New Rules for Agent Banking in Nigeria
On 6 October 2025, The Central Bank of Nigeria (CBN) issued the Guidelines for the Operations of Agent Banking in Nigeria (the “Guidelines”). The purpose of the Guidelines is the…
A Guide on Anti-Money Laundering and Counter-Terrorism Finance Compliance for Designated Non-Financial Businesses and Professions in Nigeria
Money laundering and terrorist financing are major threats to national and global security, and Nigeria is no exception. Under Section 18(2) of the Money Laundering (Prevention and Prohibition) Act, 2022 (MLPPA), money laundering is defined as the act of concealing, disguising, converting, transferring, or controlling funds or property, knowing they are proceeds of an unlawful act.
All You Need to Know About Nigeria’s Newly Signed Tax Reform Acts
Introduction On 26th June 2025, the President of the Federal Republic of Nigeria signed four landmark tax reform bills into law, marking a significant shift in the nation’s tax landscape.…
Overregulation of FinTechs in Nigeria: Myth or Reality
Introduction In the last few years, the Nigerian Financial Technology (FinTech) space has witnessed exponential growth and has attracted both local and international investors. Nigeria is home to some unicorns…
The Role of Arbitration in Resolving Disputes in Nigeria
Disputes are inevitable in most business relationships. Traditional litigation, while effective, often proves to be time-consuming, expensive and adversarial, potentially straining business relationships. This is particularly the case in Nigeria…
Procedure for Revocation of Trademark in Nigeria
Revocation of trademarks refers to the legal process of cancelling or removing a registered trademark from the official Trademark Register by the Registrar of Trademarks or the court. In essence,…
Regulatory Compliance Checklist for Start-ups in Nigeria
Almost three years after The Start-up Act, was signed into law in Nigeria, the jury is still out as to whether or not it has made any difference at enhancing…
How to Obtain International Money Transfer Operators (IMTO) License from the Central Bank of Nigeria
An International Money Transfer Operator (IMTO) is a company approved by the Central Bank of Nigeria (CBN) to facilitate the transfer of funds from individuals or entities residing abroad to…
Goldsmiths Solicitors – Legal Recap for the Year 2024
This Legal Recap for 2024 offers a comprehensive overview of the most significant legal, regulatory, and judicial developments in Nigeria. In 2024, Nigeria’s legal landscape experienced major transformations, with notable…
Navigating the Regulatory Requirements for Telemedicine Business in Nigeria
Navigating the regulatory requirements for telemedicine businesses in Nigeria is crucial for entrepreneurs and healthcare providers aiming to offer remote medical services. Telemedicine which involves the delivery of healthcare services remotely…