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Olaniwun Ajayi

Overview of Nigeria’s Draft National Artificial Intelligence Strategy 2024

Artificial intelligence (AI) is rapidly evolving, playing a crucial role in driving economic growth and addressing various societal challenges, amongst many others. In recognition of the rapid evolution and potential of AI, the Federal Ministry of Communication, Innovatio..

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Olaniwun Ajayi

CBN (Customer Due Diligence) Regulations 2023: Overview and Potential Implications

On 20 June 2023, the Central Bank of Nigeria (CBN) issued the CBN (Customer Due Diligence) Regulation 2023 (the CDD Regulations). This regulatory initiative is aimed at assisting financial institutions to comply with customer due diligence measures, required by exis..

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Olaniwun Ajayi

Nigeria’s New Arbitration and Mediation Act 2023 – A Competitive Edge To Arbitration In Nigeria

A new national arbitration law, the Arbitration and Mediation Act, 2023 (the AMA), came into force in Nigeria on 26 May 2023, replacing the Arbitration and Conciliation Act (the ACA) that had remained unchanged for over three decades. Here are some notable features of the..

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Olaniwun Ajayi

9 Nuggets from the New Copyright Act

On the 17th of March 2023, the President of the Federal Republic of Nigeria signed the copyright bill into law, as projected in our 2022 IP Wrap-up and 2023 Forward publication. This assent marks the end of the 35-year-old tenure of the old Copyright Act and signals..

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Olaniwun Ajayi

NNPC Limited: Understanding the Hybrid Identity of Nigeria’s National Oil Company

With the historic passage of the Petroleum Industry Act, 2021 (the PIA) there has been an overhaul of the legal and regulatory landscape of the Nigerian oil and gas industry, extending to the establishment of key institutions as regulators of technical and commercial acti..

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Olaniwun Ajayi

Trademarks and cultural appropriation: what is really unprotectable?

It is the age of the Internet of things and the growth of the modern economy is increasingly hinged on intangible assets. This is more apparent considering the sweeping impact that the fourth industrial revolution driven largely by Artificial Intelligence (“AI”) is alread..

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