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 …
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Land ownership and use in Nigeria are governed primarily by the Land Use Act of 1978, which remains the foundational law regulating land tenure, acquisition, and administration. The Act was introduced to streamline land ownership, curb land disputes, and ensure equitable land distribution for economic development. However, understanding its provisions is crucial for individuals, businesses, …
Divorce is often a challenging and emotional process, but understanding the legal framework can help individuals navigate it more confidently. In Nigeria, the legal processes for divorce vary based on the type of marriage, whether it was conducted under customary law, Islamic law, or the Marriage Act. This post provides an overview of the key …
Legal Processes for Divorce in Nigeria: What You Need to Know Read More »
A trademark is a vital asset for any business, representing its brand identity and distinguishing its goods or services from competitors. In Nigeria, registering a trademark grants exclusive rights to its use and provides legal protection against unauthorized use. This post offers a comprehensive step-by-step guide to registering a trademark in Nigeria. What is a …
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Mergers and acquisitions (M&A) are strategic tools for business growth and market consolidation in Nigeria’s competitive economy. While these transactions can unlock tremendous opportunities, they involve complex legal and regulatory considerations. This article explores the legal aspects of M&A in Nigeria, highlighting key procedures, compliance requirements, and potential challenges. What Are Mergers and Acquisitions? M&A …
Legal Aspects of Mergers and Acquisitions in Nigeria: A Comprehensive Guide Read More »
The Nigerian Startup Act, enacted to foster innovation and economic growth, has become a cornerstone for entrepreneurs in the country. By creating an enabling environment for startups, the law aims to address challenges faced by small businesses and position Nigeria as a hub for innovation in Africa. This article unpacks the key provisions of the …
Corporate Social Responsibility (CSR) has gained significant traction in Nigeria as businesses increasingly recognize their role in contributing to societal development. While CSR initiatives are often voluntary, they are influenced by various legal frameworks that guide corporate actions and ensure accountability. This article delves into the legal aspects of CSR in Nigeria and provides insights …
The Legal Framework for Corporate Social Responsibility (CSR) in Nigeria Read More »
Non-Governmental Organizations (NGOs) play a crucial role in addressing social, economic, and environmental issues in Nigeria. However, to operate legally and effectively, NGOs must navigate a defined legal framework. This article explores the step-by-step process of registering an NGO in Nigeria, ensuring compliance with relevant laws. 1. Choose a Unique Name for Your NGO The …
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Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled. In Nigeria, effective corporate governance is not only essential for maintaining public trust but also critical for ensuring compliance with regulatory requirements and enhancing business sustainability. The Importance of Corporate Governance Corporate governance plays a vital role in ensuring: …
Understanding Corporate Governance in Nigeria: Best Practices for Compliance Read More »
The Corporate Affairs Commission (CAC) is the principal regulatory body responsible for the incorporation, registration, and regulation of businesses in Nigeria. Established under the Companies and Allied Matters Act (CAMA) 2020, the CAC plays a pivotal role in fostering a business-friendly environment while ensuring compliance with corporate laws. Functions of the Corporate Affairs Commission The …
