On 28 October 2025, the House of Representatives passed the Nigerian Fintech Regulatory Commission (NFRC) Bill for a second reading. The NFRC Bill, if enacted into law, could fundamentally reshape how fintech companies are licensed, supervised, and regulated in Nigeria. Importantly, the Bill signals a possible shift towards a more centralised approach to fintech regulation in Nigeria where fintech operators would benefit from a centralised “one-stop shop” for licensing and regulatory compliance.
In this newsletter, our Technology, Innovation and FinTech Practice considers the Bill’s key provisions, accessing its possible implications on fintech operators and other industry stakeholders in the event the Bill is enacted.
--
Read the original publication at Olaniwun Ajayi
