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- Phone: 020-1-270-2551, 0700-OLANIWUN
February 18, 2026
Nigeria’s banking and capital market sectors experienced major regulatory reforms and sustained activity in 2025, demonstrating notable resilience in the face of evolving macroeconomic conditions. Our Banking and Capital Markets...
December 4, 2025
On 27 November 2025, the Central Bank of Nigeria (CBN) issued a circular (Ref: CMD/DIR/PUB/CIR/001/003) to banks, payment service banks, and other financial institutions (the Circular). The Circular introduced enhanced...
December 1, 2025
The announcement on 24 October 2025 regarding Nigeria’s removal from the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring (commonly referred to as the Grey List) represents...
June 24, 2025
Introduction In response to what the Securities and Exchange Commission (SEC or the Commission) describes as “the worrying trend of the transmutation/conversion of Independent Non-Executive Directors (INEDs) to Executive Directors...
April 8, 2025
Announcements, Banking, Capital Markets, Dispute Resolution, M & A, Mergers, Acquisitions and Private Equity
We are pleased to announce our recognition in the recently released Legal 500 EMEA 2025 rankings. Firm Rankings and Client Feedback In this year’s edition, Olaniwun Ajayi has maintained its...
February 21, 2025
The Central Bank of Nigeria (CBN), on 28 January 2025, launched the Foreign Exchange Code (FX Code) as a guide to the banking industry to promote ethical conduct in the...
June 30, 2023
On 20 June 2023, the Central Bank of Nigeria (CBN) issued the CBN (Customer Due Diligence) Regulation 2023 (the CDD Regulations). This regulatory initiative is aimed at assisting financial institutions...
June 19, 2023
Following an announcement by President Bola Ahmed Tinubu on his administration’s plan to unify the different foreign exchange market rates, the Central Bank of Nigeria (CBN), in its Press Release...
October 18, 2021
In an attempt to provide legal and regulatory clarity on the proposed eNaira, the CBN has prepared the draft Regulatory Guidelines on eNaira (Draft Guidelines). Upon its issuance by the...
March 23, 2021
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...
February 18, 2026
Nigeria’s banking and capital market sectors experienced major regulatory reforms and sustained activity in 2025, demonstrating notable resilience in the face of evolving macroeconomic conditions. Our Banking and Capital Markets...
December 4, 2025
On 27 November 2025, the Central Bank of Nigeria (CBN) issued a circular (Ref: CMD/DIR/PUB/CIR/001/003) to banks, payment service banks, and other financial institutions (the Circular). The Circular introduced enhanced...
December 1, 2025
The announcement on 24 October 2025 regarding Nigeria’s removal from the Financial Action Task Force (FATF) list of jurisdictions under increased monitoring (commonly referred to as the Grey List) represents...
June 24, 2025
Introduction In response to what the Securities and Exchange Commission (SEC or the Commission) describes as “the worrying trend of the transmutation/conversion of Independent Non-Executive Directors (INEDs) to Executive Directors...
April 8, 2025
Announcements, Banking, Capital Markets, Dispute Resolution, M & A, Mergers, Acquisitions and Private Equity
We are pleased to announce our recognition in the recently released Legal 500 EMEA 2025 rankings. Firm Rankings and Client Feedback In this year’s edition, Olaniwun Ajayi has maintained its...
February 21, 2025
The Central Bank of Nigeria (CBN), on 28 January 2025, launched the Foreign Exchange Code (FX Code) as a guide to the banking industry to promote ethical conduct in the...
June 30, 2023
On 20 June 2023, the Central Bank of Nigeria (CBN) issued the CBN (Customer Due Diligence) Regulation 2023 (the CDD Regulations). This regulatory initiative is aimed at assisting financial institutions...
June 19, 2023
Following an announcement by President Bola Ahmed Tinubu on his administration’s plan to unify the different foreign exchange market rates, the Central Bank of Nigeria (CBN), in its Press Release...
October 18, 2021
In an attempt to provide legal and regulatory clarity on the proposed eNaira, the CBN has prepared the draft Regulatory Guidelines on eNaira (Draft Guidelines). Upon its issuance by the...
March 23, 2021
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...