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ARTICLE · 25 JUNE 2019

Fintech Regulations In Nigeria- An Overview (Part 2)

AELEX
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Nigeria has seen remarkable growth in the technological sector, including an exponential growth in FinTech companies, encompassing start-ups and more established businesses.

NigeriaTechnology
Davidson Oturu
Davidson Oturu
Hannatu Dan-Habu
Hannatu Dan-Habu
Kanyinsola Ojeshina
Kanyinsola Ojeshina
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FinTech Regulations in Nigeria

Nigeria has seen remarkable growth in the technological sector, including an exponential growth in FinTech companies, encompassing start-ups and more established businesses. Consequently, the Nigerian government has been inquiring into the financial services sector and focusing on FinTech as one of the key impetus for growth in the Nigerian financial services industry. For this reason, and as part of a national strategy for the development of the FinTech industry in Nigeria, there has been significant interest from policymakers in implementing new regulations for the FinTech industry.

In the first part of this series, we took a closer look at FinTech in relation to Digital Payments and discussed the various regulations that inadvertently affect them within Nigeria.

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