Author: admin

Unlike Lagos State, where the procedure for Money Lender’s license is quite bureaucratic and very formal, the procedure in Edo State is less formal and seamless for Applicants. Also, the timeline for completion of the process in Edo State is short. We have provided some …

As the world slides into globalization, Africa is open and ready for business. Ghana remains one of the attractive destinations for foreign investors. In this article we will be looking at step by step guide on registering a company limited by shares in Ghana. Please …

IS THERE A SPECIAL LICENCE FOR A MONEY LENDER COMPANY IN GHANA? Yes. No person shall carry on the business of micro lending or finance business in anywhere within Ghana unless the Bank of Ghana licenses it to do so. Ghana is becoming a destination …

1. Introduction Sports betting is the gaming activity of predicting sports results and placing a wager on the outcome. With the advancement of technology in Nigeria, sports betting services are now available online or through multiple technology-enabled distribution channels. A  2020 Investigation by the News Agency of Nigeria …

1. Introduction Oyo State is a Southwestern State in Nigeria with about 28,454 square kilometers and the 5th most populous State in Nigeria with estimated population of over 10,000,000. Oyo State is bordered to the north by Kwara State, to the east by Osun State, …

1. Introduction The licensing of a money lender company in Oyo State is one of the functions of the Ministry of Trade, Investment and Cooperatives (“Ministry”) of the Oyo State Government. The Ministry would issue a moneylender company a professional/business premises registration certificate, which serves …

In the course of our engagement with clients, we have documented some of the frequently asked questions on money lender licensing process in Nigeria, which we consider can be a useful guide for any interested investors in the country’s consumer lending sector. Below are our …

An Investment Company or Corporate Investment Adviser or Investment Advisory Company is a company that provides advisory services relating to investment or securities for a fee. In Nigeria, the Securities and Exchange Commission (“SEC”) is the regulator vested with the licensing and regulatory supervision over …

The Nigeria’s consumer lending is currently valued at about N1.74 trillion, according to Euromonitor International, and it is expected to double by 2026. Naturally, Nigeria is a viable place to do business. As investors are expanding into the money lending business in Nigeria, they may …

Introduction The Money Lending business in Nigeria has witnessed a paradigm shift particularly in the way money lenders do their business. Moreso, is the aggressive campaign by the Federal Competition Consumer Protection Commission (“FCCPC”) in collaboration with other law enforcement agencies to bring sanity into …