Olaniwun Ajayi LP

July 21, 2023

OVERVIEW OF THE CBN’s GUIDELINES FOR CONTACTLESS PAYMENTS IN NIGERIA 2023

The Central Bank of Nigeria (CBN) has always strived to ensure that the Nigerian electronic payment system keeps up with global advancements in technology. In recognition of the technological advances...

June 30, 2023

CBN (Customer Due Diligence) Regulations 2023: Overview and Potential Implications

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

Foreign Exchange Rate Convergence in Nigeria

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...

May 10, 2023

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

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...

March 8, 2023

Banking and Capital Market 2022 Wrap-Up / 2023 Outlook

The financial services sector (with the banking and capital market segments being the larger slice) of the Nigerian economy, which is a key contributor to the Gross Domestic Product (GDP),...

February 6, 2023

FINTECH FORWARD LOOK 2023

The sixth edition of our Fintech Forward Look for 2023 outlines key facts and figures that shaped the fintech industry in 2022. It also gives an in-depth analysis of the...

December 8, 2022

FAQs on the CBN Guidelines on Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing

On November 23, 2022, the Central Bank of Nigeria (CBN) issued the Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation of Weapons of Mass Destruction (AML/CFT/CPF) Guidelines for...

May 27, 2022

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...

May 23, 2022

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital Assets

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering...

May 12, 2022

Newsletter on SEC Proposed Rules on Issuance, Offering Platforms and Custody of Digital Assets

The Securities and Exchange Commission (SEC) has recently issued its Proposed Rules on Issuance, Offering Platform and Custody of Digital Assets (the Proposed Rules). This is following the SEC’s press...

July 21, 2023

OVERVIEW OF THE CBN’s GUIDELINES FOR CONTACTLESS PAYMENTS IN NIGERIA 2023

The Central Bank of Nigeria (CBN) has always strived to ensure that the Nigerian electronic payment system keeps up with global advancements in technology. In recognition of the technological advances...

June 30, 2023

CBN (Customer Due Diligence) Regulations 2023: Overview and Potential Implications

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

Foreign Exchange Rate Convergence in Nigeria

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...

May 10, 2023

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

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...

March 8, 2023

Banking and Capital Market 2022 Wrap-Up / 2023 Outlook

The financial services sector (with the banking and capital market segments being the larger slice) of the Nigerian economy, which is a key contributor to the Gross Domestic Product (GDP),...

February 6, 2023

FINTECH FORWARD LOOK 2023

The sixth edition of our Fintech Forward Look for 2023 outlines key facts and figures that shaped the fintech industry in 2022. It also gives an in-depth analysis of the...

December 8, 2022

FAQs on the CBN Guidelines on Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing

On November 23, 2022, the Central Bank of Nigeria (CBN) issued the Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation of Weapons of Mass Destruction (AML/CFT/CPF) Guidelines for...

May 27, 2022

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...

May 23, 2022

Newsletter on the New SEC Rules on Issuance, Offering Platforms and Custody of Digital Assets

In April 2022, the Securities and Exchange Commission (the SEC) released its Proposed Rules on the Registration of Virtual Asset Service Providers and the Proposed Rules on the Issuance, Offering...

May 12, 2022

Newsletter on SEC Proposed Rules on Issuance, Offering Platforms and Custody of Digital Assets

The Securities and Exchange Commission (SEC) has recently issued its Proposed Rules on Issuance, Offering Platform and Custody of Digital Assets (the Proposed Rules). This is following the SEC’s press...