Legal Updates
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SEC proposes licensing for online forex and CFD brokers, including offshore firms targeting Nigerians
Draft rules set capital of ₦2bn to ₦5bn for brokers and platform providers and a 30% minimum Nigerian…
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FCCPC digital lending regulations push lenders away from nano loans
Lenders report a shift to structured instalment and business loans as the Commission enforces rules against abusive recovery…
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NCC sets 6 October deadline to onboard device stock onto Device Management System
Importers and manufacturers say the timeline is tight and question the appeal process for devices flagged for damaged…
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Court of Appeal restores Presco’s AGM resolutions and ₦237bn rights issue
The Benin division set aside a Federal High Court ruling and discharged all interlocutory orders affecting the company’s…
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After the recapitalisation deadline, NAICOM turns to enforcement and service standards
Nigeria Re and Universal Insurance lost their licences; the regulator now says capital must translate into underwriting capacity…
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Federal circular makes permanent secretaries personally responsible for data protection compliance
MDAs must appoint and register data protection officers, budget for compliance and file annual audit returns by 31…
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Supreme Court: drilling rigs are not ‘vessels’ under the Cabotage Act
In Noble Drilling v NIMASA the court held that a rig that floats or can be towed is…
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NEPZA announces tougher enforcement against illegal container imports into free trade zones
Inspections, documentation checks and penalties will intensify after Customs suspended transfers from Tinapa FTZ over violations.
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NMDPRA sets September 2028 target for a fully negotiated domestic gas market
The regulator will use eight criteria to decide when to lift price controls under section 167 of the…
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Petrichor enforces English judgment in Nigeria against Rahamaniyya chairman in US$40m fuel debt
The Federal High Court registered the London Commercial Court judgment and issued writs of attachment; a worldwide freezing…
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