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Introduction Nigeria has about 220 Million population with about 210 Million active mobile phone users, according to the Nigerian Communications Commission, and by 2050, the nation’s population is estimated to rise to 400 Million. As of June 2022, Nigeria hit 44.30% of broadband penetration with …

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 …

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 …