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…
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…
INTRODUCTION: Before a court can exist it must be created by constitution or law. The 1999 constitution of the Federal Republic of Nigeria (as amended) provides for the number and types of court that exist in the country[1]. These courts are saddled with responsibility to adjudicate on the rights and obligation of citizens and some…
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…