1,126 results found

Lending Services constitute a substantial part of the Fintech ecosystem in Nigeria. In recent times, there has been a steady rise in the number of startups providing short-term loans...

"The Board and Management of the bank have not been able to improve the bank's financial performance, a situation which constitutes a threat to financial stability…".

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, recently disclosed that ₦66 billion was recovered from stamp duties between January and May 2020.

The FATF grey list identifies jurisdictions that are actively working to address deficiencies in their AML/CFT regimes.

Nigeria's Presidential Executive Order on Virtual Assets Coordination, 2026 introduces a coordinated regulatory framework for digital assets, establishing a Virtual Asset Council to strengthen cooperation among existing authorities while preserving their statutory mandates.

On 23 November 2022, the Nigerian President, Muhammadu Buhari, launched the newly redesigned N200, N500 and N1,000 currency notes.

In response to global trends and the increasing need for the regulation of Virtual Assets Service Providers (VASPs), including cryptocurrencies and crypto assets, the Central Bank of Nigeria...

On January 31, 2024, the Central Bank of Nigeria (CBN) issued three (3) pivotal circulars addressing critical aspects of the financial landscape.

On October 12, 2022, the Central Bank of Nigeria ("CBN") released a draft of the Guidelines for the Regulation of Representative Offices of Foreign Banks in Nigeria ("Draft Guidelines").

According to the African Venture Capital Activity Report 2022, seed stage deals continually comprise the largest proportion of venture capital volume in Africa. When categorized from sector...

In July 2020, the Central Bank of Nigeria (CBN) released a draft Framework for Regulatory Sandbox Operations aimed at establishing a controlled environment where disruptive technology...

In the last few years, businesses, ranging from limited liability companies to companies limited by guarantee

Contrary to common lore, money hardly sits idle in the bank. It is almost always going about the business of multiplying; primarily through lending.

Early in the year, the Central Bank of Nigeria ("CBN") issued the "Framework for the Operation of Non-resident Nigerian Ordinary Account and Non-resident Nigerian Investment Account" (the "Framework").

In spite of the rapid growth in the financial sector in Nigeria with various Fintechs providing more accessible and efficient services, the credit system in Nigeria is still very under-developed.

The CBN disbursed the sum of N436.85 Billion to 34 new projects under the N1.0 Trillion RSSF. This was utilized for both green field (new) and brown field (expansion) projects under the COVID-19...

The CBN introduced the BVN in 2014, as a means of ensuring that every bank account holder in the country has a unique identifier.

The Enabling Business Environment Secretariat, under the aegis of the Presidential Enabling Business Environment Council, recently organized a stakeholders meeting to sensitize the public...