Tag: regulation
An overview of the Nigerian Persons with significant control regulation 2022
On November 23, 2022, the Minister of Industry, Trade, and Investment exercised its power under Section 867 of the Companies and Allied Matters Act, 2020 (“CAMA” or the “Act”) to approve the Persons with Significant Control Regulations, 2022 (the “PSC Regulations”). The PSC Regulations aim to establish a structured and efficient procedure for acquiring and …
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Realtor: Meaning, how to become one, regulation, and more
The laws and practices of real estate transactions can be daunting, it is this way in almost every country in the world. Real estate practice over the years has been a free-for-all practice with some of the most unethical actions taking place in the industry. Realtors and real estate agents play significant roles in the …
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Crypto adoption and regulation in Africa with Chris Maurice
Cryptocurrencies are now more popular than ever before expected on the African continent. In 2020, cryptos grew by over 7% in five African countries of Nigeria, South Africa, Kenya, Egypt and Ethiopia. Africa’s low-income earning population claims the highest number of crypto traders in the past years, with millions of dollars being invested into the …
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CBN’s guidelines for regulation of foreign banks’ representative offices in Nigeria
A draft of the Guidelines for the Regulation of Representative Offices of Foreign Banks in Nigeria (the Guidelines) was released by the Central Bank of Nigeria (CBN) on October 12, 2022. This release is in relation to the CBN’s authority under the Banks and Other Financial Institutions Act, 2020 (BOFIA), which allows the apex bank …
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