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On October 11, 2021, the Central Bank of Nigeria ("CBN") took a fundamental step towards facilitating the settlement and payment of cross-border transactions within the African continent...

The internet seems to be the new place to find love for introverts who prefer to stay indoors and "press phone." The reason for this is not far–fetched.

The digital economy is generally defined to constitute any economic activity supported or enabled by digital technologies such as the internet, mobile devices, and other digital tools.

From cloud computing and robotics to analytics, artificial intelligence and automation, a new class of digital disruptors is transforming how business gets done.

On November 12, 2020, President Muhammadu Buhari signed the Banks and Other Financial Institutions Act 2020 into law and thereby effectively repealed the erstwhile Banks and Other Financial Institutions Act 1991.

The first era of Nigerian fintech rewarded speed. Companies that could process payments faster, designed cleaner interfaces, and deliver smoother onboarding captured users and attracted capital.

In pursuit of its goal to liberalize the Nigerian foreign exchange market, the Central Bank of Nigeria (CBN) issued the 'Guidelines for International Money Transfer Services ...

As 2025 unfolds, regulatory dynamics are set to play a significant role in shaping the business landscape. Many of these regulatory actions started to take shape toward the end of 2024 but are expected...

The digital world is here to stay. It is the new normal. This realisation was responsible for the conclusion of the OECD that the digital economy cannot be ringfenced for tax purposes...

There are a number of criticisms leveled at cryptocurrencies in Nigeria, the most common is the link to criminal activities associated with its use. Unfortunately for law enforcement agencies, cryptocurrencies are...

In our Series 3 of these updates (LINK), we had looked at the Securities and Exchange Commission's ("SEC") requirements in relation to Digital Assets Custodians. In this current series,...

An International Money Transfer Operator (IMTO) is a company approved by the Central Bank of Nigeria (CBN) to facilitate the transfer of funds from individuals or entities residing abroad to recipients in Nigeria.

With the enactment of the Investment and Securities Act 2025, virtual assets/digital assets including cryptocurrencies, Non-Fungible Tokens, etc. can now be legally traded and transacted in Nigeria subject to satisfying applicable legal requirements.

Over the years virtual digital assets, commonly referred to as cryptocurrencies, have become ubiquitous prompting the authorities to grapple with a suitable form of regulation or supervision.

Access to credit in Nigeria has been low for a while, with the Central Bank of Nigeria affirming that only 5.3% of the adult population have access to finance.

The Securities and Exchange Commission (SEC) has issued Circular No. 26-1 dated 16 January 2026...

The Central Bank of Nigeria, on 9, July 2021, issued The Regulatory Framework and Guidelines for Mobile Money Services in Nigeria which is essentially a more robust framework in comparison to the Guidelines on Mobile Money Services in Nigeria.