The Petroleum Industry Act, 2021 – Goldsmiths Solicitors PIA Series 1
The Petroleum Industry Act (the PIA) was signed into law by Nigerian President, Muhammadu Buhari on 16 August 2021. Before its passage into law, it was a Bill pending for…
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…
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…
Before You Set Up That Fintech Company: Regulatory Requirements to Be Aware of in Nigeria
In this Article, we shall identify what a FinTech Company is, the Regulatory bodies that control and regulate the FinTech sector in Nigeria and regulatory requirements for FinTech Companies in…