1,126 results found

Paystack, Moniepoint, and Opay, some of the biggest names in the Nigerian fintech space, have all been hit with major fines by the Central Bank of Nigeria ("CBN") in the last 18 months, some as high as N1 billion.

As African private capital markets emerge from a period of volatility, the first half of 2025 has signalled a phase of stabilisation and renewed investor focus.

The Central Bank of Nigeria has issued new guidance clarifying that suspensions of payment obligations and termination rights under financial contracts involving Nigerian banks will not exceed two business days. This interpretative circular addresses a critical gap in the Banks and Other Financial Institutions Act, 2020, providing certainty for counterparties trading derivatives, repos, and other financial instruments with CBN-regulated institutions.

One of the questions that keep running in the minds of entrepreneurs, especially those within the Tech eco system in Nigeria is whether the CBN and other regulatory agencies like the EFCC and the Police have the power to ...

As part of its efforts to make the Nigerian business climate investment-friendly, the Federal Government of Nigeria has introduced various incentives and reliefs aimed at promoting both local and foreign investments.

Several options are available to banks in their effort to raise additional capital, a route we anticipate to be the first line of action for most banks in achieving

The Securities and Exchange Commission (‘SEC’), Nigerian Communications Commission (‘NCC’), the National Pension Commission (‘PenCom’), the Nigeria Revenue Service...

A CGC is an institution licensed with the primary objective of providing guarantees to banks and other financial institutions against the risk of defaults by debtors.

Access the Financial Reporting Council of Nigeria's strategic roadmap for implementing IFRS Sustainability Disclosure Standards, designed to transform corporate reporting practices across Nigerian 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.

It is widely acknowledged that there are limited funding sources for entrepreneurs in emerging economies, such as Nigeria.

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.

The Federal High Court ("FHC" or "the Court") sitting in Abuja, on 27 June 2022, delivered a judgement on the applicability of tax amendments to transactions that arose prior to such amendments.

The Central Bank of Nigeria (CBN) on Thursday, October 9 2025, issued draft guidelines for the operation of Automated Teller Machines (ATMs) in Nigeria ("Guidelines").

On 16 May 2026, the Central Bank of Nigeria launched the 2026 FX Manual, marking the first comprehensive review of Nigeria's foreign exchange regulatory framework in nearly a decade.

Budget as a central policy document of government will show how government will prioritise and achieve its annual and multi-annual objectives.

Arbitration in Nigeria continues to experience an upward spiral as an effective dispute resolution mechanism adopted by parties engaged in contemporary commerce.