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On 22nd December, 2023, the CBN issued the Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers to provide direction to financial institutions in respect of their banking relationship with VASPs in Nigeria.

With the rapid growth of technology, start-ups have continually found ways to improve financial services. This trend has been matched by the growing appetite of the consumers for faster and more convenient financial services.

On 29th March, 2025, the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu, signed the Investment and Securities Act 2025 (the "ISA 2025") into law.

On October 25, 2021, the Central Bank of Nigeria ("CBN"), Nigeria's apex financial and monetary regulator, issued a governing framework for the administration of the eNaira in Nigeria.

The Nigerian real estate sector is undergoing a significant transformation driven by technological advancements. The adoption of digital tools such as virtual reality...

Nigeria is the largest market in Africa and one of the fastest growing countries in the world. The country has a thriving and relatively easy business environment with numerous investment opportunities in various sectors.

A New Regime For International Money Transfer Operator's License In Nigeria Introduction The Central Bank of Nigeria on January 31st 2024 released a revised guidelines for international money transfer services in Nigeria.

In the world today, there has been a lot of questions and concerns raised on the rising developments in the technology world such as the rise of artificial intelligence, automation and other...

As Nigeria's digital financial ecosystem grows, regulators, including the Central Bank of Nigeria ("CBN"), National Information Technology Development Agency ("NITDA")...

Generally, skepticism expressed about cryptocurrencies stems from their classification as high-risk assets'' which are extremely volatile and speculative in terms of price.

As 2023 closed, we highlight some significant regulatory and legal developments within the Nigerian business landscape this year.

The Central Bank of Nigeria (CBN) recently released the Framework for Regulatory Sandbox Operations and the Framework for Quick Response (QR) Code Payments in Nigeria.

Nigeria's Central Bank has launched a new regulatory sandbox track specifically for virtual assets, marking a significant shift in the country's approach to cryptocurrency oversight.

The Central Bank of Nigeria has launched Cohort 2.0 of its Regulatory Sandbox Programme, introducing two specialized tracks for testing innovative financial solutions. The VASP Track focuses on virtual assets and stablecoins, while the Non-VASP Track covers data-enabled financial services including Open Banking and payment initiation. Applications are open from August 12-31, 2026, offering eligible innovators a controlled environment to test their products under CBN supervision.

Nigeria's financial sector saw 30% growth in 2024, fueled by $6 billion in foreign investments. New CBN regulations mandate higher bank capital bases by 2026, prompting reforms like mergers and partnerships.

Digitization has very quickly become inevitable as more and more aspects of human life have been tremendously transformed from hitherto manual and analogue methods to more advanced methods...

Financial technology (fintech) encompasses many innovations, including mobile payment platforms, blockchain-based solutions, algorithmic trading system...