Nigeria’s FX landscape is evolving, and understanding these reforms is essential for businesses, investors, and organisations navigating cross-border transactions. We break down the shift to a unified, market-driven exchange-rate system, the introduction of the new FX Code, and what these changes mean for transparency, liquidity, and regulatory compliance
Your Business Must Provide a Privacy Policy That Is Transparent and Easy for People to Understand Under The NDPA. The Nigeria Data Protection Commission (NDPC) has released the General Application and Implementation Directive (GAID) 2025 to guide the implementation of the Nigeria Data Protection Act (NDPA) 2023. This directive focuses on international data transfers, clarifying that data controllers must ensure adequate protection or use approved mechanisms like binding corporate rules before transferring personal data outside Nigeria. It also establishes procedural expectations for maintaining records of transfer mechanisms and responding to NDPC compliance requests
Every tech startup is built on more than an idea, it’s built on intellectual assets that deserve proper protection. From your codebase to your interface designs, platform name, product architecture, and even your pitch materials, each piece contributes to the value and defensibility of your innovation. Many Nigerian founders are surprised to learn how much of their technology qualifies as protectable IP, and how these rights can strengthen investor confidence, boost valuation, and safeguard long-term growth.
Digital payment platforms are at the centre of Nigeria’s evolving financial ecosystem. Whether your business operates a digital wallet, agency banking service, merchant-acquiring model, virtual payment gateway, switching infrastructure, or any combination of these, you are expected to comply with standards issued by the Central Bank of Nigeria (CBN)
Electronic signatures are fully recognised under Nigerian law. The Evidence Act 2011 supports their use in place of handwritten signatures; the Cybercrimes Act 2015 also affirms their validity for a wide range of transactions including commercial contracts, digital forms and online purchases. While many agreements can be concluded electronically, certain documents, such as wills, some family-law instruments and select court filings, may still require traditional execution.
Founders often expose their ideas without realising it; sharing concepts without NDAs; relying only on CAC registration; using unregistered brand assets; or failing to document ownership with designers; freelancers or developers. Understanding how IP works is essential to preventing avoidable disputes; strengthening founder control; and protecting long term value in Nigeria’s fast growing startup ecosystem.