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Regulatory

Overview

Navigating Nigeria’s Most Complex Regulatory Challenges. Delivering Certainty in Uncertainty.

Aluko & Oyebode’s Regulatory practice is Nigeria’s most comprehensive advisory on sectoral regulation, licensing, compliance, and regulatory engagement. We advise across telecommunications, financial services, energy, healthcare, aviation, maritime, and every major regulated sector, helping clients navigate Nigeria’s fragmented, evolving, and often unpredictable regulatory environment.

Our clients include multinationals entering Nigerian markets, domestic companies expanding operations, startups navigating regulatory uncertainty, and established businesses facing enforcement or seeking regulatory approvals. We handle licensing applications, regulatory compliance programs, enforcement defence, regulatory investigations, and strategic regulatory engagement across Nigeria’s multiple federal and state regulatory agencies.

What distinguishes our practice is regulatory intelligence combined with implementation capability. We don’t just know what the law says, we understand how regulators think, how approvals actually get granted, and how to navigate informal processes that determine real outcomes. We maintain relationships with key regulators while fiercely protecting client interests when regulatory engagement isn’t enough.

When regulatory approval determines business viability and regulatory enforcement threatens operations, Nigeria’s most sophisticated companies rely on Aluko & Oyebode.

Services

Strategic regulatory engagement, building regulatory relationships, influencing regulatory interpretation, participating in consultations, and advocating for favourable regulatory treatment while maintaining ethical engagement.

Securing regulatory licenses and permits across all sectors, preparing applications, engaging regulators, managing approval processes, and navigating bureaucratic delays. We handle banking licenses, telecommunications licenses, energy permits, aviation approvals, and sector-specific authorisations.

Designing and implementing regulatory compliance programs, identifying applicable obligations, establishing compliance processes, managing regulatory reporting, conducting compliance audits, and ongoing regulatory monitoring.

Defending clients in regulatory investigations and enforcement proceedings, responding to regulatory inquiries, managing inspections and audits, challenging enforcement actions, negotiating settlements, and litigating regulatory disputes.

Deep expertise across regulated sectors: telecommunications (NCC), financial services (CBN, SEC, NAICOM, PenCom), energy (NUPRC, NMDPRA, NERC), aviation (NCAA), maritime (NIMASA), healthcare (NAFDAC), and others. We advise on sector-specific compliance, tariff regulation, and regulatory strategy.

Selected Experience

Secured NCAA license renewal for an airline facing regulatory scrutiny; addressing safety concerns, demonstrating compliance upgrades, and achieving approval, preventing operational shutdown.

Coordinated acquisition of 15+ permits for oil and gas midstream project: managing NUPRC, NMDPRA, environmental agencies, state governments, and local authorities to enable project development.

Secured Payment Service Provider license for fintech startup,  navigating CBN’s stringent requirements, preparing a comprehensive application, addressing multiple regulator queries, and achieving approval, enabling market launch.

Defended insurer in NAICOM investigation into alleged capital adequacy violations; responding to regulatory inquiries, negotiating remediation plan, and avoiding license suspension.

Designed a comprehensive NAFDAC compliance program for a pharmaceutical manufacturer: addressing GMP requirements, establishing quality assurance systems, and achieving regulatory certification for expanded operations.

Advised a major telco on acquiring additional spectrum: managing NCC engagement, structuring commercial terms, addressing competition concerns, and securing ministerial approval for ₦50 billion spectrum investment.

Client Quotes

Key Contacts

Adeolu Idowu 1
Adeolu Idowu
Co-Managing Partner
Oghogho Makinde 1
Oghogho Makinde
Partner
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Sumbo Akintola
Partner
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Tosin Iyayi
Partner

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Awards and Accolades

Thought Leadership

January 2026
31 March 2026 – Deadline for Filing Annual Data Protection Compliance Audit Returns
January 2026
Nigeria 2025 Oil Licensing Round: Key Clarifications from The Pre-Bid Conference
January 2026
SEC Revises the Minimum Capital Requirements for Regulated Capital Market Entities
January 2026
Nigerian Capital Markets Regulatory Update Q4 2025
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Regulatory