Updates

Lagos State Lotteries and Gaming Authority Issues Notice of Compliance to Unlicensed Gaming Operators and their Facilitators

On 13th October 2026, the Lagos State Lotteries and Gaming Authority (“LSLGA”) issued a public notice on Gaming Licensing, Tax Compliance and Facilitation of Gaming Services through Telecommunications and VAS Platforms in Lagos State. By the public notice, the LSLGA notifies telecommunication operators, mobile network operators (MNOs), Value Added Service (VAS) aggregators and VAS providers facilitating lottery, betting and gaming activities in Lagos State that a license issued by the Nigerian Communications Commission (NCC) does not extend to the provision or facilitation of lottery, betting or gaming activities within the state.

Tinubu Signs Executive Order Coordinating Nigeria’s Virtual Asset Regulation

President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, to establish a coordinated oversight framework for Nigeria’s virtual assets industry. The Order which was made pursuant to section 5 of the Nigerian Constitution, 1999 (as amended) and which takes effect immediately, is a response to a regulatory landscape that had become fragmented across multiple agencies with overlaps and enforcement gaps that exposed Nigerians to fraud, money laundering and unchecked losses from unregulated operators.

How to Commercialise Your Intellectual Property While Maintaining Control

IP licensing is the grant of a right to use the intellectual property, usually for a fee, royalty or other consideration. It is one of the most commercially underutilised tools available to Nigerian businesses. A trademark, established through years of investment, can generate a continuous stream of licensing revenues from franchisees, distributors or commercial partners. Software developed for internal use can be licensed to third parties in related markets. A unique proprietary method or approach distinguishing a professional services firm can be packaged and licensed into other geographies.

The NITDA Digital Economy Policy Review 2026: What Every Nigerian Technology Business Should Know

The regulatory environment for Nigeria’s digital economy is on the cusp of its most significant shift in more than ten years. This article outlines the implications of the National Information Technology Development Agency (NITDA) 2026 policy review on businesses and the immediate steps required to achieve compliance. It is updated to incorporate recent legal and regulatory developments as of May 2026. In this article, we have discussed s the five (5) top priority areas within the NITDA 2026 policy review and how organisations should proceed immediately.

What You Should Know About CBN New Rules

On 7 April 2026, the Central Bank of Nigeria (CBN) announced the coming into effect of new rules on the Bank Verification Number (BVN) system from 1st May 2026. The new rules have been implemented to fight against fraud, enhance identity management and secure Nigeria’s growing digital banking space, resulting in new methods for account holders to manage and access information linked to their BVN.
The new policy came in the wake of numerous security concerns surrounding SIM swap fraud, identity theft and access to financial accounts without authorisation. With over 68.59 million users enrolled in the BVN system in 2026, the system plays a pivotal role in the security of the Nigerian financial sector.

NIPC, CAMA and Foreign Entry in Nigeria – The 2026 Compliance Checklist

There is no loan facility stronger than the security that underlies it. Any bank that doesn’t properly secure its assets is not a secured creditor. And a borrower that does not understand its perfection obligations might find that its representations to its lender were false. These are five security perfection mistakes we see often and every party involved in a Nigerian credit transaction needs to know about them.

Highlight of the Key Provisions of Executive Order No. 9

On 13 February 2026, the Nigerian President signed the Presidential Executive Order to Safeguard Federation Oil and Gas Revenues and Provide Regulatory Clarity, 2026 (“Executive Order No. 9 of 2026”), aimed at preventing revenue losses and unconstitutional deductions to ensure more funds are available for the federal, state, and local governments. The Executive Order restores the constitutional revenue entitlements that were altered by the enactment of the Petroleum Industry Act (PIA), 2021.

A Review of the NRS February 2026 Notice

On 3 February 2026, the Nigeria Revenue Service (NRS) issued an official notice clarifying the implementation and effective dates of the newly enacted tax laws, following public questions and debate regarding how and when the reforms would take effect. The notice provided guidance on the practical application of the 2025 Tax Reform Laws and reaffirmed the statutory commencement dates. For businesses and individuals, the clarification effectively signals the conclusion of the transition phase and it confirms that full compliance under the new tax regime is now expected.

The 2025 CBN Fintech Report: Shaping the Future of Fintech in Nigeria

The Central Bank of Nigeria (CBN) has released its inaugural fintech assessment report, detailing the strategic trajectory of the nation’s digital financial ecosystem. The data highlights a significant expansion in transaction infrastructure, with the Nigeria Inter-Bank Settlement System (NIBSS) processing approximately 11 billion transactions in 2024. This figure represents a 100% increase in volume compared to 2022, cementing Nigeria’s position as a global leader in real-time payments.

Expansion of Indirect Share Transfer Taxation in Nigeria

The Nigerian tax landscape has expanded to include stricter enforcement on offshore disposals of Nigerian assets.