In exercise of its powers under the Central Bank of Nigeria Act, (“CBN”) issued the Guidelines for Licensing and Regulation of Payments Service Holding Companies in Nigeria (the “Guidelines”). This is a follow up to the approved new licence categorizations for participants in the payments system, issued by the CBN on 24 May 2021 which …
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CONDUCTING PROPERTY DUE DILIGENCE IN LAGOS STATE: WHAT YOU MUST KNOW!
Sometimes, people go into business transactions without understanding both the market and the underlying issues which should be considered before proceeding with such transactions. Sadly, such ignorant or negligent steps always attract tears and disappointments, and even worse than any other thing are the strained relationship between business partners and loss of investments. The Nigerian …
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EQUALITY AND FREEDOM OF CONTRACTING PARTIES IN THE NIGERIA PROFESSIONAL FOOTBALL LEAGUE: A MIRAGE
It started as a quiet agitation. Today, the Nigerian league has blossomed into a somewhat unimaginable proportion. From the modest number of eight pioneering club sides in 1972, all featuring in a single division, the league has grown in stature and importance. Parading One Hundred and Three (103) club sides of Three Thousand Five Hundred …
CBN CONSOLIDATED REQUIREMENTS FOR OBTAINING LICENCES FOR FINTECHS IN NIGERIA
On the 24th day of May 2021, the Central Bank of Nigeria (“CBN”) issued a circular which consolidated the requirements for obtaining licences for payments system services in Nigeria (the “New Regime”). Prior to the issuance of the New Regime, the CBN had in December 2020 issued a circular which categorized payment systems licences into …
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