On 26th August 2022, the Federal Competition and Consumer Protection Commission (“FCCPC”) issued the “Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending 2022” (the “Guideline”). It was, indeed, issued pursuant to the powers of the FCCPC under sections 17, 18, and 163 of the Federal Competition and Consumer Protection Act, 2018 (“FCCPA”) – that …
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HIGHLIGHTS OF THE CBN GUIDELINES FOR LICENSING AND REGULATION OF PAYMENTS SERVICE HOLDING COMPANIES IN NIGERIA
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 …