Tag: #Financecompany #CBN #Koriatlawyers #Koriatandco #SMELawyers #Businesslawyers #microfinancelawyers

Hospitality business is a flourishing business globally. According to PwC, Nigeria is one of the fastest growing hospitality markets with about 20% increase in 2018 and a projection of 12% compound annual increase in the hotel market in five years after 2018. Lagos is the …

This article highlights, in a question-and-answer format, the purpose of International Money Transfer Operator (“IMTO”) licence for inbound cross-border payment services including the requirements, costs and procedures that a potential investor in the sub-sector in Nigeria will undertake in order to incorporate and get the …

Our clients, Fezotech Nigeria Limited and Moblaspay Limited have received full approval of the Federal Competition and Consumer Protection Commission (“FCCPC”) as digital money lending companies in Nigeria. The FCCPC approval is based on full compliance with the Limited Interim Regulatory/Registration Framework and Guidelines for …

Introduction Consumer lending is a viable business in almost all parts of Nigeria in view of the large population of over 200 Million people (majority of which are young people), the technological infrastructure and enabling regulatory environment. Anambra State is among the top five (5) …

1. Introduction The global pandemic of 2020 introduced the world to the increasing importance of digital banking and other online financial services. Thereafter, experts projected that digital banking users will rise to 3.6 Billion globally. Nigeria, for instance, recorded 3.7 Billion real-time transactions 2021, ranking …

Information technology has greatly improved not only the means of disseminating information but has also galvanized innovations in the ways products and services are delivered in the financial service industry. For instance, a new crop of business has emerged in the insurance sector acting as …

The Central Bank of Nigeria (“CBN”) has issued our Client, LibertyPay Limited, a fintech company in Nigeria, a Payment Solutions Service Licence to operate agency banking business in the country. Super-Agents are Fintech companies with the lowest capital requirement threshold (being N50 Million) in the …

There is major development on the Corporate Affair Commission (“CAC”) online portal which sets a new tune in the registration of companies in Nigeria. The CAC portal is now linked with the National Identity Management Commission (“NIMC”) portal to enforce the use of the National …

Introduction As you commence your entrepreneurship journey into the year 2023, we thought it would be helpful to highlight some of the small and medium businesses in Nigeria which, in our view, have topmost potentials. We have compiled the list based on the frequency of …

Introduction In Rwanda, Non-Deposit Taking Lending Financial Institutions (NDFI) are legal entities that regularly and principally performs financial services in the form of non-deposit taking lending services or related financial services. Unlike other financial institutions such as Banks and micro finance institutions, they do not …