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…
Colin heads our Corporate and Commercial Practice Group and is an integral part of our Oil and Gas, Energy, Projects and Advisory Practice Groups.
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…
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 Exposure Draft Guidelines for Credit Guarantee Companies in Nigeria
On 4 August 2021, the Central Bank of Nigeria (CBN) issued the Exposure Guidelines to regulate the activities of Credit Guarantee Companies (CGCs) in Nigeria. The Guidelines are expected to…
The New Central Bank of Nigeria Regulatory Framework and Guidelines for Mobile Money Services in Nigeria
On 9th July 2021, the Central Bank of Nigeria (CBN) released a single-document circular, setting out the framework and guidelines for the operations of Mobile Money Services in Nigeria (the Guidelines…
Requirements of the Central Bank of Nigeria (CBN) Guidelines for Shared Services Arrangements for Banks and Other Financial Institutions in Nigeria, 2021
On 26 May 2021, the CBN published its Guidelines for Shares Services Arrangements for Banks and other Financial Institutions in Nigeria (the Guidelines). These Guidelines come into effect on 1st June…
All you need to know about Nigerian Securities and Exchange Commission’s Regulatory Incubation Guidelines
On 16 June 2021, the Nigerian Securities and Exchange Commission (SEC) announced an imminent roll-out of an Incubation Programme called SEC Regulatory Incubation (RI) programme for FinTechs operating or seeking…
Goldsmiths Solicitors FinTech Webinar – Regulatory Conversations
On 30 June 2021, Goldsmiths Solicitors in collaboration with Afriwise, held the first of its Webinar series which examined the regulatory issues for FinTech to be aware of when doing…
A Summary of the Central Bank of Nigeria (CBN) Regulatory Framework for Non-Bank Acquiring in Nigeria
On 28th May 2021, the CBN issued a framework for non-bank acquiring in Nigeria. The framework sets out requirements for Participants and it is the primary regulation for non-bank acquiring in…
Before You Set Up That Fintech Company: Regulatory Requirements to Be Aware of in Nigeria
In this Article, we shall identify what a FinTech Company is, the Regulatory bodies that control and regulate the FinTech sector in Nigeria and regulatory requirements for FinTech Companies in…