Fintech

Legal And Regulatory Compliance In Nigeria’s Financial Technology Sector: Navigating Licensing, Consumer Protection, And Cybersecurity Obligations

Nigeria’s fintech sector is governed by an overlapping network of financial, consumer-protection, data-protection and cybersecurity rules. This article examines the licensing obligations that determine lawful market entry, the duties owed to digital-finance consumers, and the cybersecurity and privacy controls required of fintech operators. It argues that sustainable fintech regulation depends on integrating compliance into product design, governance and operational risk management rather than treating it as a post-launch regulatory exercise.

Digital Surveillance, Data Privacy, and Fundamental Rights in Nigeria

Nigeria’s expanding digital surveillance architecture, encompassing state security operations, biometric databases, fintech platforms and telecommunications infrastructure, has developed faster than the laws intended to regulate it. This article examines the constitutional and statutory framework governing digital surveillance and data privacy in Nigeria, identifies gaps in the NDPA and related legislation, and proposes a rights-centred regulatory framework founded on proportionality, judicial authorisation, effective institutional oversight and dedicated legislation for biometric data and communications interception.

Verified by MonsterInsights