everything relating to finance and money
The debate over whether an unregistered money lender in Nigeria can recover loans with interest continues to generate legal discussions. While the Money Lending Act and state laws require money lenders to be registered before charging interest, some argue that a lender—registered or not—should still be able to recover their money (including profit) if the …
In Nigeria, lending money and demanding interest on it is not as straightforward as simply offering loans. The law mandates that individuals or businesses engaging in money lending must be registered under the Money Lending Act or its equivalent laws in various states. Failure to obtain a valid money lending license can make loan agreements …
How to Become a Registered Money Lender in Nigeria Read More »
The Nigerian Startup Act (NSA), signed into law in 2022, represents a significant step toward fostering a thriving tech and innovation ecosystem in Nigeria. Designed to support startups through incentives, funding opportunities, and regulatory clarity, the Act aims to position Nigeria as a global hub for entrepreneurship. However, while the Act presents numerous opportunities, entrepreneurs …
Nigerian Startup Act: Opportunities and Challenges for Entrepreneurs Read More »
Crowdfunding has gained traction in Nigeria as an innovative way for businesses, startups, and creative projects to raise funds. By leveraging online platforms, individuals can pool financial resources from a large number of contributors. However, this promising financing method comes with legal and regulatory implications. In this post, we examine the legal framework governing crowdfunding …
Legal Framework for Crowdfunding in Nigeria: Opportunities, Risks Read More »
The rapid growth of e-commerce in Nigeria has transformed the way businesses operate and consumers interact with products and services. With increased internet penetration, mobile phone usage, and digital payment systems, the e-commerce sector has become a vital component of Nigeria’s economy. However, the legal landscape surrounding e-commerce presents unique opportunities and challenges. This blog …
Exploring Nigeria’s E-Commerce Laws: Opportunities and Challenges Read More »
In Nigeria, owning property often requires significant financial investment, and for many, the means to acquire real estate is through a mortgage. A mortgage is a loan specifically designed for purchasing property, where the property itself serves as collateral until the loan is fully repaid. While mortgages are a common feature in real estate transactions, …
Legal Requirements and Procedures for Mortgage Transactions Read More »
Cryptocurrency and blockchain technology have emerged as transformative forces in the global financial landscape. With their potential to revolutionize industries ranging from finance to supply chain management, these technologies also bring complex legal and regulatory challenges. In Nigeria, the rise of cryptocurrency and blockchain presents unique opportunities and hurdles for regulators, businesses, and consumers. This …
The Legal Aspects of Cryptocurrency and Blockchain Read More »
International trade and investment are vital components of Nigeria’s economy, offering opportunities for growth, development, and global integration. However, engaging in these activities requires a thorough understanding of the legal framework that governs them. This blog post explores the key aspects of the legal framework for international trade and investment in Nigeria, including relevant laws, …
Navigating the Legal Framework for International Trade and Investment in Nigeria Read More »
Corporate legal battles are a significant part of the business landscape in any country, and Nigeria is no exception. With a rapidly growing economy and an increasing number of corporations, legal disputes are inevitable. This blog post delves into notable corporate legal battles in Nigeria, examining the legal principles involved, the outcomes, and their implications …
Case Study: Corporate Legal Battles and Their Outcomes in Nigeria Read More »
Embarking on the journey of starting your own business is an exciting endeavor. However, navigating the legal landscape is crucial to ensure the longevity and success of your venture. In this blog post, we will explore the key legal considerations when establishing a business, helping you lay a solid foundation for your entrepreneurial dream. 1. …
Legal Framework for Starting a Business: Key Considerations Read More »
