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In this article, we shed light on the directive of the CBN, its effect on cryptocurrency trading in Nigeria, and the Securities and Exchange Commission's (SEC) stance on cryptocurrency in Nigeria.

By virtue of Section 13 of the Investment and Securities Act, 2007 the SEC, is the apex regulatory organization for the Nigerian capital market, which is empowered to regulate investments and securities business in Nigeria.

Nigeria cedes $4-5 billion annually in marine liability insurance premiums to foreign institutions, creating a legally mandated market opportunity with no domestic competitor. Development finance institutions and blended capital structures could establish the country's first Protection and Indemnity club, capturing a revenue stream that currently flows entirely offshore while building critical local capacity in underwriting, claims management, and maritime risk assessment.

Whether digital and virtual assets are, or need to be, regulated in Nigeria has been quite controversial in recent times.

There is no doubt that COVID-19 has triggered some new thoughts on how businesses are conducted all over the world.

If you are thinking about preventing dilution and increasing the value of your trademark, you should consider filing a Defensive Trademark.

The enactment of the Investment and Securities Act, 2025 ushered in a new regime for the formal recognition and acceptance of cryptocurrencies in Nigeria with the implication that cryptocurrencies and other forms of virtual assets can now be legally traded in Nigeria.

In our earlier article, we had highlighted the intention of the primary regulator of investments and securities in Nigeria, the Securities and Exchange Commission (the "Commission") to regulate virtual/digital assets in Nigeria.

The rapid evolution of digital finance has amplified the need for regulatory frameworks. Transformative technologies such as cryptocurrency e.g. stablecoins, amongst others, are already used for payments, remittances and cross-border settlements.

The African fintech ecosystem opened 2026 with reports of Flutterwave's acquisition of Mono, valued by multiple media outlets at between $25 million and $40 million.

A trail of circulars from Central Bank of Nigeria and Nigeria's Securities and Exchange Commission has thrown the tech industry in a panic.

In our previous newsletter, we analyzed the Central Bank of Nigeria ("CBN") categorization of the Fintech licenses into four categories based on CBN circular dated December 9, 2020...

At the startup phase, access to financing is a major constraint which businesses in every sector in Nigeria must maneuver.

Nigeria's Central Bank has issued a sweeping directive requiring all payment and financial transaction data generated within the country to be processed and stored locally by January 2027. This regulatory shift forces fintech companies to abandon their reliance on global cloud platforms like AWS and Azure, introducing significant operational costs, infrastructure risks, and compliance complexities. The mandate affects not only licensed financial institutions but extends throughout the entire fintech ecosyst

On 9th December 2020, the Central Bank of Nigeria (CBN) the Central Bank of Nigeria (CBN) issued a circular on "New License Categorisations for the Nigerian Payments System" (NPS Circular).

Following the Central Bank of Nigeria's (the "CBN") consistent moves to ensure transparency and efficiency in foreign exchange transactions and boost diaspora remittances in Nigeria, the CBN on 24th June, 2024 issued a Circular with Reference No. TED/FEM/PUBFPC001/01.

Exploring the intricate link between technology and audit, this article investigates how this evolution is poised to reshape financial practices.