BY SEUN TIMI-KOLEOLU AND QASIM OGUNJIMI DOWNLOAD PUBLICATION Introduction “Importers of all the 43 items previously restricted by the 2015 Circular referenced TED/FEM/FPC/GEN/01/010 and its addendums are now allowed to purchase foreign exchange in the Nigerian Foreign Exchange Market.” – CBN Press Release In its pursuit of bolstering liquidity and stability within the foreign exchange […]
BY SEUN TIMI-KOLEOLU AND SHARON OKPO DOWNLOAD PUBLICATION INTRODUCTION In spite of the rapid growth in the financial sector in Nigeria with various Fintechs providing more accessible and efficient services, the credit system in Nigeria is still very under-developed. Nigeria’s poor credit system adversely affects the growth of the economy and the people’s standard of […]
BY ADERONKE ALEX-ADEDIPE AND QASIM OGUNJIMI DOWNLOAD PUBLICATION INTRODUCTION Financing is a key tool for the sustainability and growth of any Small and Medium-sized Enterprises (SMEs) and accessing the right kind of financing tailored to the SME’s needs is of vital importance. In today’s competitive business landscape, one size does not fit all when it […]
BY SEUN TIMI-KOLEOLU AND NURATULAHI YISHAWU DOWNLOAD PUBLICATION INTRODUCTION In our previous newsletter, we discussed the provisions of the Central Bank of Nigeria’s Guidance on Ultimate Beneficial Ownership which was released following the imminent threat of Nigeria being grey-listed for not properly combating money laundering and terrorist financing. Taking a further step towards accountability and […]
MERGER AND ACQUISITION CONTROLS; DEMYSTIFYING THE REGULATORY TERRAIN IN NIGERIA. BY ADERONKE ALEX-ADEDIPE AND SHARON OKPO DOWNLOAD PUBLICATION INTRODUCTION The spotlight has been cast on Nigeria’s merger and acquisition scene since 2021, owing largely to the increase of mergers and acquisitions (M&A) deals and increased activities by regulators to enforce compliance with established merger controls […]
MVNOs IN NIGERIA: KEY CONTRACTING TERMS FOR SUSTAINABLE PARTNERSHIPS BY SEUN TIMI-KOLEOLU AND QASIM OGUNJIMI DOWNLOAD PUBLICATION INTRODUCTION Further to the issuance of the License Framework for the Establishment of Mobile Virtual Network Operators (MVNOs) (the “Framework”) in Nigeria by the Nigerian Communications Commission (the “Commission”), the Commission recently announced the allocation of 25 licences […]
By Aderonke Alex-Adedipe and Nuratulahi Yishawu DOWNLOAD PUBLICATION Introduction Commencing a business in Nigeria can be a promising venture, given the country’s large population, growing economy, and various business opportunities. Like any other country, however, Nigeria has its own unique set of regulations and hurdles which entrepreneurs must navigate. Operating a business in Nigeria involves […]
REGULATORY UPDATE: CENTRAL BANK OF NIGERIA’S OPERATIONAL MECHANISM FOR BUREAU DE CHANGE OPERATIONS IN NIGERIA- A NOTE TO BDCs BY ADERONKE ALEX-ADEDIPE AND QASIM OGUNJIMI DOWNLOAD PUBLICATION INTRODUCTION The evolving landscape of the Nigerian foreign exchange market has prompted the Central Bank of Nigeria (“CBN”) to take decisive steps to bolster its efficiency. In line […]
THE REGULATION OF BLOCKCHAIN TECHNOLOGY IN NIGERIA- GUIDANCE FOR BUSINESSES BY SEUN TIMI-KOLEOLU AND SHARON OKPO DOWNLOAD PUBLICATION INTRODUCTION In our previous publication we discussed Nigeria’s digital future in light of the Draft Blockchain Adoption Strategy (“Strategy”) formulated by the government of the Federal Republic of Nigeria in conjunction with the Nigerian Information Technology Development […]
By Seun Timi-Koleolu and Nuratulahi Yishawu DOWNLOAD PUBLICATION Nigeria often hailed as the “Giant of Africa,” faces challenges when it comes to energy production and consumption, similar to other countries. On one hand, it is blessed with abundant natural resources which have traditionally been the backbone of its energy sector. However, overdependence on fossil fuels […]