Law Archives - Page 20 of 23

Navigating the Regulatory Maze: Striking a Balance Between Control and Innovation

Introduction Regulation, though often viewed as a bureaucratic necessity, plays a vital role in our society. It’s the invisible hand that guides everything from financial markets to food safety and environmental protection. In this article, we will delve into the complex world of regulation, exploring its significance, challenges, and how it can balance control with […]

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Understanding the Difference Between Arbitration and Mediation

Leave a Comment / Arbitration, Law, Mediation / Clement Imoh

Introduction Disputes are an inevitable part of human interactions, whether in business, family matters, or other areas of life. When conflicts arise, individuals and organizations often turn to alternative dispute resolution (ADR) methods to avoid costly and time-consuming litigation. Two widely used ADR processes are arbitration and mediation. In this article, we will explore the

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Key Amendments of The BOFIA 2020

Leave a Comment / Banking Finance & Investment / Simon Ekemini

President Muhammadu Buhari signed the “Banks and Other Financial Institutions Act” 2020 (also known as “the New Act” or “BOFIA 2020”) into law on November 13, 2020, repealing the prior BOFIA 1991 (as revised in 1997, 1998, 1999, and 2002). In order to reflect the development of the Nigerian financial industry over the past 30

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Legal Framework of the Maritime in Nigeria

Leave a Comment / Maritime / Simon Ekemini

The sea plays an important role in facilitating human trade and business. It also serves as a method of transportation, a rich resource for the extraction of minerals and the production of electricity, and a key component of the blue economy. Nigeria has a number of laws that regulate various aspects of the maritime industry.

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Is International Law, Law?

Leave a Comment / International Law, Law / A. I. Joseph

It is one of the most controversial topics of all time, whether international law can be recognized as true law or not. There are two schools of thought regarding this argument; the realists and the liberals. The realists argue that international law is not a real law whereas the liberals say international law is law.

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Adoption in Nigeria

Leave a Comment / Family Law and Succession, Law / Joseph Hilary

Adoption is a legal process that creates a new parent-child relationship with all its rights, responsibilities and privileges accrued thereto, between the adopted child and the adoptive parents. Adopting a child enables a person or couple to legally take on parental duties and rights for a child who is not their natural or biological child. It

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Africa’s Cyber Security Threat

Leave a Comment / Cyber Law, Technology / A. I. Joseph

By Leo Komminoth With the increasing use of digital technologies in areas such as healthcare and education, the security of personal data has become paramount. The continent’s burgeoning digital economy is rife with opportunities for growth but also presents challenges that must be addressed to ensure that the benefits of technology are fully realized One

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Navigating the Complex Terrain of Oil and Gas Law

Leave a Comment / Energy, Law, Oil and Gas / Clement Imoh

Introduction In a world where energy resources are the lifeblood of economies and societies, oil and gas law plays a crucial role in regulating the extraction, production, and distribution of these invaluable resources. This intricate legal field encompasses a myriad of complex issues, from environmental concerns to property rights, making it a cornerstone of the

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The Benefits of Protecting your Intellectual Property in Nigeria

1 Comment / Intellectual Property, Law / A. I. Joseph

Intellectual Property is an important asset, and its value can only be fully realized and enjoyed when fully protected. Nigeria has proven to be a major global hub for innovations in tech, music, movies, etc. The Nigerian FinTech and music industries’ annual monetary worth is said to be about $545 Million and $45 million, respectively.

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Joint Venture Agreement in Nigeria

Leave a Comment / Corporate Law / Simon Ekemini

A joint venture agreement in Nigeria, like in many other countries, is a legally binding contract between two or more parties who come together to collaborate on a specific business project or venture. Joint ventures are common in Nigeria and can be used for various purposes, such as conducting business operations, exploring natural resources, or

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