311 results found

Nigeria's maritime sector undergoes a major regulatory overhaul with the Nigerian Ports Economic Regulatory Agency Act, 2026, transforming the former Nigerian Shippers' Council into a powerful economic regulator with expanded authority over port operations, tariffs, and service standards. The Act introduces mandatory registration requirements for service providers and establishes a comprehensive framework for economic regulation, though questions remain about potential jurisdictional conflicts with existing...

In our February 3, 2020 article, we had written on the differences between a Mobile Money Operator (MMO) license, a Payment Service Bank (PSB) license and a Microfinance Bank (MFB) license.

Across the world, governments and private sector innovators are accelerating the shift from paper-based and PDF invoices to secure, structured and fully digital invoicing systems.

Withholding Tax (WHT) is an advance payment of income tax that is deductible at source on specific transactions. In simple terms, where Party A and B enter a transaction...

Kenya and Nigeria are formalizing their digital asset markets through Virtual Asset Service Provider (VASP) licensing frameworks. While both countries require regulatory approval for crypto operations, their licensing categories, capital requirements, and compliance expectations differ significantly. Understanding these distinctions is essential for fintech founders and financial institutions seeking to enter or expand in these African markets.

On December 9, 2020, the Central Bank of Nigeria (CBN) issued a circular, recategorizing Payments System licensing in Nigeria into four major categories: Switching and Processing...

There was, however, no unified document containing the requirements for each of these licensing categories.

The financial sector in Nigeria is comprised of banks and other financial institutions. These entities are primarily regulated by the Central Bank of Nigeria (CBN) to ensure the security...