By 31st of December 2023, all existing loan companies’ licences in Nigeria will expire and all loan companies doing business in the country must reapply to to their respective licensing authorities for renewal of their operational licences, amongst other regulatory compliance obligations that they must fulfill if they must remain in operation next year 2024. The procedure for renewal of a money lender licence is similar to that of fresh application for the licence. There are, however, slight differences in the requirements for a licence renewal application which must be observed carefully to avoid undue delays or potential refusal of … Continue reading RENEWAL OF LICENCE FOR LOAN COMPANIES