Nigeria: FinTech

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Article
Nigeria’s New Virtual Asset (VA) Tax Regime: Legal And Regulatory Implications For Startups
Nigeria's Revenue Service has issued comprehensive guidelines clarifying how virtual assets are taxed under existing legislation. The framework addresses taxation for individuals and businesses engaged in cryptocurrency trading, virtual asset service providers, and peer-to-peer marketplaces. A notable feature is the requirement to compute gains in US dollars rather than Naira.
Nigeria Tax
SB
Stren & Blan Partners
Article
When A Banking Partner Loses Its Licence: What The CBN’S Revocation Of 46 MFB Licences Means For Fintech Resilience And Customer Funds
When the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks in July 2026, fintech companies relying on these institutions for customer accounts and settlement infrastructure faced immediate operational disruption. This analysis examines the regulatory grounds for revocation, the deposit insurance framework administered by the NDIC, and the critical due diligence and resilience measures fintech companies must implement when their products depend on regulated banking partners.
Nigeria Finance
TA
Tope Adebayo LP
Article
Does Nigeria’s New Digital Assets Regulatory Framework Signal A Welcome To Potential Investors?
Nigeria's digital asset ecosystem has evolved rapidly, yet regulation has struggled to keep pace with innovation. The Presidential Executive Order on Virtual Assets Coordination, 2026, seeks to bring greater coordination and clarity to the institutions responsible for regulating the sector, addressing the fragmented regulatory landscape that businesses have faced when establishing or investing in virtual asset operations.
Nigeria Government
WT
WTS Blackwoodstone
Article
The Quincecare Duty And Its Implications In The Fintech Era
As financial technology reshapes how consumers and businesses manage money, a century-old banking duty is gaining new relevance. The Quincecare duty requires financial institutions to pause suspicious payment instructions—but how does this obligation apply when traditional banks serve merely as infrastructure beneath fintech platforms? This analysis explores the duty's evolution from English case law through its modern application in layered payment systems.
Nigeria Finance
GE
G ELIAS
Article
Crypto Fraud, Scams And Ponzi Schemes: Legal Remedies For Victims
Nigeria faces a mounting crisis as digital asset fraud schemes have defrauded citizens of nearly ₦911 billion between 2000 and 2023, with recent collapses like CBEX affecting hundreds of thousands of victims. As cryptocurrency transactions shift from formal banking channels to peer-to-peer networks, Nigerian regulators struggle to balance innovation with investor protection in an increasingly complex digital financial landscape.
Nigeria Criminal
Syntegral Legal Practice
Article
Development Of Property Technology In Nigeria: Regulatory Compliance For Online Real Estate Platforms.
Property Technology (PropTech) is revolutionizing Nigeria's real estate sector through digital innovation, but operators face complex regulatory compliance challenges across multiple legal frameworks. How can PropTech platforms navigate the intersection of land law, corporate regulations, data protection, and financial compliance while driving sustainable growth in Nigeria's evolving digital real estate ecosystem?
Nigeria Real Estate
BC
Babalakin & Co.Legal Practitioners
Article
Financial Sector Quarterly Insight: Q1 2026 Review And Outlook For Q2 2026
The first quarter of 2026 brought transformative changes to Nigeria's financial sector through overlapping recapitalization programmes, heightened regulatory oversight, and rapid fintech evolution. This comprehensive review examines how strategic consolidation, capital realignment, and regulatory reforms across banking, insurance, pensions, and capital markets are collectively driving structural shifts toward enhanced governance frameworks and improved systemic resilience.
Nigeria Finance
SB
Stren & Blan Partners
Article
Beyond Delisting: The CBN’s Automated AML Standards And Nigeria’s Shift To Continuous Compliance
Nigeria's removal from the FATF Grey List and the European Commission's high-risk list marks a significant regulatory milestone, but sustaining compliance requires robust automated systems. The Central Bank of Nigeria has issued comprehensive Baseline Standards for Automated Anti-Money Laundering Solutions, establishing minimum functional, governance, and control requirements that all CBN-regulated financial institutions must implement within strict timelines. What specific capabilities must these systems s
Nigeria Government
TA
Tope Adebayo LP
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