Tag: #CBN

1. Introduction The financial sector in Tanzania, particularly the micro lending subsector is experiencing tremendious growth with the rise of online or digital loan services through mobile applications. The tremendous growth in the Tanzanian digital lending space is driven by the opportunities created by technological …

Introduction Debt is a common phenomenon in commercial transactions. Disputes arising from debt are just as common and frequent. While these disputes are sometimes easily resolved by the parties, other times they prove complicated or impossible so that a court action becomes warranted. The creditor …

There are two government agencies vested with the power to grant export licenses in Nigeria. They are: The Nigeria Export Promotion Council (NEPC) which is saddled with the responsibility of issuing out export license for agricultural commodities & manufactured goods and the Federal Ministry of …

By virtue of section 20 of NIPC Act, enterprises in which foreign participation is permitted, is to apply for business registration with the Nigerian Investment and Promotion Commission. What are the Documents Required for this Registration? To apply for NIPC Business Registration Certificate, the following …

Establishing a construction consulting firm in Nigeria offers significant potential in a rapidly developing infrastructure landscape. These firms play a vital role in the planning, design, and execution of construction projects by offering specialized expertise in areas such as design, project management, feasibility analysis, budgeting, …

Introduction On the 25th of July 2025, the Federal Competition and Consumer Protection Commission (FCCPC) welcomed a new era of regulation with the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025 (the Digital Lending Regulations). While these rules establish clear licensing, registration, and disclosure …

In recent years, there has been an increase in digital economy innovations: in health care, communications, manufacturing, engineering etc. It is only normal that individuals and companies join in in a bid to contribute their quota and benefit from an ever-booming market. There are various …

The Banking and Financial Services Act (BFSA), 1994, gives the Bank of Zambia the authority to license, regulate and supervise banks and other financial institutions registered under the referred Act. There are mainly two categories of non-bank financial institutions: Deposit Financial Institution: These institutions are …

Introduction In a landmark effort to sanitize Nigeria’s rapidly expanding digital lending ecosystem, the Federal Competition and Consumer Protection Commission (“FCCPC”) has, pursuant to its powers under sections 17, 18 and 163 of the Federal Competition and Consumer Protection Act 2018 (“FCCP Act”), introduced the …

Introduction The gap created by underbanked communities has allowed digital lenders to rise in Nigeria and other parts of Africa. The difficulty of obtaining loans from commercial banks has forced the need to bypass traditional lending infrastructure and encouraged the growth of digital lenders. Digital …