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Following the 2007 global financial crisis, Nigeria's banking sector underwent significant regulatory reforms aimed at restoring trust and ensuring financial stability.

The CBN in its March 28, 2024 circular announced an upward review of the minimum capital requirements for banks in Nigeria, mandating banks to raise their minimum paid-up capital by March 31, 2026 as follows...

On 16 January 2026, the Securities and Exchange Commission ("SEC") issued Circular No. 26-1 (the "Circular"), introducing a revised and tiered framework for minimum capital requirements applicable to fund and portfolio...

Before addressing the issues in the case, for a more comprehensive appraisal of the case it will be useful to briefly summarise the facts.

It has been the practice for workers after donkey years of active service, either in the Private or Public Sector, to retire and not have a plan for life after retirement, the least of which, ought to be a roof over their heads.

theThe Nigerian Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) have been locked in a controversy regarding which of the agencies is charged with the responsibility to collect...

The international money transfer operator (IMTO) licence is one that is required for the provision of inbound cross-border payment services from overseas to Nigerians and foreigners ...

Financial institutions in Nigeria prefer immovable assets, like land, as security for loan repayment over movable assets.

Nigeria's Central Bank has issued new Baseline Standards requiring financial institutions to implement automated anti-money laundering solutions capable of real-time detection and reporting of suspicious activity.

In most B2B transactions in Nigeria, there is always the possibility that certain clients will not pay their bills on time, and as a business owner, you can reduce the amount of unpaid invoices...

The Nigerian Fintech space received significant attention from regulators in the second half of 2020 and into 2021. This ranges from the Securities and Exchange Commission's ("SEC's")...

The relationship between a bank and its customers is primarily governed by contract, which generally restricts the opportunities for third-party intervention. However, the framework for freezing bank accounts...

If you are thinking about launching a microfinance bank, lending company, or payment platform in Nigeria, this guide is written from the ground up based on real-world experience.

In recent years, technological innovations have greatly improved the way and manner customers conduct banking transaction one of which is mobile banking.

The Nigerian Exchange Group has unveiled plans to allow Nigerian companies with significant foreign exchange revenue and free trade zone enterprises to issue and list bonds and stocks denominated in US Dollars. This initiative aims to provide an avenue to meet the foreign exchange needs of such companies while enhancing investment opportunities in Nigerian capital markets.

The Nigerian Securities and Exchange Commission has introduced significant amendments to its Rules and Regulations governing Fund/Portfolio Management Operations, with far-reaching implications for how fund and portfolio managers conduct their business. These changes place heightened emphasis on investor protection, conflicts management, custody arrangements, and cross-border investments, requiring Capital Market Operators to fundamentally review their investment practices, client documentation, and governa