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Publication

WHO renames Indian, UK, South African and Brazilian COVID 19 Variants.

The World Health Organization has announced its plans to simplify the way the public talks about the growing variants of the coronavirus by assigning easier-to-use language to each new mutation of the virus.[1] Under WHO’s new naming system, the names of the new variants of SARS-CoV-2, the virus that causes COVID-19, are simplified from confusing […]

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A Start-up Act for Nigeria: Necessity or Superfluous?

It is an undeniable fact that the acquisition of Paystack by Stripe being the first-ever start-up out of Nigeria to get into the Y Combinator accelerator program and the deal in which Flutterwave secured $170 million from a leading group of international investors as part of a successful Series C round, underscores two interesting points. 

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The SEC Press Release on Cryptocurrencies

The Securities and Exchange Commission (“SEC”) has through a Press Release dated 11 February 2021, clarified its earlier statement on the Classification of Cryptocurrencies in line with the Central Bank of Nigeria’s (“CBN”) ban on trading in these digital assets. CBN had through a circular dated February 5, 2021 prohibited dealing in cryptocurrencies or facilitating

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Advancing the Fintech Sector through Funding and Strategic Partnerships

Banking in Nigeria remains a lucrative sector, notwithstanding the high level of competition. A vast majority of consumers are underserved, thus creating a gap in the market. Lack of access to services, especially in rural areas, and poor user experience contribute to the wide gap in the financial services sector across the consumer spectrum. This

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The Securities and Exchange Commission (SEC) Statement on the Classification and Treatment of Digital Assets

  The Securities and Exchange Commission (“SEC” or “the Commission”) issued an official statement (“the Statement”) on 14 September 2020 on the classification and treatment of Digital Assets (crypto assets such as crypto currencies and tokens). The Statement which communicated SEC’s position, stated that crypto assets are securities which fall under the regulatory ambit of

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The Impact of COVID-19 on drafting Commercial Agreements

Introduction Coronavirus disease 2019 (COVID-19) has since been declared a global health emergency of international concern and has occasioned severe global socioeconomic disruption. As a consequence of this unprecedented disruption, the ability to do business and perform contractual obligations have been adversely affected. Given the fact that parties to commercial agreements have been foisted with

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