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Banking Industry Compliance in Nigeria: A Closely Regulated Environment
The Nigerian banking industry operates under a strict regulatory framework, with the Central Bank of Nigeria issuing numerous rules, regulations, and guidelines on a regular basis. This is largely due to the constantly evolving nature of the industry, as well as the bank’s efforts to balance macroeconomic and monetary policy measures with a commensurate regulatory framework.
Who Needs to Know
- Banks
- Mobile money operators
- Payment service platforms
- Digital and online financial companies
- Financial advisers
- Investors
- Bank customers
All of these entities require a good understanding of the regulatory regime in Nigeria, as it affects their operations and decision-making processes.
Banking Regulations Team at Jackson Titiloye & Edu
Our team is composed of banking regulatory experts who advise indigenous and international clients on:
- Banking regulatory compliance
- Risk management
- Foreign exchange
- Financial products
- Fintech
- Electronic, online, and mobile banking
- E-commerce
- Permissible activities for financial institutions
- Prudential requirements
- Regulatory capital
- Investment in the banking industry
Our team is renowned for its in-depth knowledge of the industry and ability to assist diverse clients navigate through the regulatory complexities of the financial services industry.
Meet Our Key Contacts
- Fola Olusanya, Partner: folaolusanya@jacksonettiandedu.com, +234 (803) 6102040
- Okey Nnebedum, Co-Head Financial Services Sector: okeynnebedum@jacksonettiandedu.com, +234 (805) 4405527
With our expertise and vast experience, we provide clients with timely insights and deliver commercial solutions that meet their needs.