Fintech licenses come with limits and many fast-growing players are now turning to banking licenses as a more scalable path forward. Moniepoint is a prime example. It began as a mobile money operator, transitioned to a microfinance bank, and is now pursuing a full commercial banking license.

In a strategic development poised to reshape Nigeria's industrial landscape, China is set to deepen its collaboration with Nigeria through the establishment of electric vehicle (EV) factories.

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.

Barely a month after the much-celebrated reopening of the Warri Refining and Petrochemical Company, the Refinery has come to a grinding halt.

Moonlighting (holding down a full-time job while running a side hustle) is fast becoming the norm in the global tech space. For employees, the perks are obvious...

The President of the Federal Republic of Nigeria, President Muhammadu Buhari, finally signed the Petroleum Industry Bill 2021 into law on August 16, 2021, well over a decade after the first draft...

Nigeria's refining sector is poised for expansion as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved licenses for the construction.

In our 2023 year-end report, we analysed the opportunities, challenges, and transformations experienced in Nigeria's oil and gas industry, with a particular emphasis on gas.

Towards achieving vision 30:30:30 through the increased penetration of mini-grids in Nigeria, the Nigerian Electricity Regulatory Commission (NERC or the "Commission") published a consultation paper in August 2022 calling for recommendations on its proposed amendment of the 2016 Mini-Grid Regulations.

After nearly three decades of legal battles, arbitration proceedings, and international scrutiny, the long-running dispute over OPL 245 has finally come to an end. On March 5, 2026, the Nigerian government announced...

On June 26th, 2025, President Bola-Ahmed Tinubu signed into law a suite of four tax reform statutes, including...

The typical Software as a Service (SaaS) Company is fast-paced and driving sales is not just about innovative products and aggressive marketing; it's also about optimizing...

After almost two decades, the long and protracted reform process of the Petroleum Industry Bill 2020 ("PIB", "Bill") culminated in the splitting of the Bill into four smaller legislations

The regulation of Bureau de Change Operators (BDCs) remains a topical issue in Nigeria. The Central Bank of Nigeria (CBN) has repeatedly expressed its commitment to addressing the challenges posed by unauthorized operations of some BDCs, which has the potential of undermining the Nigerian financial system.

"The Board and Management of the bank have not been able to improve the bank's financial performance, a situation which constitutes a threat to financial stability…".

On May 20, 2025, the Central Bank of Nigeria (CBN) published the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions (the "Exposure Draft" / "Proposed Baseline Standards").

On May 20, 2025, the Central Bank of Nigeria (CBN) published the Exposure Draft of the Baseline Standards for Automated Anti-Money Laundering (AML) Solutions...

In Nigeria's increasingly scrutinized and regulated fintech landscape, having a license is no longer enough; it is about understanding what that license permits.

According to the African Private Equity and Venture Capital Association, 73 percent of the total value of private equity deals in West Africa between the years 2013 to 2018 were recorded in Nigeria.

On 7 February 2025, the Nigerian Copyright Commission ("NCC") was designated as a Relevant Organisation under the Proceeds of Crime (Recovery and Management) Act, 2022...