Nigeria: Technology

Nigeria's legal framework now places cybersecurity accountability directly on company boards and executives, with the Cybercrimes Act, Nigeria Data Protection Act 2023, and CAMA creating potential personal liability for directors where failures stem from inadequate oversight. This analysis examines how regulatory requirements converge to make cybersecurity a governance imperative rather than merely an IT concern. The publication explores practical steps boards must take to embed cybersecurity into risk mana

Nigeria's digital economy is scaling rapidly, with data centres and cloud infrastructure emerging as core enablers of growth. Rising connectivity, AI adoption, and digital service delivery are driving sustained demand...

In the last decade, Nigeria’s financial technology (FinTech) sector has grown exponentially, serving as a key driver of financial inclusion and transforming how millions access financial services.

Nigeria's legal framework now places cybersecurity accountability directly on company boards and executives, with the Cybercrimes Act, Nigeria Data Protection Act 2023, and CAMA creating potential personal liability for directors where failures stem from inadequate oversight. This analysis examines how regulatory requirements converge to make cybersecurity a governance imperative rather than merely an IT concern. The publication explores practical steps boards must take to embed cybersecurity into risk mana

Nigeria's digital health sector is growing rapidly as founders, investors and healthcare providers leverage technology to improve access, efficiency and patient engagement.

The issue is not that Nigerians are inherently poor borrowers. Rather, the difficulty lies in how creditworthiness has traditionally been assessed.

Kenya and Nigeria are formalizing their digital asset markets through Virtual Asset Service Provider (VASP) licensing frameworks. While both countries require regulatory approval for crypto operations, their licensing categories, capital requirements, and compliance expectations differ significantly. Understanding these distinctions is essential for fintech founders and financial institutions seeking to enter or expand in these African markets.

The issue is not that Nigerians are inherently poor borrowers. Rather, the difficulty lies in how creditworthiness has traditionally been assessed.

On 31st March 2026, the Central Bank of Nigeria ("CBN") issued a press release announcing the commencement of an AML/CFT/CPF Supervision Pilot Scheme (the "Pilot Scheme") for a select group...