oil & Gas Industry: A Review in Light of the Cost Efficiency Incentives Order, 2025

The recently issued Cost Efficiency Incentives Order, 2025 rightly identifies the need for efficiency in Nigeria's oil and gas sector. However, as we noted in o...

June 24, 2025

Article

Shell v. Minister of Petroleum Resources: Matters Arising

We offer an evaluation of the court’s reasoning in Shell v. Petroleum Development Company Ltd v. Minister of Petroleum Resources in light of constitutional and administrative law principles.

June 24, 2025

Nigeria-Morocco Gas Pipeline: Reflections on the WAGP Tariff Methodology

The Nigeria-Morocco Gas Pipeline (NMGP) represents one of Africa’s most ambitious cross-border infrastructure projects.

June 20, 2025

Lagos Carbon Exchange: Key Legal & Market Considerations

The Lagos Carbon Exchange introduces a credible local alternative

June 16, 2025

New Rules for Fintechs in the Electricity Sector

Third-Party Collection Service Providers (CSPs) are now required to obtain licensing and approval from the NERC

June 14, 2025