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The Central Bank of Nigeria (“CBN”) has granted an Approval-In-Principle (“AIP“) to Appglobal Technologies Limited, a fintech company in Nigeria, to operate three types of payment services or businesses under the Payment Solutions Service Licence Category. The CBN is the apex regulator of the Nigeria’s …

Lagos is the economic hub of Nigeria with over 20 million people with proximity to the Atlantic Ocean and attracting a huge surge of in human movement from various parts of the world to Lagos State. Lagos State has identified the need for ride-hailing car …

The hallmark of trademark is a grant of certain right(s) to proprietors of a given product or band in the market to the exclusion of other competitors from making use of a sign, symbol or slogan with which the product is identified. Distinctiveness is the …

Can a foreigner fully own a company in Nigeria? Yes. Foreigners are now free to set up and fully own a company in Nigeria in several sectors of business with zero or minimal restrictions except for those businesses on the Negative List. Except for some …

The Nigerian financial services sector is highly regulated with a gamut of legislative and other subsidiary legislations binding operators. The Central Bank of Nigeria (“CBN”) is the apex bank and main regulator for licencing and supervising financial services companies including Fintech businesses. In Nigeria, no …

Trademark, in a simple term, is a word, symbol, device, or any combination used to identify a particular product thereby distinguishing it from other products. It confers a legal right on the holder and prohibits others from making use of that particular word or symbol …

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 …