SEC REGULATION ON DIGITAL ASSETS IN NIGERIA
Post

SEC REGULATION ON DIGITAL ASSETS IN NIGERIA

Introduction The Securities and Exchange Commission (SEC) is the primary regulatory agency in the capital market in Nigeria. Before now, the common form of securities we were aware of were stocks, bonds, mutual funds, and Exchange Traded Funds (ETFs). However, with the evolution of blockchain and cryptocurrency transactions, most Nigerians are now investing in digital...

HOW TO OBTAIN A PAYMENT SERVICE BANK (PSB) LICENSE FROM THE CBN
Post

HOW TO OBTAIN A PAYMENT SERVICE BANK (PSB) LICENSE FROM THE CBN

In other to enhance financial inclusion by increasing access to deposit and payment/remittance services to small businesses, low-income households and other financially excluded entities through high-volume/ low-value transactions in a secured technology-driven environment, the CBN in 2020 issued a guideline for PSBs in Nigeria (“the GUIDELINES”) spelling out the licensing requirements, mode of operation/business rules...

CBN MOBILE MONEY LICENSE REQUIREMENTS
Post

CBN MOBILE MONEY LICENSE REQUIREMENTS

There is no doubt in our minds that the advent of mobile phones has opened consumers up to immense possibilities. From communications to financial transactions, our mobile phones has become a powerful device. To exploit the inherent benefits associated with mobile devices especially in the area of financial transactions, companies such as Paga, MTN’s MOMO,...