By: Kenechi Ezezika and Chiagozie Onovo
Nigeria’s Digital Asset Ecosystem: Key Players, Roles, & Regulatory Relationships
Nigeria’s digital-asset market is no longer operating at the edge of the financial system. It is becoming a regulated ecosystem in which securities, banking, taxation and financial-intelligence authorities exercise distinct but overlapping responsibilities. The scale helps explain the policy shift. Chainalysis reports that Nigeria received more than US$92.1 billion in on-chain value between July 2024 and June 2025, almost three times the value received by South Africa.
This article explains who the principal players are, what each one does and how their mandates fit together. It reflects the regulatory position as at September 2026
By: Chukwubuike Onwuzurumba Nnaeto & Toluwani Oyedemi
The Good in Services – Digital Free Zones in Nigeria as an economic tool
The idea of reduced barriers to international trade is growing, with national and regional governments increasingly inclining towards policies that promote free trade. The benefits of cross border exchange of goods and services to a domestic economy are proven by foreign exchange earnings, local job creation and skills development. Special economic zones (“SEZs”) or free trade zones were created to attract businesses and foreign direct investment through fiscal incentives and compliance-friendly and less cumbersome regulations.
By: OAKE Legal
Partial activation of contracts in the Nigerian Electricity Supply Industry
The Nigerian Electricity Regulatory
Commission (the “Commission” or “NERC”)
has commenced the process to end the hitherto
so-called “energy-only” or “best endeavour”
power supply arrangement associated with most
of the on-grid power generation companies
(“GenCos”) in the Nigerian Electricity Supply
Industry (“NESI”).
By: OAKE Legal
The position of the Nigerian Courts on termination of employment Part II
In this second part of this article, we shall examine the courts’ position on reason and motive for termination, reinstatement, and suspension of employment.
By: OAKE Legal
The position of the Nigerian Courts on termination of employment Part I
The question on the lawful procedure for the termination of employment contracts is a question
that has been presented before the courts over the years. Different jurists have posited different
views on the subject.
By: Toluwani Oyedemi & Ufuoma Bakporhe
CAMA and the Business Facilitation Act 2023
In 2016, President Muhammadu Buhari (the “President”) inaugurated the Presidential Enabling Business Environment Council (“PEBEC”) with the aim to actively “remove bureaucratic constraints to doing business in Nigeria, and make the country a progressively easier place to start and grow a business”.