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INTRODUCTION Agriculture is a business, a wealth creating sector. It is estimated that Africa may spend close to $110 Billion importing food unless food production is prioritized. According to Statista, Nigeria has vast potentials for thriving agricultural business with an arable land area of 34 …

INTRODUCTION Digital lending in Kenya is not only growing but also becoming highly regulated as the Kenyan Government is taking a very strong stance on regulatory compliance and consumer protection matters. Not only are money lenders now required to be registered and licensed (which is …

The data on fintech payment released by the Nigeria Inter-Bank Settlement Systems (“NIBSS”) has revealed that payment transactions worth N33.2 trillion were performed electronically in August through the NIBSS Instant Payment platform (NIP). This brings the total value of e-payment deals in the last 8 months to N238.7 trillion! …

Introduction Digital lending is on a steady rise in Nigeria and has potentially risen to N1.7 trillion as at December 2021 following the adverse effect of Covid-19 pandemic, the rising interest rates, inflation and unemployment rates. However, the regulatory framework for digital lending in Nigeria …

Just like other States of Nigeria and the Federal Capital Territory, Abuja, a Money Lender’s Licence can be obtained in Rivers State. Unlike Lagos giochi carte spider State, where the procedure for Money Lender’s license is quite bureaucratic and very formal, the procedure in Rivers …

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

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 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 …

Introduction A Micro Finance Bank (“MFB”) is a subsector company in the financial industry licensed by the Central Bank of Nigeria (“CBN”) to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer and non-financial services to individuals …

Section A: Preliminary Points on PSSP Licence in Nigeria As digital payment transactions continue to rise in Nigeria, interested investors  need to know what licence is suitable for their business model and the requirements for getting regulatory approval to enter the Africa’s most populous country …