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These Guidelines establish the Pre-Qualification, Incubation Form and Fee, Operations Requirement, Restrictions and Conditions, Termination and Content of the Implementation Plan.

A Payment Terminal Service Provider (PTSP) license is one issued to financial technology companies for deploying, maintaining, and supporting POS terminals services.

The advent of blockchain technology has immensely impacted operations in the Nigerian financial ecosystem. Smart contracts, among various blockchain technology innovations, have one of the most...

The Investments and Securities Act 2025 ("ISA 2025" or the "New Act") was signed into law in March 2025, repealing the Investments and Securities Act of 2007 ("ISA 2007 or the "Old Act").

$69,000,000 (sixty-nine million US Dollars). That is how much the first Non-Fungible Token ("NFT") was sold at an auction house.

In light of the rapid adoption of technology in the financial services sector, the Securities and Exchange Commission ("the SEC" or "the Commission") ...

The financial technology ("Fintech") sector in Nigeria experienced significant growth and advancements in 2024. This was driven by the collaborative efforts of industry players, regulators, and government agencies.

Cryptocurrencies have been gaining momentum in recent years, notwithstanding various concerns and critiques about the use-case of cryptocurrencies. Cryptocurrencies are digital or virtual...

Cryptocurrency has been the subject of many discussions and is presently taking the world by storm.

Financial technology (fintech) is the use of technology to render financial services. Companies that render financial technology services are commonly known as fintech companies.

The financial technology ("Fintech") sector in Nigeria experienced significant transformations across various segments in the first half of this year.

The financial landscape of Nigeria is never static. Constantly evolving, new services and products are periodically introduced that change the way Nigerians interact with Financial Institutions and the Nigerian monetary and payment system.

The Central Bank of Nigeria's (CBN) Open Banking initiative is a forward-looking step aimed at transforming the country's financial landscape.

The Nigerian technology and innovation space in general, and its startup ecosystem in particular, has been gaining momentum and recording impressive growth in recent times.

Kenya and Nigeria are formalizing their digital asset markets through Virtual Asset Service Provider (VASP) licensing frameworks. While both countries require regulatory approval for crypto operations, their licensing categories, capital requirements, and compliance expectations differ significantly. Understanding these distinctions is essential for fintech founders and financial institutions seeking to enter or expand in these African markets.

Imagine a world where you do not need to hold cash physically, where you can access your money anytime and anywhere to meet your financial needs with just a click of a button.

On December 9, 2020, the Central Bank of Nigeria (CBN) issued a circular, recategorizing Payments System licensing in Nigeria into four major categories: Switching and Processing...