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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...

On March 28, 2024, the Central Bank of Nigeria ("CBN") issued a circular FPR/DIR/PUB/CIR/002/009 on the review of the minimum capital requirements for commercial, merchants, and non-interest banks ("Banks").

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.

Nigeria's Minister of Finance, Budget and National Planning has announced fiscal stimulus and other interventions in response to Covid-19 pandemic and the oil price fiscal shock.

Nigeria's financial regulatory landscape has undergone significant changes with the introduction of new updates in June 2024. The Securities and Exchange Commission (SEC)...

Nigeria's venture capital (VC) sector has evolved from an informal, relationship-based market into a structured ecosystem shaped by various laws and regulatory requirements including regulations provided...

On Thursday 19th of October, 2022, President Muhammadu Buhari signed the Nigeria Startup Bill into law, thus bringing Nigeria in the list of African countries with Startup laws.

It is no longer news that several schemes in the name of finance houses have sprung up in the last couple of years with large and very juicy ROIs to unsuspecting members of the public.

On Thursday, February 8, 2018, the Executive Governor of Lagos State, Akinwunmi Ambode signed the Lagos State Electric Power Sector Reform bill into law (the "Law").

In pursuit of its goal to liberalize the Nigerian foreign exchange market, the Central Bank of Nigeria (CBN) issued the 'Guidelines for International Money Transfer Services ...

Nigeria's technology economy has long operated with a structural contradiction: businesses built and run from Nigeria are often incorporated offshore. Itana, Nigeria's first licensed digital free zone, aims to resolve this by adapting the country's free-zone framework to accommodate technology, finance and service businesses that don't require significant physical infrastructure.

The Finance Act of 2020 (the Act) reviews and amends several tax legislations.

An International Money Transfer Operator (IMTO) is a company approved by the Central Bank of Nigeria (CBN) to facilitate the transfer of funds from individuals or entities residing abroad to recipients in Nigeria.