Entries by Pavestones Newsletters

NIGERIA TRADE REGULATORY UPDATE: NATIONAL SINGLE WINDOW PLATFORM LAUNCH AND IMPORT RESTRICTIONS

March 6, 2026 in /by

By Seun Timi-Koleolu and Omodele Fatodu Introduction Nigeria’s trade regulatory landscape has recently seen developments aimed at improving trade administration and strengthening import controls. In particular, the Federal Government has announced the launch of the National Single Window Platform (the “Platform”), a digital system designed to streamline import and export processes, while also announcing a […]

HIGHER CAPITAL THRESHOLDS AND NEW VASP LICENCES: KEY TAKEAWAYS FROM THE NIGERIAN SECURITIES AND EXCHANGE COMMISSION’S JANUARY 2026 CIRCULAR

January 30, 2026 in /by

BY ADERONKE ALEX-ADEDIPE AND OMODELE FATODU Introduction In January 2026, the Nigerian Securities and Exchange Commission (the “Commission”)  issued a circular that significantly increased the minimum capital requirements for Capital Market Operators (CMOs). The Commission has highlighted that these changes are intended to strengthen market resilience, protect investors, ensure capital adequacy reflects the risks of […]

FOREIGN CURRENCY DISCLOSURE, DEPOSIT, REPATRIATION, AND INVESTMENT SCHEME: CENTRAL BANK OF NIGERIA IMPLEMENTATION GUIDELINES

November 15, 2024 /1 Comment/in /by

By Aderonke Alex-Adedipe and Olawale Atanda Download Publication   Introduction On November 5, 2024, the Central Bank of Nigeria (CBN) released its Implementation Guidelines on the Foreign Currency Disclosure, Repatriation, and Investment Scheme (the “Guidelines”). These Guidelines complement the Foreign Currency Disclosure, Deposit, Repatriation, and Investment Scheme Guidelines, 2024 (the “Scheme”), issued by the Minister […]

BUILDING SUSTAINABLE BUSINESSES IN NIGERIA: A LOOK AT ESG POLICIES

October 25, 2024 in /by

By Seun Timi-Koleolu and Olawale Atanda Download Publication   Introduction Businesses continuously seek to balance profit-making with ethical standards. One effective approach to achieving this is by integrating sustainable and responsible practices into their operations. As a result, investors, particularly Venture Capital firms and institutional investors, are increasingly focused on responsible investing—choosing businesses that uphold […]

CENTRAL BANK OF NIGERIA: MONETARY, CREDIT, FOREIGN TRADE AND EXCHANGE POLICY GUIDELINES (2024/2025)

September 20, 2024 in /by

Download Publication By Aderonke Alex-Adedipe and Olawale Atanda    Introduction The Central Bank of Nigeria (the “CBN”) recently issued its Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for the fiscal years 2024 and 2025 (the “Policy Guidelines”) which outline the CBN’s objectives for the financial system and the regulations applicable to Banks and other […]

ANALYSIS OF NIGERIA’s NATIONAL ARTIFICIAL INTELLIGENCE STRATEGY

August 16, 2024 in /by

By Seun Timi-Koleolu and Olawale Atanda Download Publication   Introduction In August 2024, the Federal Ministry of Communications, Innovation and Digital Economy released the draft of Nigeria’s first National Artificial Intelligence Strategy (NAIS). The NAIS was co-created by the National Centre for Artificial Intelligence and Robotics (NCAIR) and the National Information Technology Development Agency (NITDA) […]

INSIGHTS INTO THE SEC ACCELERATED REGULATORY INCUBATION PROGRAM FRAMEWORK

July 12, 2024 in /by

Download Publication By Aderonke Alex-Adedipe and Olawale Atanda   Introduction  The Securities and Exchange Commission (SEC) on June 28 2024, released the Framework on Accelerated Regulatory Incubation Program (ARIP) for the onboarding of Virtual Assets Service Providers (VASPs) and other Digital Investments Service Providers (DISPs). The ARIP Framework (the “Framework”) aims to streamline the onboarding […]

KEY REGULATORY CONSIDERATIONS FOR OPERATING A MONEY LENDING BUSINESS IN NIGERIA

June 15, 2024 in /by

By Aderonke Alex-Adedipe and Sharon Okpo DOWNLOAD PUBLICATION Introduction Money Lending in Nigeria has evolved from traditional banking to a more flexible and technology-driven system which accommodates FinTechs and other digital companies, and has allowed for more convenience, speed, and efficiency. Following the evolution of money lending in Nigeria, there grew the need to regulate […]

AVOIDING CORPORATE MISSTEPS: KEY QUESTIONS ANSWERED FROM THE REVOCATION OF THE HERITAGE BANKING LICENSE

June 7, 2024 in /by

By Seun Timi-Koleolu and Olawale Atanda Download Publication Introduction On June 3, 2024, the Central Bank of Nigeria (CBN) revoked the banking license of Heritage Bank PLC. According to the CBN, this decision was taken in accordance with its mandate to promote a sound financial system in Nigeria and in exercise of its powers under […]

HOW TO CONVERT YOUR DEBT FINANCING TO EQUITY INVESTMENTS IN NIGERIA

April 26, 2024 in /by

BY SEUN TIMI-KOLEOLU AND SHARON OKPO DOWNLOAD PUBLICATION INTRODUCTION In light of recent economic realities, many companies have found it difficult to repay their debts. In order to manage this situation, companies have considered, and some have taken steps towards relieving themselves of this liability, one of which is initiating a debt conversion arrangement. This […]