Licence renewal for Payment Service Providers (PSPs) and other Fintech companies is more than a routine regulatory requirement. It is a critical test of compliance, governance, and operational resilience. The Central Bank of Nigeria (CBN) uses the renewal process to assess the credibility and stability of licensed institutions. Unfortunately, many PSPs and Fintech companies in Nigeria experience delays or even outright rejection during licence renewal due to avoidable compliance mistakes. These mistakes do not merely slow down the licence renewal process, they also negatively affect the CBN’s rating of the company, trigger unnecessary regulatory scrutiny, and in severe cases, jeopardize … Continue reading AVOIDING REGULATORY PITFALLS: 10 COMMON COMPLIANCE MISTAKES THAT CAN DELAY CBN LICENCE RENEWAL FOR FINTECH COMPANIES IN NIGERIA