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ARTICLE · 09 MARCH 2021

Diaspora Remittances In Nigeria

Udo Udoma & Belo-Osagie
Udo Udoma & Belo-Osagie
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Udo Udoma & Belo-Osagie

Udo Udoma & Belo-Osagie

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The Nigerian Fintech space received significant attention from regulators in the second half of 2020 and into 2021. This ranges from the Securities and Exchange Commission's ("SEC's")...

NigeriaFinance and Banking
Yinka Edu
Yinka Edu
Bond Eke-Opara
Bond Eke-Opara
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  1. INTRODUCTION

1.1 The Nigerian Fintech space received significant attention from regulators in the second half of 2020 and into 2021. This ranges from the Securities and Exchange Commission's ("SEC's") stated intention to issue regulations on cryptocurrency, to the actions that it has taken to restrict the activities of certain investment platforms in a bid to directly regulate all those operating in the industry. The CBN has also been busy with its own regulations, streamlining its licences and issuing regulations on the use of QR Codes and its Sandbox regime. Amid this flurry of new regulations, particular attention has been given to International Money Transfer Operators ("IMTOs") and diaspora remittances in general.

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