Service Overview
Nigeria's fintech sector is experiencing unprecedented growth, with new regulations and opportunities emerging regularly. Our specialized fintech legal team provides comprehensive guidance to help businesses navigate this complex landscape while ensuring full compliance with Central Bank of Nigeria (CBN) regulations and other applicable laws. We understand the unique challenges facing fintech companies and provide practical, business-focused legal solutions.
Key Services We Provide
Why Choose Our Fintech & Cryptocurrency Law Services
Expert knowledge of Nigerian fintech regulations
Proactive compliance strategies to avoid penalties
Reduced regulatory risk exposure
Faster time-to-market for fintech products
Strategic legal guidance for business growth
Ongoing regulatory monitoring and updates
Our Process
We assess your fintech business model and identify applicable regulatory requirements and potential compliance gaps.
Detailed review of your current compliance status, documentation, and identification of areas needing attention.
Creation of a tailored compliance strategy and implementation roadmap with clear timelines and milestones.
Hands-on support for implementing compliance measures, regulatory filings, and continuous monitoring.
Service Packages
Choose the right level of support for your needs
Perfect for startups exploring fintech opportunities
Complete licensing application support
Frequently Asked Questions
The licensing requirements depend on your specific fintech activities. Common licenses include Payment Service Bank (PSB) license, Mobile Money Operator (MMO) license, Switching and Processing license, and Super Agent license. We help determine the exact requirements for your business model and guide you through the application process.
Nigeria has specific regulations governing cryptocurrency operations, including restrictions on banks facilitating crypto transactions. However, there are legitimate opportunities in the digital asset space. We help ensure your business complies with CBN guidelines while exploring compliant business models and opportunities.
The timeline varies depending on the license type and complexity of your application. Generally, it can take 3-12 months from application to approval. We work to expedite the process while ensuring thorough compliance and proper documentation.
Licensed fintech companies must maintain ongoing compliance including regular reporting to regulators, maintaining minimum capital requirements, conducting regular audits, and staying updated with regulatory changes. We provide ongoing compliance support to ensure you meet all requirements.