Tag: #CBN

The General Application and Implementation Directive 2025 (GAID 2025) was issued under the Nigeria Data Protection Act, 2023 (the NDP Act). The Directive came into force on 20 March 2025 and became fully effective on 19 September 2025. The purpose of the GAID is simple, …

FINANCIAL SERVICE COMPANY IN RWANDA FOR SALE!!! A Non-Deposit Taking Financial Service Provider (Money Lending Company), operating with Provisional Approval from the National Bank of Rwanda, is currently available for acquisition.This entity offers a structured framework, regulatory alignment, and a strong foundation for investors seeking …

As Nigeria’s financial services landscape continues to evolve, regulatory compliance remains a cornerstone for sustainable operations. In line with this, moneylenders and digital lending platforms across the country are reminded of the mandatory annual renewal of their operational licences, a requirement that has become increasingly standardised across most states in Nigeria.  The …

The Gambling Control Act, 2025 (Act No. 14 of 2025) (“the Act”) was signed into law on 7 August 2025 and took effect on 20 August 2025. It replaces the Betting, Lotteries and Gaming Act (Cap. 131). This new law creates an updated system for regulating gambling …

The National Environmental Standards and Regulations Enforcement Agency (“NESREA”) is the federal body responsible for ensuring that companies carry out their operations cleanly in a way that does not harm the environment. Whether a company is running a small recycling company, a factory, or even …

Microfinance Banks (“MFBs”) plays a significant role in promoting financial inclusion by extending credit, and delivering essential banking services to low-income individuals, small businesses, and the informal economies. For investors who are passionate about financial inclusion, the process of obtaining the operational licence for MFBs …

As digital transformation sweeps across Africa’s financial sector, Ghana has taken a bold step to regulate and formalise online lending. With the rise of mobile technology and fintech innovation, access to credit has become less complex. Recognising the need for structure, the Bank of Ghana …

Individuals and small businesses. But with great growth comes great responsibility. To build a sustainable and trusted ecosystem, digital lenders must put people first and embed responsible practices at every step of the way. Below are what digital lending business must ensure in their operations: …

INTRODUCTION Public online lottery is any lottery based on random number selections within a given range for a prize (cash or kind) that are open to members of the public and are not restricted to membership of any society, religious group, association or social group. …

1. Introduction The financial sector in Tanzania, particularly the micro lending subsector is experiencing tremendious growth with the rise of online or digital loan services through mobile applications. The tremendous growth in the Tanzanian digital lending space is driven by the opportunities created by technological …