Migration has become a very fluid process, internationally. Facilitated by globalization, it has generated a lot of issues resulting in sweeping changes to laws and operations of border control agencies of many countries including Nigeria. The International Organization for Migration (IOM) has stated that an estimated 240 million international migrants are moving to more destinations […]
A Construction Contract (“the Contract“) like every other contract spells out the terms upon which the parties bind themselves before, during and after a construction work (“the work“). For the work to meet the expectation of the Employer and for the Contractor to satisfactorily deliver the work, certain provisions must be included in the Contract […]
Though Nigeria is the largest consumer market in Africa, the ever increasing rate of unemployment with its adverse effect on the Nigerian economy has been a perennial problem for successive Governments. In order to generate employment, diversify the economy, increase foreign exchange earnings, boost her Gross Domestic Product and enhance technology transfer, the Nigerian Government […]
It is without doubt that apart from regular business and environment related problems, entrepreneurs have to grapple with the security challenges in Nigeria. The activities of the Boko Haram sect have had adverse effect on businesses in the Northern part of the Country and made it tough to keep businesses alive in the region. But […]
Litigation is the most common form of dispute resolution in Nigeria. Its origin is entrenched in the English common law. Oftentimes, litigation is cumbersome because of ingrained culture of litigation which results in overflow of cases and delay in adjudication. This is bad for business and business relationships. The need for a more efficient dispute […]
It is important for investors to conduct due diligence on a target Nigerian company before investing in it whether by means of restructuring, mergers, acquisitions or takeovers. This is because the real state of the company may not be stated in the books of the target company or known to the investor until it takes […]
In order to execute large projects or for businesses to expand, there is usually a need to apply for loan facility from Banks (“the Bank“). Though, Banks are likely to grant loan to Borrowers if they have the requisite collateral, most times Borrowers end up in trouble with the Banks either because they cannot pay […]
Can minority shareholders restrain majority directors’ decision to enter or continue with a transaction? Section 300 of the Companies and Allied Matters Act (“the Act“) provides that minority shareholders may apply to court to grant an injunction or declaration to restrain the Company from; Entering into an illegal or ultra vires transaction; Doing by ordinary […]
Investing In Nigeria Made Easy Nigeria has enormous resources, most of which are yet to be fully exploited. These resources include but not limited to minerals, agricultural and human resources. With a population of about 180 million people, the Nigerian market potential stretches into the growing West African sub-region and offers the market in sub- […]
Exploiting The Investment Opportunities In Nigerian Agricultural (Agribusiness) Industry. PREAMBLE: The agricultural potential of Nigeria is barely being tapped and this explains the inability of the country to meet the ever increasing demand for agricultural produce. Although the agricultural sector remains a dominant employer of labour, serious investment is needed across the board to enhance […]
In Nigeria, for a trade mark to be registered, it must contain or consist of at least the name of a company, individual, or firm, represented in a special or particular manner; the signature of the applicant for registration or some predecessor in his business; an invented word or invented words; a word or words […]
The Transfer of Technology in Nigeria is governed by the National Office for Technology Acquisition and Promotion Act, Cap, N62 Laws of the Federation 2004 (“the Act“). The Act established the National Office for Technology Acquisition and Promotion (“NOTAP“). The principal function of NOTAP pursuant to the provisions of the Act is to monitor the […]