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Discover how these groundbreaking standards are shaping the future of business, investments, and our world economy. Explore key features, requirements, benefits, and challenges.

Financial institutions, the banks and the microfinance banks evolve to meet these needs and demands of loans.

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.

These individuals get their valuables back from the pawnbroker, if they successfully pay back the money which they were loaned along with the accruing interest on the loan.

With the introduction of the Finance (Amendment) Bill, 2024, the Nigerian government seeks to impose and charge banks in Nigeria with a one-time windfall tax.

In a volatile economy where businesses seek to diversify revenue streams in order to mitigate the risk associated with a particular industry, a feasibility study serves as a crucial part of the business diversification and investment evaluation process.

Understanding the regulatory framework surrounding Politically Exposed Persons (PEPs) is crucial for companies operating in Nigeria's financial and business sectors. This publication examines the legal definition of PEPs under Nigerian law, identifies who qualifies for this designation, and outlines the enhanced due diligence obligations that financial institutions and businesses must implement when dealing with these high-risk individuals.

The Finance Act, 2019 came with copious far-reaching changes in the laws relating to major taxes in Nigeria.

The CBN, like other Central Banks globally, has commenced preparation for the issuance and operation of Central Bank-issued Digital Currency (CBDC).

The Central Bank of Nigeria has mandated that all payment transaction data generated within the country must be stored locally by January 2027, marking a significant shift in how financial institutions handle sensitive information. This directive raises critical questions about Nigeria's infrastructure readiness and the practical steps banks, mobile money operators, and payment providers must take to comply. With less than six months until the deadline, organizations face urgent decisions about data governa

In celebration of the 2023 International Data Protection Day, it is pertinent to reflect on the developments which occurred in the Nigerian data protection landscape in 2022...

Until recently, stamp duties had been one of the underutilized sources of revenue for the Nigerian Government.

The Nigerian Stock Exchange ("NSE"), a company limited by guarantee, is currently in the process of being demutualised into a public company limited by shares ("Plc").

Bank charges are fees that banks impose on their customers for using their services. They vary depending on the type of service and the bank. Some of the common bank charges include ATM fees...

The Central Bank of Nigeria, in collaboration with the Financial Markets Dealers Association, has introduced the Nigerian Overnight Financing Rate (NOFR) as Nigeria's new overnight interbank benchmark.

Nigerian debt market executed and closed the largest wave of syndicated loans ever witnessed in Nigeria between 2013 and 2015 as up to 15 syndicated loan facilities achieved financial closure.

Previously, navigating the Nigerian Foreign Exchange market could be a challenge for foreign businesses and investors.

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.