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One of our clients, Kippa, has successfully obtained the Super Agents Licence from the Central Bank of Nigeria (“CBN”) to undertake agency banking business and better service its over 500,000 registered merchants in the country. Super-Agents are Fintech companies with the lowest capital requirement threshold (being …

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 …

Key Considerations in Setting up Finance & Fund Management Companies in Nigeria A market entry decision by entrepreneurs on the suitable corporate structure for their proposed business venture is not always an easy exercise especially in Nigeria where the regulatory framework for doing business is …

Generally, gaming business in Nigeria is regulated by both the Federal Government of Nigeria and the Government of the State where the gaming business is located. The only exception is the Federal Capital Territory (FCT) Abuja which is under the administration of the Federal Government …

Who can apply for a gaming License in Rivers State? Gaming business in Nigeria is regulated by both the Federal Government of Nigeria and the Government of the State where the gaming business is located. The only exception is the Federal Capital Territory (FCT) Abuja …

1. What is a Super-Agent Company? Super-Agents are Fintech companies with the lowest capital requirement threshold (being N50 Million) in the payment ecosystem in Nigeria. A super-agent company is a business incorporated in Nigeria and licensed by the Central Bank of Nigeria (“CBN”) to undertake …

Micro-finance banks are fast growing credit companies in Nigeria with an edge of being deposit-taking institutions over and above the State-licensed money lending companies which are licensed only to lend money but not to process cash deposits from customers. According to the Nigerian Bureau of …

Gaming business has been active in Ghana since 1960. The number of gamers in Ghana including Casinos, Sports Betting and other Games of Chance spread across the country. The Covid-19 pandemic encouraged the use of technology to drive the industry and the Gaming Commission of …

The Application for registration of a Co-operative Society is processed at the Osun State Ministry of Commerce, Industry, Cooperatives and Empowerment (“licensing authority”). Please note that a Co-operative Society may be incorporated as a private limited liability company with share capital by the Corporate Affairs …