Nigeria has issues with copyright infringement. This makes it more challenging for the sector to monetize services. Lockdown measures were required in response to COVID-19’s effects, which made it difficult for many media companies to pay employees and forced them to downsize due to their high operating costs. Social media and digital streaming services have […]
Challenges in the Media and Entertainment Sector Read More »
Introduction On August 7, 2020, President Muhammadu Buhari will sign the Companies and Allied Matters Act, 2020 (“CAMA, 2020”) into law. This action depends on the passage of the Finance Act, which fundamentally reforms Nigeria’s tax laws, and the Federal Competition and Consumer Protection Act of 2019, which is Nigeria’s first comprehensive consumer protection and
Highlights of the Companies and Allied Maters Act, 2020. Pt. 1 Read More »
Introduction In Nigeria, the Islamic finance industry has been experiencing exponential growth, driven by a growing demand for Shariah-compliant financial products and services. As one of the largest Muslim-majority countries in the world, Nigeria presents a significant market for Islamic finance, offering banks and financial institutions an opportunity to tap into this emerging sector. Understanding
The court strives at all times to preserve marriages when a petition for decree of dissolution of marriage is presented before her. The primary reason for this, is because marriage is a sacred institution and ought to be protected and preserved. This is evidently so by the special procedure in adjudicating matrimonial causes. To this
In Nigeria, wills are legal documents that allow individuals to specify and or direct how they want their assets and estate to be distributed after their death. Creating a will is an important aspect of estate planning, as it helps ensure that your wishes are carried out and that your loved ones are provided for. Here are
Intellectual properties (IP) are the intangible products of the intellectual exertion of individuals, like software developers, authors, or inventors, just to mention a few. Such an intangible may be mobile applications, like Mark Zuckerberg’s Facebook, designs, like Coca-Cola’s bottle shapes, novels, like J.K. Rowling’s Harry Potter series, or novel products or processes, like Johannes Gutenberg’s
Current Intellectual Property Innovation in Nigeria Read More »
INTRODUCTION The practise of transporting goods and people by water, the usage of marine resources, commerce, and navigation are all governed by a complex of laws and rules in Nigeria known as maritime law. The Admiralty Jurisdiction Act of 1991, the Merchant Shipping Act of 2007, the Nigerian Maritime Administration and Safety Agency Act of
Personal income tax is regulated by the Personal Income Tax (Amendment) Act 2011 and it is an important source of revenue for both the federal and state governments in Nigeria. It is assessed on the income received by individuals. There are basically two types of personal income tax; the Pay-As-You-Earn (PAYE) and the direct assessment.
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
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.
