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Pavestones

Tax Regulations in Nigeria: Understanding the Impact of Recent Reforms

There is a current shift in the tax administration system in Nigeria which is observed in the promulgation and reform of existing regulations in recent months. Some of these reforms are aimed at enhancing revenue generation, improving compliance, and boosting economic gro..

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Pavestones

Regulatory Update: The Nigeria Foreign Exchange (FX) Code

In light of ongoing challenges in the Nigerian foreign exchange market, including recent distortions driven by speculators and illicit traders, the need for a robust regulatory framework has become increasingly urgent. In view of this, the Central Bank of Nigeria has intr..

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Pavestones

Harnessing Digitisation to Enhance Trade in Africa - A Review of the African Continental Free Trade Area Protocol on Digital Trade

The effect of digitization over the last decade has been widespread, and cuts across various aspects of daily life and by implication, the global economy. This has resulted in digital trade and e-commerce, which has greatly influenced and changed the concept of trade in m..

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Pavestones

Data Protection in Nigeria: Lessons From the Meta vs FCCPC Matter

Meta Platforms Inc. and Whatsapp LLC, together referred to as Meta, have come under the spotlight of the Federal Competition and Consumer Protection (the FCCCP). An investigation was launched by the FCCPC into Meta’s practices relating to user data privacy and competition..

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Pavestones

Transforming Nigeria's Digital Landscape: Review of the National Digital Economy and e-Governance Bill, 2024

The National Digital Economy and E-Governance Bill, 2024, represents a strategic move in Nigeria’s digital transformation journey. Primarily, the Bill aims to drive economic growth through digital technology, improve public service delivery, and create a competitive envir..

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Pavestones

Data Protection in Nigeria - Draft General Application and Implementation Directive

In a bid to further tighten the nuts and bolts of data protection in Nigeria, the Nigeria Data Protection Commission published on May 31, 2024, a draft General Application and Implementation Directive which is to guide the interpretation and implementation of the provisio..

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Regulation of cybercrime in Nigeria and the Cybersecurity Levy

On May 6, 2024, the Central Bank of Nigeria published a circular providing “Implementation Guidance on the Collection and Remittance of the National Cybersecurity Levy” introduced by the Cybercrime (Prohibition, Prevention, etc.) Act of 2015 and amended by the Cybercrime ..

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Pavestones

Regulatory update: Guidance Notice on Registering Data Controllers and Processors of Major Importance

On the 14th of February, in accordance with its mandate to ensure the genuine processing of personal data by legitimate persons or organizations, the Nigeria Data Protection Commission issued a guidance notice on Registering Data Controllers and Processors of Major Import..

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Guidance on Filing of Data Protection Compliance Audit Returns in Nigeria

The Nigeria Data Protection Commission (NDPC) recently issued a Guidance Notice (the“Notice”) on the filing of data protection Compliance Audit Returns (CARs) ahead of the next cycle for the filing of CARs in 2024. The Notice provides information and instructions for data..

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