Alliance Law Firm

CategoriesLegal

CBN calls for Expression of Interest to participate in its Regulatory Sandbox

In furtherance of the CBN’s objective to deepen financial inclusion in Nigeria, the apex financial regulator has invited innovators to submit their expression of interest to participate in its Regulatory Sandbox (the “Sandbox”) in accordance with its Framework for Regulatory Sandbox Operations before the 1st of February 2023. Application is via the link https://sandbox.cbn.gov.ng/ The […]

CategoriesLegal

Highlight of the Nigeria Start-up Act, 2022

*Samuel Ngwu, CIPP/E INTRODUCTION: On Thursday 19th of October, 2022, President Muhammadu Buhari signed the Nigeria Startup Bill into law, thus bringing Nigeria in the list of African countries with Startup laws. The Nigerian Startup Act, 2022 (the Act) defines the nature of startups in Nigeria, their scope, operations, incentives and limitations to attract foreign investors […]

CategoriesLegal

Between The National Information Technology Development Agency (NITDA) Public Advisory and Whatsapp Privacy Policy

On January 4, 2021, WhatsApp Messenger (“WhatsApp” or the “Company”), a cross-platform instant messaging application that allows smartphone users to exchange text, image, video and audio messages for free issued an update to its current privacy policy (the “Policy”) of July 20, 2020, to come into effect on February 8, 2021. The highlight of the Policy noted that […]

CategoriesLegal

Notice of Company Meetings under Nigerian Law

By the provisions of the Companies and Allied Matters Act 2020 (CAMA), the notice required for the calling of a company meeting (general meeting), either an Annual General Meeting or an Extraordinary General Meeting, is to be given to all persons who are entitled to attend such meeting. Persons entitled to the notice of a company […]

CategoriesLegal

To Deal Or Not To Deal: Legal Issues Arising From Recording Label Signings In Nigeria’s Entertainment Industry

The creative sector in Nigeria contributed approximately N239 billion (i.e. 2.3%) of its Gross Domestic Product (GDP) in 2016[1]. The Federal Government of Nigeria (FRN) has forecasted that through the instrument of its Economic Recovery and Growth Plan (ERGP), the creative industry would be able to contribute approximately $1Billion t

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