Tag: Finance company Koriat lawyers Koriat and co

Introduction With the growth of e-commerce business comes the use of courier and logistics companies which facilitate the delivery of goods between sellers and buyers. A courier and logistics company offers delivery services to the public members and the categories of goods and population served …

The Federal Competition and Consumer Protection Commission (FCCPC) has announced the extension of the deadline for the compulsory registration of online money lenders in Nigeria. The FCCPC has recently focused on the activities of digital lenders in Nigeria especially the illegal lenders, over allegations of …

The Federal Competition and Consumer Protection Commission (“FCCPC”) has in the exercise of its powers under its enabling law, ventured into the regulation of digital lending business in Nigeria. Recently, in exercise of the powers conferred upon it by sections 17, 18 and 163 of …

1          Can a business be registered as a Limited Liability Partnership in Nigeria? Yes. The introduction of Limited Partnership (“LP”) and Limited Liability Partnership (“LLP”) is one of the fundamental watersheds that the Companies and Allied Matters Act 2020 (“CAMA”) has afforded the investors community …

Introduction Nigeria has about 220 Million population with about 210 Million active mobile phone users, according to the Nigerian Communications Commission, and by 2050, the nation’s population is estimated to rise to 400 Million. As of June 2022, Nigeria hit 44.30% of broadband penetration with …

INTRODUCTION Agriculture is a business, a wealth creating sector. It is estimated that Africa may spend close to $110 Billion importing food unless food production is prioritized. According to Statista, Nigeria has vast potentials for thriving agricultural business with an arable land area of 34 …

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! …

Key Considerations in Setting up Finance & Fund Management Companies in Nigeria A market entry decision by entrepreneurs on the suitable corporate structure for their proposed business venture is not always an easy exercise especially in Nigeria where the regulatory framework for doing business is …

Unlike Lagos State, where the procedure for Money Lender’s license is quite bureaucratic and very formal, the procedure in Edo State is less formal and seamless for Applicants. Also, the timeline for completion of the process in Edo State is short. We have provided some …

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 …