Knowledge Centre - Goldsmiths Solicitors Nigeria

Knowledge Center

Goldsmiths Solicitors brings together lawyers from across all industry sectors and expertise to ignite conversation, make sense of the latest events and trends, and provide essential guidance on the opportunities and challenges facing clients today.

New Rules for Agent Banking in Nigeria

Banking and Finance Law, Business Advisory, Business, Advertising, Business, Entrepreneurs, Business, Sales, Business, Small Business, Capital Markets, Corporate & Commercial, Financial Services, Financial Technology (FinTech)

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…

How Virtual Assets Service Providers (VASPs) Can Obtain Licenses in Nigeria

Banking and Finance Law, Business Advisory, Financial Services, Financial Technology (FinTech), Startups and MSME Law

With the enactment of the Investment and Securities Act (ISA) 2025, virtual assets/digital assets including cryptocurrencies, Non-Fungible Tokens (NFTs), etc. can now be legally traded and transacted in Nigeria subject to satisfying applicable legal requirements. Prior to the enactment of…

A Guide on Anti-Money Laundering and Counter-Terrorism Finance Compliance for Designated Non-Financial Businesses and Professions in Nigeria

Banking and Finance Law, Business Advisory, Corporate & Commercial, Corporate Restructuring and Insolvency, Financial Services

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,…

All You Need to Know About Nigeria’s Newly Signed Tax Reform Acts

Banking and Finance Law, Business Advisory, Business, Entrepreneurs, Business, Small Business, Capital Markets, Corporate & Commercial, Corporate Restructuring and Insolvency, Financial Services, Financial Technology (FinTech), Labour and Employment

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

Banking and Finance Law, Business Advisory, Corporate & Commercial, Financial Services, Financial Technology (FinTech), Startups and MSME Law

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

Banking and Finance Law, Business Advisory, Capital Markets, Corporate & Commercial, Energy & Natural Resources, Financial Services, Financial Technology (FinTech), Innovation and Technology, Labour and Employment, Litigation and Alternative Dispute Resolution (ADR), Media and Entertainment, Public-Private Partnerships (PPP), Startups and MSME Law

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

Business Advisory, Capital Markets, Corporate & Commercial, Intellectual Property, Project Finance, Public Sector, Public-Private Partnerships (PPP), Startups and MSME Law

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

Business Advisory, Business, Advertising, Business, Entrepreneurs, Business, Small Business, Capital Markets, Corporate & Commercial, Corporate Restructuring and Insolvency, Startups and MSME Law

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

Banking and Finance Law, Business Advisory, Business, Small Business, Capital Markets, Corporate & Commercial, Financial Services, Financial Technology (FinTech)

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

Banking and Finance Law, Business Advisory, Corporate & Commercial, Financial Services, Financial Technology (FinTech), Press Release, Project Finance, Public Sector, Public-Private Partnerships (PPP), Startups and MSME Law

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…

Practical Tips on How to Obtain Sports Betting License in Lagos State, Nigeria

Banking and Finance Law, Business Advisory, Capital Markets, Financial Services, Financial Technology (FinTech), Investment Law, Sports Law, Startups and MSME Law

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 in…

Navigating the Regulatory Requirements for Telemedicine Business in Nigeria

Business Advisory, Corporate & Commercial, Innovation and Technology, Project Finance, Startups and MSME Law, Telecommunications

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…