Tag: Finance company Koriat lawyers Koriat and co

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 …

The sale of motor vehicles (Motor cars, Vans, Jeeps, Tractors, Lorries, Bulldozers, Tippers, Trailers buses, Mopeds, Motorcycles) and their spare parts is a lucrative business in Nigeria. Given that motor vehicles are essential, serving nearly everyone directly or indirectly, regulation of this sector is crucial. …

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 …

The Lagos State Government has stepped up its game on the licensing and regulation of lottery and gaming activities within its territory following the recent Supreme Court’s decision in Attorney-General of Lagos v. Attorney-General of the Federation & Ors. (2025) 5 NWLR (Pt. 1984) 43, …

Nigeria’s economy relies heavily on imports and has significant growth potential, necessitating a renewed emphasis on infrastructural development. Due to the extensive nature of the maritime sector, both local and foreign operators need to coordinate their efforts and resources to engage with the government in …

1. What does the “Corporate Veil” mean? The question of who to sue when a business entity commits a wrong is one of the threshold questions that a Nigerian lawyer to an aggrieved person must answer before filing a claim in a Nigerian court. The …

All digital loan companies’ licences in Lagos State must renew their licence as same is deemed to have expired by 31st of December 2024. Effective from 1st January 2025, digital lenders must reapply to to their respective licensing authorities for the renewal of their operational …

A charitable organization or non-governmental organisation (“NGO”) can be registered in Nigeria as either a Company Limited by Guarantee (“Ltd/Gte”) or an Incorporated Trustee (“IT”) depending on the intentions of its promoters and the intended scope of operations. The registration of business entities and NGOs …

Can a foreigner fully own a company in Nigeria? Yes. Foreigners are now free to set up and fully own a company in Nigeria in several sectors of business with zero or minimal restrictions except for those businesses on the Negative List. Except for some …

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 …