Nigeria: Compliance

Nigeria's cryptocurrency market has long operated in a legal grey area, but the enactment of the Investments and Securities Act 2025 marks a turning point. For the first time, digital and virtual assets are expressly recognised within the country's securities regulatory framework, bringing clarity to their legal status and placing qualifying activities under the supervision of the Securities and Exchange Commission.

Nigeria's National Identity Management Commission (Establishment) Act, 2026 introduces significant reforms to the country's identity management framework. This legal analysis examines the key provisions and their implications for data protection, privacy rights, and regulatory compliance in Nigeria's evolving digital identity landscape.

Nigeria's Revenue Service has issued comprehensive guidelines establishing a taxation framework for virtual assets, cryptocurrency exchanges, and blockchain enterprises.

Nigeria's open banking framework promises to transform digital lending through secure, consent-driven financial data sharing. As the phased rollout approaches mid-2026, lenders face both opportunity and obligation: faster credit decisions, better risk assessment, and new product possibilities, alongside stricter compliance requirements and infrastructure dependencies that will reshape competitive dynamics across the sector.

Religious leaders routinely receive sensitive personal disclosures during spiritual counselling, creating expectations of confidentiality rooted in faith traditions and pastoral trust. Yet the legal landscape presents a complex web of competing obligations, from safeguarding laws and mandatory reporting requirements to data protection regulations and criminal investigations. This analysis examines how clergy must balance their religious duty of confidentiality against evolving legal obligations that may com

Nigeria's maritime industry pursues ambitious reforms and blue economy development, yet overlooks a fundamental challenge that determines whether vessel acquisitions become successful businesses or costly failures. While stakeholders focus on financing and fleet expansion, the critical question of how ships remain commercially viable years after purchase demands urgent attention from investors, lenders, and policymakers alike.

The Nigeria Revenue Service has issued a compliance reminder to large taxpayers regarding mandatory e-invoicing requirements under the National E-Invoicing and Electronic Fiscal System regime. Large taxpayers must complete onboarding and begin compliant invoice transmission by 31 July 2026 or face potential regulatory enforcement measures. The notice follows the phased implementation timeline published in February 2026 for different taxpayer categories.

Dangote Petroleum Refinery's decision to price wholesale fuel in US dollars has sparked debate over legality, economic impact, and Nigeria's energy security. Is this move lawful under the CBN Act, will it drive pump prices higher, and what does it reveal about the country's fragile crude supply system?

Q2 2026 marked a pivotal period for Nigeria's health and pharmaceutical sector, as the government shifted from broad policy statements to concrete implementation measures. What do the new National Malaria Strategic Plan, emergency medical response initiatives, and digital pharmacy regulations mean for healthcare operators, investors, and service providers navigating this evolving regulatory landscape?