379 results found

Cross-border digital fraud, encompassing cryptocurrency theft, business email compromise, wire fraud and romance scams, has evolved into a sophisticated global phenomenon.

As part of its efforts at ensuring investor protection and encouraging innovation in the conduct of securities business in Nigeria, the Securities and Exchange Commission ("SEC")'s issued Rules on...

Cross-border acquisitions have become one of the defining features of Africa's evolving financial landscape. Regional banks, global investors...

The first quarter of 2026 brought transformative changes to Nigeria's financial sector through overlapping recapitalization programmes, heightened regulatory oversight, and rapid fintech evolution. This comprehensive review examines how strategic consolidation, capital realignment, and regulatory reforms across banking, insurance, pensions, and capital markets are collectively driving structural shifts toward enhanced governance frameworks and improved systemic resilience.

Open banking, open risk.

Nigeria's digital asset ecosystem has evolved rapidly, yet regulation has struggled to keep pace with innovation. The Presidential Executive Order on Virtual Assets Coordination, 2026, seeks to bring greater coordination and clarity to the institutions responsible for regulating the sector, addressing the fragmented regulatory landscape that businesses have faced when establishing or investing in virtual asset operations.

Nigeria's Revenue Service has issued comprehensive guidelines clarifying how virtual assets are taxed under existing legislation. The framework addresses taxation for individuals and businesses engaged in cryptocurrency trading, virtual asset service providers, and peer-to-peer marketplaces. A notable feature is the requirement to compute gains in US dollars rather than Naira.

A U.S.-based software vendor, which provides financial analytics tools licensed its proprietary API to a local fintech startup.

In the past, the fintech space was male dominated as was the case in many other industries.

The third quarter of 2025 marked a defining period for Nigeria's financial sector, as regulatory reforms, capital-raising activities, and digital transformation shaped the landscape of banking, fintech, and capital markets.

Nigeria's fintech ecosystem continues to attract significant local and foreign investment, but navigating its complex and overlapping regulatory framework remains critical to deal certainty, change of control and exit planning.

A Payment Solution Service Providers (PSSP) licence is a financial licence usually owned by financial technology businesses.

The Central Bank of Nigeria's (CBN) circular has created chaos and uncertainty within the Nigerian community especially with those who deal in cryptocurrency in their day to day business activities.

Nigeria's financial sector in 2025 witnessed transformative developments characterised by strategic policy reforms, enhanced regulatory frameworks, and significant infrastructure investments aimed...

In this edition of the AO Insider Series, experts unpack one of the most pressing issues shaping Nigeria's fintech sector — tax compliance and evolving regulatory obligations.

On 3 May 2023, the Nigerian government approved a National Blockchain Policy for Nigeria ("Policy"). As the leading digital economy in Africa, Nigeria is the first in the continent to adopt...

The Nigeria Information Technology Development Agency (NITDA) has disclosed its intention to issue non-compliance notices to companies and organizations that have failed to comply with the...

Through Blockchain, digital assets were introduced to the world in 2009 with no central controlling authority. Very quickly, cryptocurrency transactions became popular in various parts ...