Financial Technology (FinTech)

Tackling Fraud in the Nigerian Digital Payment System: The Central Bank of Nigeria Issues New Directives

Corporate & Commercial, Corporate and Business Advisory, Data Protection, Dispute Resolution, Financial Services, Financial Technology (FinTech), Startup LawBy Mandel Solicitors

Introduction Digital payments have continued to experience exponential growth and acceptance which is particularly accentuated by Financial Technology (FinTech) companies in Nigeria. The Central Bank of Nigeria (CBN) has also issued regulatory policies promoting the adoption of cashless transactions consummated through mobile banking and internet banking channels, unstructured supplementary service data (USSD), payment gateways, etc.…

How to Register and Obtain License as a Virtual Assets Service Provider (VASP) in Nigeria

Corporate & Commercial, Corporate and Business Advisory, Dispute Resolution, Financial Services, Financial Technology (FinTech), Startup Law, Technology and InnovationBy Mandel Solicitors

Introduction The enactment of the Investment and Securities Act, 2025 ushered in a new regime for the formal recognition and acceptance of cryptocurrencies in Nigeria with the implication that cryptocurrencies and other forms of virtual assets can now be legally traded in Nigeria. Although there have been rules issued by the Securities and Exchange Commission…

Registrations and Licensing with the Nigerian Securities and Exchange Commission (SEC)

Corporate & Commercial, Corporate and Business Advisory, Financial Services, Financial Technology (FinTech), Startup Law, Technology and InnovationBy Mandel Solicitors

The Securities and Exchange Commission (SEC) is the Nigerian Government regulatory agency responsible for registering and regulating the activities of the participants in the Nigerian capital market. The SEC registers and issue licenses to qualified persons and companies operating in the Nigerian capital market. One of the core functions of the Nigerian SEC is the…