The Regime for the Operation of Bank Accounts by Virtual Asset Service Providers/Exchanges in Nigeria

Regulatory Update: NIBSS Directive to Disconnect Switches, Payment Solution Service Providers, and Super Agents from NIBSS Instant Payment (NIP) Outwards System

African Venture Capital Association’s Legal & Regulatory Committee Bulletin

Open Banking in Nigeria: An Overview of the CBN Operational Guidelines for Open Banking In Nigeria, 2023

Legal Requirements for Financial Services Apps on the Google Play Store

The recent crackdown on mobile applications (“Apps”) that are geared towards the provision of financial services, including lending, by local regulators has necessitated an update of policy by Google for its Play Store. These policies now require App developers, especially those who develop finance services Apps, to ensure that their Apps are in tandem with […]

Regulatory Update: Approval of the National Blockchain Policy for Nigeria

Client Update on Prudential Guidelines for Insurance Institutions 2022

PENCOM Issues Guidelines on Accessing Retirement Saving Account Balance Towards Payment of Equity Contribution for Residential Mortgage

On 23rd September 2022, the National Pension Commission (the “Commission”) released the Guidelines on Accessing Retirement Savings Account (“RSA”) Balance towards Payment of Equity Contribution for Residential Mortgage by RSA Holders (the “Guidelines”). The Guidelines permit RSA holders to utilise part of their retirement savings as equity contributions to secure a residential mortgage. The Guidelines […]

Client Update on the NAICOM Circular on the Tenure Limit for Executive Directors of Insurance and Reinsurance Companies

On 22nd November 2022, the National Insurance Commission (the “Commission”) released the Circular on the Tenure Limit for Executive Directors of Insurance and Reinsurance Companies (the “Circular”). The Circular was issued pursuant to the powers of the Commission under the National Insurance Commission Act 1997 and the Nigerian Code of Corporate Governance 2018. The Circular, […]

Fintech update: series 4 – sec new rules on the issuance, offering platforms and custody of digital assets – what you need to know

Fintech update: series 3 – sec new rules on the issuance, offering platforms and custody of digital assets – what you need to know

Chambers Fintech Global Practice Guide

Key trends and developments in the Fintech Sector have been identified and analysed by the UUBO Fintech team in an article published in the latest edition of the Chambers Fintech Global Practice Guide. The publication is a great resource for practitioners and investors in the ecosystem and highlights recent regulatory developments – including regulatory sandboxes, as […]