Newsletter on the CBN Draft Operational Guidelines for Open Banking in Nigeria

In February 2021, the Central Bank of Nigeria (CBN) released the Regulatory Framework for Open Banking in Nigeria (the Open Banking Framework) which establishes principles for data sharing across the banking and...

FAQs on the CBN Guidelines for Licensing and Regulating Payment Holding Companies 2021

In 2020, the Central Bank of Nigeria (CBN) published the CBN Circular on New Licence Categorisations for the Nigerian Payments System wherein it mandated financial technology companies desirous of operating switching and...
Payment System

Newsletter on the Categorisation for the Nigerian Payments System

In furtherance of the objective and commitment to promote a strong and credible payment system in Nigeria, the Central Bank of Nigeria (CBN) on 9 December 2020 published the Circular on New...

Tech Digest for April

Olaniwun Ajayi's Technology Innovation and Fintech Team presents its Tech News Highlights (Highlights) for the month of April. The Highlights contain a summary of major local and international developments in the Technology...

Regulatory Notice: The Securities and Exchange Commission is Accepting Applications for its Regulatory Incubation...

The Securities and Exchange Commission (SEC) has invited applications from the public for the first cohort of its Regulatory Incubation Program (Program). The Program is designed for entities offering a novel type...

New Approved License Categorizations Requirements for the Nigerian Payments System

Following the Central Bank of Nigeria (CBN)'s issuance of a Circular on the New Licence Categorisation for the Nigerian Payments System in December 2020, the apex bank has now published a consolidated...

Newsletter on the Regulatory Framework for Non-Bank Acquiring Services in Nigeria

In 2020, the Central Bank of Nigeria (CBN) issued the Circular on New Licence Categorisation for Nigerian Payments System wherein the CBN signaled that the scope of permissible activities of Switches and...

TECH Digest for March

Olaniwun Ajayi LP presents its Technology News Highlights (Highlights) for March 2024.The Highlights summarise major events and developments in the technology sector last month, including notable fundraises within the tech industry.
USSD Pricing

Newsletter on the Joint Statement by the Central Bank of Nigeria and Nigerian Communications...

On 12 March 2021, the Association of Licensed Telecommunications Operators of Nigeria (ALTON) announced plans to withdraw all Unstructured Supplementary Services Data (USSD) services from financial service providers (FSPs1) citing their  indebtedness...
IMTS Guidelines

Guideline to the provision of International Money Transfer Services in Nigeria – Part A

The far-reaching effects of the ongoing COVID-19 pandemic on the global economy have been extensively discussed within the contexts of the technology, business, finance, and energy sectors, as no industry has been...