OVERVIEW OF THE CENTRAL BANK OF NIGERIA'S OPEN BANKING GUIDELINES
The purpose of this guide is to give readers a brief overview of key aspects of Nigerian law on establishing and running a business. It is aimed at organizations and persons from other countries who are interested in doing business in Nigeria. This guide is not intended to be definitive on every aspect of Nigerian law. It only gives indications of applicable considerations from a commercial, tax and general regulatory point of view. The content of this guide is for information purposes only. It does not constitute legal advice, nor is it intended to do so. Should you require legal advice, please do not hesitate to contact us in respect of the details provided in this guide. Nigeria's legal system is based on English Common Law with significant divergence which has been developed over the last decade. The law is stated as at 31st of May 2018.