By Seun Timi-Koleolu and Feyijuwa Akinyanmi DOWNLOAD PUBLICATION Introduction On February 1, 2022, the primary regulator of insurers in Nigeria, the National Insurance Commission (“NAICOM”) issued the Insurance Web Aggregators Operational Guidelines (“Guidelines”), 2022. The Guidelines serve as a guide for the registration, supervision and monitoring of insurance web aggregators (“Web Aggregators”) in […]
By Aderonke Alex-Adedipe and Eustace Aroh Introduction The business of lending in Nigeria has evolved from the traditional system to a more flexible and digitally enabled system for a faster and more convenient process. This evolution has attracted extensive participation in the lending sector spurring the growth of the Nigeria Domestic Credit by 16.2% […]
By Seun Timi-Koleolu and Adedolapo Arisoyin DOWNLOAD PUBLICATION The Board of Directors (the “Board”) of a company play a crucial role in its success or failure; more often than not, successful companies are headed by effective Boards. The Board of a company is responsible for providing entrepreneurial and strategic leadership, and also serves […]
By Aderonke Alex-Adedipe and Feyijuwa Akinyanmi DOWNLOAD PUBLICATION Introduction Commercial Papers (“CPs”) have become a necessity for corporations in Nigeria when they experience scarcity of affordable working capital. In recent times, businesses are observed to favour CPs as a reliable source of short-term funding. According to reports, Nigerian corporations raised the sum of […]
By Seun Timi-Koleolu and Karo Isiorho DOWNLOAD PUBLICATION A survey conducted by Finder.com in 2021 revealed that Nigeria ranked 6th amongst 20 countries in the world that have adopted Non-Fungible Tokens (“NFTs”). The reason for this is not far-fetched. As a result of the continued devaluation of Naira, Nigerians are constantly on the lookout for […]
By Aderonke Alex-Adedipe and Adedolapo Arisoyin DOWNLOAD PUBLICATION Introduction On October 11, 2021, the Central Bank of Nigeria (CBN), issued the Guidelines on the Operations of Pan African Payments and Settlement System (“PAPSS”) in Nigeria (the “Guidelines”). The CBN issued these guidelines with the aim of fostering economic integration amongst African countries in tandem with […]
By Seun Timi-Koleolu and Eustace Aroh DOWNLOAD PUBLICATION Introduction In our newsletter titled “Regulatory Requirement for Fintech in Nigeria; CBN Licenses”, we analyzed the Central Bank of Nigeria (“CBN”) categorization of the Fintech licenses into four categories based on CBN circular dated December 9, 2020 (the “Circular”). In the Circular, the CBN indicated that operating […]
DOWNLOAD PUBLICATION By Aderonke Alex-Adedipe and Eustace Aroh Introduction In line with the tradition of the current administration, the Finance Bill 2021 (the “Bill”) was recently presented before the legislature for passage into law. Similar to its predecessors, the Bill proposes to amend twelve federal statutes in furtherance of the government’s objectives to foster the […]
DOWNLOAD PUBLICATION INTRODUCTION Funding of Startups globally hit an all-time high in 2021 with a total investment of approximately $454 billion recorded in just the 1st to 3rd quarter; as compared to investments recorded by Startups in 2020.1 In view of the crucial role VCs are playing in funding Startups, it is useful to know […]
By Aderonke Alex-Adedipe and Feyijuwa Akinyanmi DOWNLOAD PUBLICATION Introduction Startups are young technology driven companies with innovative ideas and solutions capable of changing the status quo in their respective industries. Majority of Startups do not survive beyond their first five years of inception for a number of reasons; some of which include the lack of […]