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Dime Legacy Partners
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Nigeria

Regulatory landscape overview: Nigeria

Nigeria’s principal financial, telecoms, and competition regulators, and how DLP navigates them.

SEC Nigeria

Fund Manager License

SEC Nigeria license to manage collective investment schemes and discretionary portfolios.

Min. capital: ₦150,000,000

Nigerian Communications Commission (NCC)

Internet Service Provider (ISP) License

NCC license to provide internet access services in Nigeria.

Min. capital: ₦5,000,000

FCCPC

Merger Clearance

FCCPC clearance required before completing a merger or acquisition above the notification threshold in Nigeria.

Central Bank of Nigeria (CBN)

Mobile Money Operator (MMO)

CBN license to operate a mobile money platform in Nigeria.

Min. capital: ₦2,000,000,000

Payment Solution Service Provider (PSSP)

CBN license for payment gateway and payment solution services.

Min. capital: ₦250,000,000