How a Foreigner can Register a Local Company in Nigeria
Nigeria operates a free-market economy and there are no restrictions on foreigners setting up companies in Nigeria. Subject to the laws of Nigeria, a foreign individual or entity can set…
Overview of the Central Bank of Nigeria (CBN) Guidelines for the Regulation and Supervision of Credit Guarantee Companies in Nigeria
On 28 March 2022, the Central Bank of Nigeria (CBN) issued the Guidelines for the Regulation and Supervision of Credit Guarantee Companies (CGCs) in Nigeria. The Guidelines are expected to…
Non-Resident Foreign Companies doing Business in Nigeria must now Register for VAT in Nigeria
A Review of the Nigerian Finance Act 2021: On 31 December 2021, the Nigerian President signed the Finance Act 2021 (the Act) into law. The Act came into effect on…
Goldsmiths Solicitors – Legal Recap for the Year 2021
2021 was an incredibly busy and exciting year in the Nigerian legal and regulatory landscape. There were major and far-reaching changes in the legal and regulatory frameworks relating to Oil…
Host Communities and Funds under the Petroleum Industry Act 2021- Goldsmiths Solicitors PIA Series IV
In this concluding part of our series examining the Petroleum Industry Act (PIA) 2021, we take a look at the provisions made for host communities under the Act. We also…
The Tax and Fiscal Regime under the Petroleum Industry Act 2021: Goldsmiths Solicitors PIA Series III
In our third series examining the main provisions of the newly enacted Petroleum Industry Act (PIA), we consider some of the tax and fiscal provisions under the Act. The PIA…
New Licensing Regimes under the Petroleum Industry Act 2021 – GS Series II (Part B)
This is the concluding part of our article the “New Licensing Regime under the Petroleum Industry Act (PIA)”. This series deals with the new licensing regime under the midstream and…
New Licensing Regimes under the Petroleum Industry Act (PIA) 2021 – GS Series II (Part A)
In the second of our series examining the main provisions of the newly enacted Petroleum Industry Act (PIA), we take a look at the new licensing regimes under the Act.…
Pay You are Damned, Don’t Pay You are Damned: The Nigerian VAT Conundrum
On 9 August 2021, following the legal action commenced by the Rivers State Government, the Federal High Court (FHC) sitting in Port Harcourt, Rivers State, declared the collection of Value…
The Petroleum Industry Act, 2021 – Goldsmiths Solicitors PIA Series 1
The Petroleum Industry Act (the PIA) was signed into law by Nigerian President, Muhammadu Buhari on 16 August 2021. Before its passage into law, it was a Bill pending for…