Tag: #CAC#CBNBUSINESS LICENCECOMPANY REGISTRATIONFINANCE COMPANY KORIAT LAWYERS KORIAT AND COLOAN AGREEMENTMICRO-CREDITMICROFINANCE LAWYERSMONEY LENDERSME LAWYERS BUSINESS LAWYERS

The Nigerian import and export market is one of the most attractive business section of the country’s trade industry. According to the National Bureau of Statistics, the Nigeria’s total trade stood at N11,722.44 billion of which total exports stood at N6,359.61 billion and total imports …

Any Nigerian company that has not filed its annual returns as and when due should be worried about being delisted by the Corporate Affairs Commission (“CAC”) in addition to other regulatory sanctions that may be imposed on its directors and shareholders. The CAC has published …

By 31st of December 2023, all existing loan companies’ licences in Nigeria will expire and all loan companies doing business in the country must reapply to to their respective licensing authorities for renewal of their operational licences, amongst other regulatory compliance obligations that they must …

How is a Loan Company regulated in Nigeria? A loan company, whether buy-now-pay-later (“BNPL”) or digital lender or cooperative society or whatever the design, is usually regarded as a money lender under a State’s Money Lenders Law in so far as it is providing micro …

Regulatory compliance is an integral part of business operations. Every Nigerian company must prioritize compliance and maintain ethical standards in all business operations to avoid legal troubles. Nigerian law provides for mandatory registrations and filing of periodic returns with certain regulatory agencies. The mandatory regulatory …

A banker-customer relationship is a special relationship that is founded on contract, governed by common law, equity and, in some limited respect, statutes such as Acts of the National Assembly, subsidiary legislations including several guidelines and circulars of the Central Bank of Nigeria. In providing …

Doing business in Nigeria is easy as the Federal Government of Nigeria has removed the bottlenecks to business registration, licensing and regulation. Generally, a limited liability company is the most common type of company for business undertakings in Nigeria. By virtue of section 18 of …

The long wait is over! The Central Bank of Nigeria (“CBN”) has announced, in its Press Release of 20th September 2023, the unveiling of a new digital platform for submission of microfinance bank (“MFB”) licence applications, known as the CBN Licensing, Approval and Other Requests …

Doing business in Nigeria is easy if business promoters are properly guided on the requirements for company incorporation, licensing procedures, applicable taxes and related costs. For example, as parts of the efforts of the Federal Government of Nigeria to promote investment opportunities, the Business Facilitation …

The Ministry of Home Affairs and Tourism (“Ministry”) of the Lagos State Government has renewed the operational licence for digital lending business for our client, Igho Finance Limited. This renewal of the digital lending licence is a confirmation of the company’s compliance with regulatory standards …