Category: Publications

The Banking and Financial Services Act (BFSA), 1994, gives the Bank of Zambia the authority to license, regulate and supervise banks and other financial institutions registered under the referred Act. There are mainly two categories of non-bank financial institutions: Deposit Financial Institution: These institutions are …

The Central Bank of Nigeria (“CBN”) has released new directives that will fundamentally reshape how Point of Sale (“PoS”) agents and payment providers operate across the country. The regulator is moving to tighten oversight by mandating the geo-tagging of all POS terminals, restricting their use …

Introduction Tenancy disputes are some of the most common property disputes in Nigeria. They also rank amongst the most litigated matters in Nigeria. As in other transactions, where parties freely determine their rights and obligations, parties to a tenancy agreement, though free to negotiate the …

Introduction In a landmark effort to sanitize Nigeria’s rapidly expanding digital lending ecosystem, the Federal Competition and Consumer Protection Commission (“FCCPC”) has, pursuant to its powers under sections 17, 18 and 163 of the Federal Competition and Consumer Protection Act 2018 (“FCCP Act”), introduced the …

The sale of motor vehicles (Motor cars, Vans, Jeeps, Tractors, Lorries, Bulldozers, Tippers, Trailers buses, Mopeds, Motorcycles) and their spare parts is a lucrative business in Nigeria. Given that motor vehicles are essential, serving nearly everyone directly or indirectly, regulation of this sector is crucial. …

Introduction The gap created by underbanked communities has allowed digital lenders to rise in Nigeria and other parts of Africa. The difficulty of obtaining loans from commercial banks has forced the need to bypass traditional lending infrastructure and encouraged the growth of digital lenders. Digital …

Introduction The Nigerian judiciary, as the custodian of justice and the rule of law, is constitutionally empowered to ensure that justice is administered fairly, impartially, and within a reasonable timeframe. Although there are other means of alternative dispute resolution (ADR) but the court system remains …

INTRODUCTION The telecommunication industry is rapidly reaching a new level of advancement due to the world’s evolving technology. We now have a variety of advanced solutions to keep our devices connected to the internet which Mobile Virtual Network Operator (MVNO) is one of them. A …

Introduction Under Nigerian law, employers have several inherent powers, including power to discipline employees in deserving circumstances. One of such disciplinary powers is the power to suspend employees. The inherent power of employer to suspend an employee pending investigation of an alleged misconduct or as …

Introduction It is important for founders or promoters of business to understand their rights and obligations in relation to their proposed business, particularly under shareholders’ agreements, joint venture agreements, memorandum of understanding and other pre-incorporation contracts. Pre-incorporation contracts are any agreements entered into by proposed …