CBN Grants Final Approval for New Finance Firm to Operate in Nigeria
Abuja, Nigeria — April 16, 2025
The Central Bank of Nigeria (CBN) has granted final approval for Woodhall Capital, a global investment and financial services firm, to operate as a licensed finance house in Nigeria. This development marks a significant milestone in the country’s financial sector, highlighting the CBN’s commitment to fostering a competitive and inclusive financial ecosystem.
With the finance house licence, Woodhall Capital is now authorized to offer a comprehensive range of financial services, including investment banking and asset management. The firm plans to leverage its global expertise and local insights to provide innovative financial solutions tailored to the unique needs of Nigerian businesses and investors.
Mojisola Hunponu-Wusu, founder of Woodhall Capital, expressed gratitude to the CBN for its thorough process in granting the licence. She emphasized the firm’s dedication to delivering exceptional financial services and contributing to Nigeria’s economic growth.
The CBN’s approval comes at a time when the Nigerian banking sector is undergoing significant reforms. The central bank has mandated banks to bolster their capital by March 2026 to stabilize amid economic challenges. This move aims to promote stability in the industry while Nigeria grapples with a deteriorating economy, including a 70% devaluation of the naira and inflation surpassing 30%.
Woodhall Capital’s entry into the Nigerian market is expected to enhance competition and provide businesses with access to a broader array of financial products and services. The firm’s operations align with the CBN’s objectives of promoting financial inclusion and supporting the growth of the Nigerian economy.
As the financial landscape continues to evolve, the CBN’s proactive approach in licensing new financial institutions underscores its commitment to strengthening the sector and ensuring that it meets the needs of a dynamic and growing economy.
