Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
Tips and traps
What are your top tips for fintech players seeking to enter your jurisdiction and what potential sticking points would you highlight?

Answer ... With a population of about 200 million people and an overall financial exclusion rate of over 40%, Nigeria could benefit significantly from advances in the fintech space. New market entrants should:

  • develop a comprehensive understanding of the Nigerian market, including relevant regulations, regulators and consumer behaviour;
  • leverage local talent while maintaining strong ties with foreign technical partners to launch, navigate and build at scale;
  • maximise and properly manage their intellectual assets and licences in software and similar technology; and
  • secure more funding than initially envisaged.

For more information about this answer please contact: Davidson Oturu from AELEX