Regulatory Compliance Checklist for Start-ups in Nigeria
Introduction 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…
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…
Practical Tips on How to Obtain Sports Betting License in Lagos State, Nigeria
Introduction Following the emergence of online betting, the Nigerian gambling industry has experienced extraordinary growth in the past few years. This also followed the legalization of some forms of gambling…
Navigating the Regulatory Requirements for Telemedicine Business in Nigeria
Introduction Telemedicine is the delivery of healthcare services remotely using information and communication technologies which allow real-time audio or audio-visual patient-health provider communication, diagnosis and treatment through laboratory tests and…
How to Obtain Money Lenders License in Lagos State, Nigeria
Introduction With Nigeria being a leading Fintech hub in Africa, we have in last few years witnessed a surge in online money lending service. The operation of money lending business…
Practical Considerations on Registering Imported Products with National Agency for Food and Drugs Administration and Control (NAFDAC)
It is required that all food, drinks, drugs, chemicals, cosmetic products and medical devices whether imported or locally manufactured are registered with The National Agency for Food and Drugs Administration…
Better Late than Never: Nigeria Finally Passes the Data Protection Act
On 12 June 2023, the Nigeria Data Protection Act, 2023 (“the Act”) was signed into law by President Bola Ahmed Tinubu. The Act provides a legal framework for the protection…
Trademarks in Nigeria: Registration, Infringement and Enforcement
Introduction A Trademark is a unique sign or mark that distinguishes the goods and services of one business from another. A mark can either be a device, brand, heading, label,…
How to Obtain a Payment Solution Service Providers Licence in Nigeria
Introduction A Payment Solution Service Providers (PSSP) licence is a financial licence within the payments system which is issued by the Central Bank of Nigeria (CBN). A PSSP licence authorizes…
An Overview of CBN’s Operational Guidelines for Open Banking in Nigeria
Introduction By a Circular dated 7th March 2023, the Central Bank of Nigeria (CBN) released the “Operational Guidelines for Open Banking in Nigeria” (‘the Guidelines’). The Guidelines set out rules…