If you’re launching a fintech startup in Nigeria, understanding CBN licenses is essential. The type of license you need depends on your services—whether you’re processing payments, offering wallets, managing POS terminals, or launching a digital bank. Common licenses include Switching and…
Legend, Nigeria’s first publicly listed ISP, has bigger plans than just selling internet
When Legend Internet Plc rang the bell at the Nigerian Exchange on April 24, 2025, it became Nigeria’s first ISP to go public, listing by introduction and offering two billion shares at ₦5.64 each. Though no new shares were issued, the…
What the Investments and Securities Act means for Nigeria’s crypto ecosystem
On March 25, 2025, Nigeria took a decisive step toward regulating its fast-growing cryptocurrency sector when President Bola Tinubu signed the long-awaited Investments and Securities Act (ISA 2025), replacing the outdated 2007 version. Buried in the 226-page law is a landmark…
Nigerians will pay more for call and data under proposed 5% telecom tax
Telecom subscribers in Nigeria could soon be paying 5% more for data and voice services if the Nigeria Tax Bill 2024 is signed into law. Passed in the Senate on May 8, 2025, the bill reintroduces a controversial 5% excise tax…
Why Nigerian banks keep suffering system glitches—and what’s at stake
In recent months, several major Nigerian banks—including Wema, Keystone, Union, and GTB—have suffered serious system glitches, leading to unauthorised withdrawals and mistaken deposits totaling over ₦19 billion. These incidents have sparked customer frustration, lawsuits between banks, and growing concerns over the…