There are many chances to invest in Africa, which is one of the fastest-growing areas for investment. These include energy, technology, infrastructure, and trade. Investors who are new to the market often require help from a modern, cutting-edge law firm in Africa that knows how both local and global laws work. Trusted international legal partner…
Nigeria is one of the biggest economies in Africa and many investors want to do business there to grow their businesses. Setting up an International business setup Nigeria can give you access to a growing customer base a wide range of resources and a good location. Companies that want to grow need to know both…
1.1 As part of its measures to curb the adverse effects of economic degradation and mitigate the inflation-induced hardship in the country, the Federal Government of Nigeria in conjunction with the organised labour union approved a new national minimum wage of N70,000 monthly remuneration on the 18th of July 2024, following the strike action by…
INTRODUCTION The protection of intellectual property, especially trademarks, is crucial in today’s global economy. Many businesses seek to expand their reach beyond borders, and securing trademark protection across multiple jurisdictions becomes critical. The World Intellectual Property Organization (WIPO) provides a streamlined system to help businesses protect their trademarks internationally. However, the question often arises: whether…
INTRODUCTION: As the world grapples with the challenges of climate change, Nigeria, like many other countries, is exploring innovative ways to reduce greenhouse gas emissions and transition to a low-carbon economy. One such mechanism is carbon credit trading, which has gained significant attention globally. Nigeria has made significant strides in tackling climate change, and its…
ABSTRACT This article clarifies and comprehensively explains the legal principles surrounding individual liability for corporate actions in Nigeria. It also aims to identify the relationship between the Company and the individual to the extent of their rights, the legal framework governing corporate conduct, and the exemptions. INTRODUCTION Before discussing if an individual can bear a…
For a business entity to commence exporting in Nigeria, certain requisite licenses are needed, which are provided by a recognized regulatory authority, the Nigerian Export Promotion Council. They are saddled with registering an entity interested in exportation activities. Below are the criteria to be satisfied before starting exportation activities in Nigeria. Business Registration: Any business…
The national currency of a country is the country’s legal tender, which is used as a medium of exchange, store of value, and unit of account. The performance of these functions is to the exclusion of other currencies within the country’s territorial boundaries. Nigeria, as a foreign State by virtue of the preamble to the…
The Central Bank of Nigeria’s (CBN) circular has created chaos and uncertainty within the Nigerian community especially with those who deal in cryptocurrency in their day-to-day business activities. It is pertinent to note that from this circular, the CBN has only prohibited the dealings and/or facilitations of payment with cryptocurrency through regulated institutions such as…
Generally, for a foreign company to carry on business in Nigeria, such foreign company is required to incorporate a separate entity for that purpose in Nigeria, and except a foreign company incorporates a separate entity in that regard such foreign company shall not carry on business in Nigeria or exercise any of the powers of…