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The Securities and Exchange Commission has issued new guidance requiring collateral management companies, warehouse operators, and commodity exchange-linked warehouses to formally register within 90 days. Entities operating under informal arrangements must now meet specific capital requirements ranging from ₦200 million to ₦500 million and submit comprehensive documentation demonstrating operational capacity, governance structures, and financial standing.

The Central Bank of Nigeria ("CBN"), on June 6, 2018, issued the Regulations for Transactions with Authorized Dealers in Renminbi ("Regulations").

The CBN recently issued a directive, dated 31st January 2018, barring Deposit Money Banks and Discount Houses that do not meet the minimum Capital Adequacy Ratio set by the CBN...

The Secured Transaction in Movable Assets Act 2017 ("STMA") was enacted into law in 2017 to provide a comprehensive legal framework for the creation, registration and enforcement of security interests over movable assets.

On June 9 2022, the Central Bank of Nigeria ("CBN") issued the "Revised Guidelines For The Operation of Non-Interest Financial Institutions' Instruments by the Central Bank of Nigeria" (the "Guidelines")...

Nigeria is facing major revenue challenges. The 2023 total budget deficit is N10.78 trillion.

On the 29th of July 2019, MTN's subsidiary; Yello Digital Financial Services Limited was issued a licence to operate as a Super-Agent by the Central Bank of Nigeria, making MTN the first Telco in Nigeria to delve into financial services.

Recently, the financial inclusion programme of the Central Bank of Nigeria experienced a boost with the release of the revised guidelines for licensing ...

In the past two weeks, Nigeria has witnessed certain radical measures imposed on some banks by the new Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi on August 14, 2009.

The ways in which an average Nigerian approaches financing has changed drastically within the past decade and the current financial services market is a reflection of this.

On the 20th of October 2019, subscribers of the telecommunication giant, MTN, awoke to messages from the telecommunications company informing them of the proposed implementation of a charge of N4 per 20 seconds ...

Venture Capital is one of the financing options open to privately-held startup companies and small businesses.

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.

Wealth management is a key component of financial planning aimed at holistically managing the wealth of individuals or families. With the constantly evolving economic...

The Central Bank of Nigeria ("CBN") recently issued a letter to all Nigerian banks announcing a temporary suspension of dividend payments...

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").