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Introduction In a significant policy shift that is set to reshape Nigeria’s financial services landscape, financial institutions and payment ecosystem participants have been directed by the Central Bank of Nigeria (“CBN”) to ensure that all payment transaction data generated within Nigeria are stored and managed …

Licence renewal for Payment Service Providers (PSPs) and other Fintech companies is more than a routine regulatory requirement. It is a critical test of compliance, governance, and operational resilience. The Central Bank of Nigeria (CBN) uses the renewal process to assess the credibility and stability …

As part of African countries’ efforts to open the region to economic opportunities, Ghana has taken a bold step to formalise the regulatory framework for operating online lending business. The Bank of Ghana (BoG) last year introduced the Directive for Digital Credit Services Providers 2025, …

The Nigerian regulatory landscape continues to evolve rapidly. As the country deepens reforms across corporate governance, taxation, data protection, financial reporting, labour, and sector-specific licensing, businesses now face heightened regulatory scrutiny from regulators and more complex compliance burdens. Our prediction is that the enforcement climate …

The decision to wind up a company is a significant one, often marking the end of its corporate journey. In Nigeria, the winding up process is governed by the Companies and Allied Matters Act (CAMA) 2020, which provides a structured framework to ensure that a …

Nigeria’s capital market remains one of the most closely monitored sectors of the economy. Given the huge amount of public funds involved and the market risks associated with securities trading, the Securities and Exchange Commission (“SEC”) maintains very strict control with stipulated conditions on who may …

The General Application and Implementation Directive 2025 (GAID 2025) was issued under the Nigeria Data Protection Act, 2023 (the NDP Act). The Directive came into force on 20 March 2025 and became fully effective on 19 September 2025. The purpose of the GAID is simple, …

FINANCIAL SERVICE COMPANY IN RWANDA FOR SALE!!! A Non-Deposit Taking Financial Service Provider (Money Lending Company), operating with Provisional Approval from the National Bank of Rwanda, is currently available for acquisition.This entity offers a structured framework, regulatory alignment, and a strong foundation for investors seeking …

As Nigeria’s financial services landscape continues to evolve, regulatory compliance remains a cornerstone for sustainable operations. In line with this, moneylenders and digital lending platforms across the country are reminded of the mandatory annual renewal of their operational licences, a requirement that has become increasingly standardised across most states in Nigeria.  The …

The Gambling Control Act, 2025 (Act No. 14 of 2025) (“the Act”) was signed into law on 7 August 2025 and took effect on 20 August 2025. It replaces the Betting, Lotteries and Gaming Act (Cap. 131). This new law creates an updated system for regulating gambling …