The Nigerian financial services sector is highly regulated with a gamut of legislative and other subsidiary legislations binding operators. The Central Bank of Nigeria (“CBN”) is the apex bank and main regulator for licencing and supervising financial services companies including Fintech businesses. In Nigeria, no business can undertake a fintech operations unless duly licensed by the CBN. From our experience, the licensing procedure entails a long list of requirements, cash deposit with the CBN by promoters, due diligence on the promoters, directors and key management staff, and a fairly long timeline for completion (usually about to 6 months to 12 … Continue reading FOUR EASY WAYS INTO THE NIGERIAN FINTECH SPACE