The Role of Arbitration in Resolving Disputes in Nigeria

Introduction 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…

How to Obtain International Money Transfer Operators (IMTO) License from the Central Bank of Nigeria

Introduction 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…

Goldsmiths Solicitors – Legal Recap for the Year 2024

Introduction 2024 saw significant changes in Nigeria’s legal and regulatory landscape, with notable developments across various sectors including financial services, oil and gas, energy, transportation, etc.  Significant judicial decisions were…

An Overview of the Central Bank of Nigeria Exposure Draft Guidelines on Contactless Payments in Nigeria

On 25 October 2022, the Central Bank of Nigeria (CBN) released the Exposure Draft Guidelines on Contactless Payments in Nigeria (the Guidelines). The Guidelines were released by CBN in line…