How a Foreigner can Register a Local Company in Nigeria
Nigeria operates a free-market economy and there are no restrictions on foreigners setting up companies in Nigeria. Subject to the laws of Nigeria, a foreign individual or entity can set…
Overview of the Central Bank of Nigeria Exposure Draft Guidelines for Credit Guarantee Companies in Nigeria
On 4 August 2021, the Central Bank of Nigeria (CBN) issued the Exposure Guidelines to regulate the activities of Credit Guarantee Companies (CGCs) in Nigeria. The Guidelines are expected to…
The New Central Bank of Nigeria Regulatory Framework and Guidelines for Mobile Money Services in Nigeria
On 9th July 2021, the Central Bank of Nigeria (CBN) released a single-document circular, setting out the framework and guidelines for the operations of Mobile Money Services in Nigeria (the Guidelines…
Requirements of the Central Bank of Nigeria (CBN) Guidelines for Shared Services Arrangements for Banks and Other Financial Institutions in Nigeria, 2021
On 26 May 2021, the CBN published its Guidelines for Shares Services Arrangements for Banks and other Financial Institutions in Nigeria (the Guidelines). These Guidelines come into effect on 1st June…
All you need to know about Nigerian Securities and Exchange Commission’s Regulatory Incubation Guidelines
On 16 June 2021, the Nigerian Securities and Exchange Commission (SEC) announced an imminent roll-out of an Incubation Programme called SEC Regulatory Incubation (RI) programme for FinTechs operating or seeking…
Goldsmiths Solicitors FinTech Webinar – Regulatory Conversations
On 30 June 2021, Goldsmiths Solicitors in collaboration with Afriwise, held the first of its Webinar series which examined the regulatory issues for FinTech to be aware of when doing…
A Summary of the Central Bank of Nigeria (CBN) Regulatory Framework for Non-Bank Acquiring in Nigeria
On 28th May 2021, the CBN issued a framework for non-bank acquiring in Nigeria. The framework sets out requirements for Participants and it is the primary regulation for non-bank acquiring in…