Understanding The CBN’s Revised Guidelines For International Money Transfers and the Removal of Allowable Limits Circular

Understanding The CBN’s Revised Guidelines For International Money Transfers and the Removal of Allowable Limits Circular

Businesses with an International Money Transfer Operator (IMTO) license are authorised by the Central Bank of Nigeria (CBN) to facilitate efficient fund transfers from entities or individuals abroad to recipients in Nigeria. Initially issued in September 2014, the IMTO Guidelines, also referred to as the “Old IMTO Guidelines,” govern the licensing and operations of IMTOs in Nigeria.

Staying Afloat: Embracing M&A in Challenging Economic Times

Staying Afloat: Embracing M&A in Challenging Economic Times

Introduction   Mergers and Acquisitions (M&A) are used worldwide for either of two purposes, business expansion or survival. Statistics show that M&A transactions have been on the increase in recent years. A total of 57,948 M&A deals––the highest number in 38 years––were recorded globally.[1] In a similar fashion, 50,000 deals were recorded in 2022,[2] and […]


Many Nigerian businesses and founders are seeking opportunities outside the Nigerian markets. Access Bank, First Bank, United Bank for Africa (UBA), etc. have long scaled their businesses beyond Nigerian markets. Flutterwave announced on 9th February 2023 its expansion into Egypt. Many more Nigerian and African businesses are likely to go beyond home markets, especially when the African Continental Free Trade Agreement (ACFTA) is fully implemented.[1]

In scaling to new markets, one of the penetration tools available to businesses is mergers and acquisitions (M&A). Scaling businesses are likely to enter new markets by buying stakes in existing businesses in those markets because M&A provides assets on the ground, a customer base and a staff pool to immediately work with at the completion of the transaction. M&A involving businesses operating in different countries is called cross-border M&A.

Navigating the Regulatory Maze: A Guide to Starting and Scaling Your Business in Nigeria

Navigating Business

In the vibrant and dynamic landscape of Nigeria, the allure of entrepreneurship has never been stronger. The country’s vast market, coupled with the resilience and creativity of its people, offers a fertile ground for startups and established businesses alike. However, beneath this entrepreneurial enthusiasm lies a challenging reality – the complexities of Nigerian business regulations.

Key Components of Corporate Governance in Nigeria: A Comprehensive Overview

Corporate Governance

Corporate governance might sound like a complex term, but at its core, it’s about how companies are managed and overseen to ensure fairness, honesty, and good decision-making. Just like a team needs rules to play a fair game, companies need rules to operate ethically and responsibly. In Nigeria, these rules are especially important to make […]

Legal Matters Matter: Elevating Your Business with Expert Guidance

Legal Matters

Legal Matters – Hey there, business explorers! Running a business can feel like a thrilling roller coaster ride – full of highs and lows, twists and turns. But here’s the catch: when it comes to the law, there’s no shortcut or loop to skip. Ever heard of having a trusty map when you’re wandering into […]

Key Legal Considerations for Series A Funding: Investor Expectations

Black man calculating company Series A Funding

Series A funding is a critical stage of financing for your startups or early-stage companies, where you seek investment from venture capitalists and institutional investors to accelerate growth and scale your business. Investors at this stage are looking for several key factors before committing their capital. Given our years of experience of conducting due diligence […]