On 29th July, 2024, the Corporate Affairs Commission (the "CAC") exercising its authority under Section 8 (1) (e) of the Companies and Allied Matters Act (CAMA) 2020...

Certain designated businesses have industry prescribed minimum share capital in Nigeria.

Infrastructure investments have become vital catalysts for economic development and prosperity worldwide, spanning sectors such as transportation, energy, telecommunications, water, and sanitation.

For example, the regulations require PSBs to issue cards and install ATMs rather than giving them the option of a purely digital proposition.

In a bid to align the Nigerian financial market with global standards and strengthen the efficiency of its financial market infrastructure, the Central Bank of Nigeria (CBN), in collaboration...

This article highlights basic compliance considerations local and foreign tech start-ups must take into account before taking steps to set up business operations in Nigeria.

A key concept in banking regulation is the provision of standards or guidelines by regulators to prevent financial institutions from incurring risk-weighted assets beyond their respective risk management capacity and capital adequacy.

On October 22, 2018, the Central Bank of Nigeria (CBN) issued a circular pursuant to its Microfinance Policy, Regulatory and Supervisory Framework (April 2011).

On 10th December 2020, the Central Bank of Nigeria ("CBN") issued a Circular dated 9th December 2020 on a new licence categorisation for payments system in Nigeria ("Circular").

On April 17, 2026, the Central Bank of Nigeria (CBN) announced the introduction of the Nigerian Overnight Financing Rate (NOFR) in collaboration with the Financial Markets Dealers Association (FMDA).

In recent times, the idea of digital banking has become increasingly popular with the establishment of digital banks. These digital banks like Kuda, Vbank, and ALAT by Wema provide a seamless means of banking...

In March 2024, the Central Bank of Nigeria (CBN) released the Banking Sector Recapitalization Programme (FPR/DIR/PUB/CIR/002/009)...

The Securities and Exchange Commission (‘SEC') pursuant to its statutory mandate under the Investments and Securities Act 2025...

Regulations, when well-conceived and implemented, are almost always good for business. They tend to set a bar that institutionalizes best practices, and signals confidence to investors...

The Central Bank of Nigeria (CBN) has mandated a significant increase in the minimum capital requirements for commercial, merchant, and non-interest banks operating in Nigeria.

With the growing demand for faster and more convenient financial services, there are more people looking to solve this problem by setting up a digital bank. We have had startups...

On the 3rd day of June, 2024, The Central Bank of Nigeria (CBN) revoked Heritage Bank's license, raising significant concerns among depositors, investors, and other stakeholders.

Major highlights of the Circular are presented below.

In recent times, the idea of digital banking has become increasingly popular with the establishment of digital banks. These digital banks like Kuda...

The Banking Sector Regulation Programme is a regulatory initiative of the Central Bank of Nigeria that requires banks operating in Nigeria, to increase their minimum paid-in common equity capital to a specified amount ...