Category: Publications

Introduction Consumer lending is a viable business in almost all parts of Nigeria in view of the large population of over 200 Million people (majority of which are young people), the technological infrastructure and enabling regulatory environment. Anambra State is among the top five (5) …

1. Introduction The global pandemic of 2020 introduced the world to the increasing importance of digital banking and other online financial services. Thereafter, experts projected that digital banking users will rise to 3.6 Billion globally. Nigeria, for instance, recorded 3.7 Billion real-time transactions 2021, ranking …

In the world of work, the interests of employees and their employers’ business always clash. Employers have responsibility to protect the business against employees’ misconduct. One sure way to do that is by suspension. However, suspension is a double-edged sword. It can save the business when …

Real estate is a viable business sector in Nigeria largely because of the enabling regulatory environment, large expanse of land and huge deficit in housing development vis-a-vis the population of the nation (about 20 million housing units as at October 2021). According to This Day …

WHAT IS PENSION? According to the Nigerian Pension Reform Act, pension is a minimum percentage of an employee’s salary required by law to be paid into a contributory pension scheme by both employer and employee for the benefit of the employee during the employment relationship. …

The Federal Competition and Consumer Protection Commission (FCCPC) has approved the operations of three (3) of our clients and 91 other companies as digital money lenders in Nigeria. Recently, the FCCPC came up with the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending for the …

According to the records of the Nigeria Inter-Bank Settlement System Plc (“NIBSS”) as of July 2021, there are 986,252 registered PoS terminals in Nigeria. But the total number of deployed PoS terminals as of January 2023 was 955,234. Although unconfirmed report shows that there are over …

Information technology has greatly improved not only the means of disseminating information but has also galvanized innovations in the ways products and services are delivered in the financial service industry. For instance, a new crop of business has emerged in the insurance sector acting as …

The meetings of every company in Nigeria are a matter of law, the Company and Allied Matters Act 2020 (“CAMA”). All directors and shareholders of a company need to be abreast of their obligations in terms of the mandatory meetings that a company must hold …

The Central Bank of Nigeria (“CBN”) has issued our Client, LibertyPay Limited, a fintech company in Nigeria, a Payment Solutions Service Licence to operate agency banking business in the country. Super-Agents are Fintech companies with the lowest capital requirement threshold (being N50 Million) in the …