Tag: micro-credit

There are two government agencies vested with the power to grant export licenses in Nigeria. They are: The Nigeria Export Promotion Council (NEPC) which is saddled with the responsibility of issuing out export license for agricultural commodities & manufactured goods and the Federal Ministry of …

By virtue of section 20 of NIPC Act, enterprises in which foreign participation is permitted, is to apply for business registration with the Nigerian Investment and Promotion Commission. What are the Documents Required for this Registration? To apply for NIPC Business Registration Certificate, the following …

Establishing a construction consulting firm in Nigeria offers significant potential in a rapidly developing infrastructure landscape. These firms play a vital role in the planning, design, and execution of construction projects by offering specialized expertise in areas such as design, project management, feasibility analysis, budgeting, …

In recent years, there has been an increase in digital economy innovations: in health care, communications, manufacturing, engineering etc. It is only normal that individuals and companies join in in a bid to contribute their quota and benefit from an ever-booming market. There are various …

The Banking and Financial Services Act (BFSA), 1994, gives the Bank of Zambia the authority to license, regulate and supervise banks and other financial institutions registered under the referred Act. There are mainly two categories of non-bank financial institutions: Deposit Financial Institution: These institutions are …

The Central Bank of Nigeria (“CBN”) has released new directives that will fundamentally reshape how Point of Sale (“PoS”) agents and payment providers operate across the country. The regulator is moving to tighten oversight by mandating the geo-tagging of all POS terminals, restricting their use …

The sale of motor vehicles (Motor cars, Vans, Jeeps, Tractors, Lorries, Bulldozers, Tippers, Trailers buses, Mopeds, Motorcycles) and their spare parts is a lucrative business in Nigeria. Given that motor vehicles are essential, serving nearly everyone directly or indirectly, regulation of this sector is crucial. …

Introduction The gap created by underbanked communities has allowed digital lenders to rise in Nigeria and other parts of Africa. The difficulty of obtaining loans from commercial banks has forced the need to bypass traditional lending infrastructure and encouraged the growth of digital lenders. Digital …

Nigeria’s economy relies heavily on imports and has significant growth potential, necessitating a renewed emphasis on infrastructural development. Due to the extensive nature of the maritime sector, both local and foreign operators need to coordinate their efforts and resources to engage with the government in …

All digital loan companies’ licences in Lagos State must renew their licence as same is deemed to have expired by 31st of December 2024. Effective from 1st January 2025, digital lenders must reapply to to their respective licensing authorities for the renewal of their operational …