Central bank of Nigeria | trustedadvisorslaw.com

CBN’s new guidelines for virtual asset service providers (VASPs): Operating bank accounts in Nigeria’s crypto space

by Trusted | Mar 20, 2024 | Insights, Nigeria, Nigerian Law, Technology

On December 22, 2023, the Central Bank of Nigeria (CBN) as part of its regulatory mandate took a significant step in regulating the emerging sector of Virtual Asset Service Providers (VASPs) by introducing Guidelines that specifically address the operation of bank...

Cryptocurrency Regulations in Nigeria

by Trusted | Sep 25, 2023 | Nigeria, Technology

Cryptocurrencies have taken the world by storm, captivating the interest of investors, tech enthusiasts, and financial institutions alike. But what exactly are cryptocurrencies, and how do they work? Cryptocurrencies represent a decentralized form of digital currency...

AN OVERVIEW OF THE RIGHTS OF BANK CUSTOMERS IN NIGERIA

by Trusted | May 11, 2023 | Business, Insights, Nigeria

In today’s world, being customer-centric is no longer just a nice idea; it is now a fundamental part of doing business. This fundamental obligation in doing business cuts across all sectors including Banks and other financial institutions. According to the data...

FAQS on the CBN Guidelines on Anti Money Laundering, combating the financing of Terrorism and Countering Proliferation Financing

by Trusted | Feb 28, 2023 | Insights, Nigeria

To encourage compliance with Anti Money Laundering, combating the financing of Terrorism laws and regulations, and protect financial institutions from being used for financial crimes, the Central Bank of Nigeria issued a new regulation in 2022 that is titled “Central...