Tag: Business licence

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! …

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 …

Micro-finance banks are fast growing credit companies in Nigeria with an edge of being deposit-taking institutions over and above the State-licensed money lending companies which are licensed only to lend money but not to process cash deposits from customers. According to the Nigerian Bureau of …

The Application for registration of a Co-operative Society is processed at the Osun State Ministry of Commerce, Industry, Cooperatives and Empowerment (“licensing authority”). Please note that a Co-operative Society may be incorporated as a private limited liability company with share capital by the Corporate Affairs …

As the world slides into globalization, Africa is open and ready for business. Ghana remains one of the attractive destinations for foreign investors. In this article we will be looking at step by step guide on registering a company limited by shares in Ghana. Please …

In the course of our engagement with clients, we have documented some of the frequently asked questions on money lender licensing process in Nigeria, which we consider can be a useful guide for any interested investors in the country’s consumer lending sector. Below are our …

Introduction A Micro Finance Bank (“MFB”) is a subsector company in the financial industry licensed by the Central Bank of Nigeria (“CBN”) to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer and non-financial services to individuals …

KEY NOTES ON HOW TO SET UP A MONEY LENDER COMPANY IN NIGERIA Introduction From our experience in advising and assisting clients with business registration and licensing in Nigeria, money lender business is fast becoming very popular and widely embraced as an alternative solution to …

Why does a business require an MMO licence? Every technology solution service provider, in whatever sector, is most likely interested in how to reduce stress for customer’s subscription and payment through digital channels. One of the notable features of most online platforms is the provision …

Employee Due Diligence is an investigation by an Employer to identify any risks, screen or scrutinize hired staff’s or potential employee’s history in order to prevent any financial, reputational or other risks to the company. It must be appreciated that employees and prospective employees can …