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This article explores some of the changes introduced by the new standard in accounting for financial assets and possible tax implications.

FinTech is a portmanteau developed from the words "financial" and "technology". It is used to describe technologically enabled innovations that are rewriting the rules of financial transactions.

On April 28, 2023, the Nigerian Securities Exchange Commission (SEC) issued a circular announcing the opening for applications for the inaugural cohort of its Regulatory Incubation Program.

The Central Bank of Nigeria (CBN) recently released the Framework for Regulatory Sandbox Operations and the Framework for Quick Response (QR) Code Payments in Nigeria.

In today's world, being customer-centric is no longer just a nice idea; it is now a fundamental part of doing business. This fundamental obligation in doing business cuts across all sectors including...

Nigeria's Central Bank has launched a new regulatory sandbox track specifically for virtual assets, marking a significant shift in the country's approach to cryptocurrency oversight.

The Central Bank of Nigeria has launched Cohort 2.0 of its Regulatory Sandbox Programme, introducing two specialized tracks for testing innovative financial solutions. The VASP Track focuses on virtual assets and stablecoins, while the Non-VASP Track covers data-enabled financial services including Open Banking and payment initiation. Applications are open from August 12-31, 2026, offering eligible innovators a controlled environment to test their products under CBN supervision.

In a recent development, the Central Bank of Nigeria (CBN) has taken a decisive action by revoking the operating licenses of 132 Micro-Finance Banks, 4 Primary Mortgage Banks and 3 Finance Companies across the country.

Nigeria's financial sector saw 30% growth in 2024, fueled by $6 billion in foreign investments. New CBN regulations mandate higher bank capital bases by 2026, prompting reforms like mergers and partnerships.

Since the introduction of electronic payments systems in Nigeria, the Central Bank of Nigeria ("CBN") has sought to maintain a high standard of conduct within the banking sector to protect consumers.

Over the years, the Nigerian legal tender has been redesigned four (4) times; the first time was in 1965 when Nigeria became a republic, and the main reason why it was redesigned...

In March 2024, Nigeria's banking system regulator, the Central Bank of Nigeria (CBN) announced an increase in the capital requirements for banks operating in Nigeria across the different licence categories.

The Lagos State House of Assembly recently passed the Lagos State Electric Power Sector Reform Law (the "Law") and same has since been assented to by the Lagos State Governor.

NAICOM's power to administer, supervise, regulate and control the insurance industry is derived both from its establishment Act and the Insurance Act.

Nigeria's stock market has delivered a stunning 67% return in dollar terms as of July 2026, outperforming global markets including South Korea's Kospi. This remarkable performance stems from currency stability, economic reforms, and strong oil prices—but what does it mean for investors, and what legal framework governs entry into this frontier market?

When the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks in July 2026, fintech companies relying on these institutions for customer accounts and settlement infrastructure faced immediate operational disruption. This analysis examines the regulatory grounds for revocation, the deposit insurance framework administered by the NDIC, and the critical due diligence and resilience measures fintech companies must implement when their products depend on regulated banking partners.

Going public is a significant milestone for any private company, offering access to capital, increased visibility, and enhanced credibility.

The NCC gives a maximum of sixty (60) days for such notification and responds within a thirty (30) day time frame.