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…
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.…
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…
Practical Tips on How to Obtain Sports Betting License in Lagos State, Nigeria
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…
How to Obtain Money Lenders License in Lagos State, Nigeria
A money lender looking to operate in Nigeria must navigate a regulated framework that governs loan services across the country. With Nigeria being a leading Fintech hub in Africa, we…
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…
How to Obtain a Payment Solution Service Providers Licence in Nigeria
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 the licensee to provide and operate payment processing gateway and portals, solution/application development, and merchant service aggregation and collections services. A PSSP license does not provide the authorization to hold customers’ funds or create and issue wallets. PSSPs are predominantly Financial Technology (FinTech) companies that enable and facilitate online and offline payments solutions which include collections, check-out, biller aggregation and payout services.