Does a Trademark Registered with WIPO Have Local Recognition in African Countries?

Does a Trademark Registered with WIPO Have Local Recognition in African Countries?

ByGresyndale Legal

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…

HOW TO PROCESS EXPORT LICENCE IN NIGERIA
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HOW TO PROCESS EXPORT LICENCE IN NIGERIA

ByGresyndale Legal

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…

Can A Foreign Company Do Business In Nigeria Without Incorporation?
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Can A Foreign Company Do Business In Nigeria Without Incorporation?

ByGresyndale Legal

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…

BINANCE ANNOUNCES SUDDEN EXIT FROM NIGERIA’S FINANCIAL ECOSYSTEM, WHAT’S REALLY GOING ON?
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BINANCE ANNOUNCES SUDDEN EXIT FROM NIGERIA’S FINANCIAL ECOSYSTEM, WHAT’S REALLY GOING ON?

ByGresyndale Legal

On Tuesday, 5th March, 2024, Binance Holdings Limited, colloquially known simply as “Binance” made the unequivocal announcement of their intention to exit from the Nigerian financial market.1 This announcement comes against the backdrop of what is perceived by crypto-pundits as an uneasy relationship between cryptocurrency’s operation in Nigeria, (particularly with Binance as  we will come…

Microsoft’s Nigerian Exit: CBN Policies or Market Realities?

Microsoft’s Nigerian Exit: CBN Policies or Market Realities?

ByGresyndale Legal

The recent closure of Microsoft’s Africa Development Centre (ADC) in Lagos, Nigeria, has sparked debate about Central Bank of Nigeria (CBN) policies’ role in shaping foreign companies’ business climate. While a definitive reason for the closure remains unclear, some speculate it’s linked to an unfavourable business environment potentially influenced by CBN policies. This article examines…