South African multinational MTN recently paid NGN80 billion (US$255 million) to Nigerian authorities as part of a fine settlement agreed in June this year, Communications Minister Adebayo Shittu said...

On 13th July 2020, Nigeria's apex bank, the Central Bank of Nigeria (the "CBN") issued Guidelines on the Global Standing Instruction (the "Guidelines" or "GSI") for individual accounts.

Kenya's Central Bank has issued a six months' notice for digital credit providers (DCPs) to apply for licences or cease operations.

In furtherance of the CBN's objective to deepen financial inclusion in Nigeria, the apex financial regulator has invited innovators to submit their expression of interest to participate...

The Central Bank of Nigeria (CBN) has published for consultation its Exposure Draft of the Guidelines on Ring-Fencing Operations of Closely Linked Entities in the Nigerian Financial System. While the Guidelines are not yet in force, they signal a significant shift in the CBN's regulatory expectations for financial services groups operating multiple licensed entities.

On Monday, 27 June 2022, the Federal High Court (FHC or "the Court") sitting in Abuja ruled in Accugas Limited (Accugas or "the Company" or "the Plaintiff") and Federal Inland Revenue Service (FIRS) & Attorney General of the Federation.

A digital bank is a technology banking system that provides virtual financial services. Digital banking has becoming very popular in Nigeria with the establishment of digital banks.

Nigeria's fintech ecosystem continues to attract significant local and foreign investment, but navigating its complex and overlapping regulatory framework remains critical to deal certainty, change of control and exit planning.

Debt is a particular amount of money that is contractually or otherwise due. A claim for money must be a particular, set, liquidated sum with a due date and no payment has been made...

President Muhammadu Buhari has declined assent to the National Housing Fund (NHF) Bill, 2018 (the Bill) which was recently passed by the National Assembly.

His Excellency, President Muhammadu Buhari, GCFR, signed both the 2022 Appropriation Bill ("the Budget") and Finance Bill, 2021 into law on 31 December 2021, following their passage by the National Assembly.

A Foreign Exchange (Control and Monitoring) Bill 2016 has recently passed second reading at the National Assembly.

Letters of credit remain one of the most successful instruments for managing payment risk in international trade, offering dual security to both buyers and sellers through bank-mediated documentary compliance.

In the dynamic world of startup financing, various instruments play crucial roles in raising capital and supporting innovative ventures.

Congratulations! Your start-up is taking off, and you want to expand it by raising money. Regardless of the option of funding chosen, raising capital can be quite a tedious process...

The client/investor had entered into a Share Purchase Agreement ("SPA") to acquire a minority stake in a technology company. The SPA included a Material Adverse Change (MAC) clause, which allowed the investor...

Any business owner who intends to operate a money lending business in Oyo State, Nigeria must obtain the money lending license of the state. The grant, refusal and revocation of money lender's...

Businesses seeking to raise capital have a choice between equity or debt financing.

TIN refers to Taxpayer Identification Number whiles BVN refers to Bank Verification Number. For anyone seeking to start their business in Nigeria, TIN and BVN are two important things you must obtain.

On 3 May 2023, the Nigerian government approved a National Blockchain Policy for Nigeria ("Policy"). As the leading digital economy in Africa, Nigeria is the first in the continent to adopt...