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Theories are rife on the pivotal role technology will play in reshaping the architecture of intra-African trade and the convergence of cryptocurrency...

Businesses with an International Money Transfer Operator (IMTO) license are authorised by the Central Bank of Nigeria (CBN) to facilitate efficient fund transfers from entities or individuals abroad to recipients in Nigeria.

Nigeria's startup ecosystem is one of the most dynamic in Africa, attracting both local and international investors. However, understanding the regulatory landscape can be challenging, especially for new businesses...

The Investment and Securities Act, 2025 (ISA 2025) represents a significant regulatory development, particularly for those operating in and around digital asset markets including Fintech. In our previous newsletter*, we highlighted the important changes made to the capital market by the ISA 2025.

The Central Bank of Nigeria's new rule limiting BVN-linked phone number changes to just once raises critical questions about balancing financial security with data subject rights. As phone numbers serve as essential authentication tools yet remain inherently changeable due to theft, loss, or compromise, this regulatory restriction may conflict with statutory rectification rights under data protection law.

On March 20, 2025, the Nigeria Data Protection Commission ("NDPC") released the General Application and Implementation Directive 2025 ("GAID"), superseding the Nigeria Data Protection Regulation (NDPR) 2019.

On Tuesday, 5th March, 2024, Binance Holdings Limited, colloquially known simply as "Binance" made the unequivocal announcement of their intention to exit from the Nigerian financial market.

Innovation, technology, and the continuous need for customers to access convenient products and services have led to the evolution of the Financial Technology (Fintech) industry.

On July 9, 2021, the Central Bank of Nigeria ("CBN") issued new twin regulations to govern mobile money services in Nigeria.

In Nigeria, the year 2022 was an interesting year for regulators and Fintechs alike. The Fintech space in Nigeria

Rather than creating an entirely new bureaucracy, the CBN's fintech regulatory capacity can be strengthened by establishing a specialized department or bureau within the CBN to handle digital finance.

In Nigeria, the importance of a well-regulated banking system cannot be overstated, especially in light of the sector's influence on economic growth, investor confidence and public trust.

A Money Lending License in Nigeria can be used for consumer and commercial lending in Nigeria.

Nigeria's removal from the FATF Grey List and the European Commission's high-risk list marks a significant regulatory milestone, but sustaining compliance requires robust automated systems. The Central Bank of Nigeria has issued comprehensive Baseline Standards for Automated Anti-Money Laundering Solutions, establishing minimum functional, governance, and control requirements that all CBN-regulated financial institutions must implement within strict timelines. What specific capabilities must these systems s

At the June 2025 Plenary of the Financial Action Task Force (FATF) held in Strasbourg, Nigeria remained on the global watchdog's list of "Jurisdictions under Increased Monitoring...

Nigeria's Revenue Service has issued comprehensive guidelines establishing a taxation framework for virtual assets, cryptocurrency exchanges, and blockchain enterprises.

On 2 February 2025, the Central Bank of Nigeria (CBN), published its Fintech Strategy Report, and even with frequent regulatory actions, this Report marks the first time the CBN has formally undertaken a wholesale...