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Categorisation of these assets has been a hot topic in order to determine the legal status and how the law would apply to them in different circumstances.

The rules for starting and operating a Fintech in Nigeria have recently changed. Between 2020 & 2021, the CBN made significant changes to the legal and regulatory framework around the establishment and operation of Fintech companies in Nigeria.

The Securities & Exchange Commission (the "SEC") has an inherent economic role of facilitating capital formation, meaning, from an economic standpoint, the SEC is also partly responsible...

The Nigerian financial services industry has experienced significant growth in the last couple of years, due largely to the entry of an increased number of Fintech companies into the market.

When the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks in July 2026, fintech companies relying on these institutions for customer accounts and settlement infrastructure faced immediate operational disruption. This analysis examines the regulatory grounds for revocation, the deposit insurance framework administered by the NDIC, and the critical due diligence and resilience measures fintech companies must implement when their products depend on regulated banking partners.

Nigeria's open banking framework promises to transform digital lending through secure, consent-driven financial data sharing. As the phased rollout approaches mid-2026, lenders face both opportunity and obligation: faster credit decisions, better risk assessment, and new product possibilities, alongside stricter compliance requirements and infrastructure dependencies that will reshape competitive dynamics across the sector.

In August 2020, Nigeria was adjudged the highest performing nation in the world in terms of bitcoin interest. This is the result of a research carried out by Blockchain.com ...

In response to the significant developments in the financial sector, President Muhammed Buhari on the 12th of November 2020 signed the Banks and Other Financial Institutions Act 2020 ("2020 BOFIA") into Law.

Blockchain for Lawyers Masterclass: For Lawyers, Compliance Officers, Regulators, Policy Makers, and Others

FinTech is a portmanteau developed from the words "financial" and "technology". It is used to describe technologically enabled innovations that are rewriting the rules of financial transactions.

Nigeria is one of the major players in the financial services industry and has consistently experienced rapid growth in the financial technology subsector.

While banks and other financial institutions are prohibited from dealing in cryptocurrencies in Nigeria, cryptocurrency has not been termed illegal, but it is unregulated.

On April 28, 2023, the Nigerian Securities Exchange Commission (SEC) issued a circular announcing the opening for applications for the inaugural cohort of its Regulatory Incubation Program.

In our Series 2 of these updates we analysed the Securities and Exchange Commission's ("SEC") requirements in relation to Digital Assets Offering Platforms (DAOPs).

Today, our weekly newsletter is having a twist. We thought we'd spice it up a bit, let's take a break from the norm. Although we are still building across borders and taking new companies to Egypt...

Notwithstanding the challenges posed by the COVID-19 crisis, the Nigerian FinTech industry is positioned for growth in the coming years.

Kenya has emerged as a leader in Africa's fintech ecosystem, leveraging technology to revolutionize financial services.

In this age of the Internet of Things, paying for goods and services is frequently done with the use of payment cards.