Introduction The Microfinance banking sector has experienced a lot of changes in recent times. In the span of two years (2018 -2020), the Central Bank of Nigeria has increased the minimum capital requirement for a Microfinance Bank (‘MFB’) licence twice. One of the reasons for renewed...
Trademark is a type of intellectual property which essentially protects the “brand” of a business. The importance of trademark is more prominent in current times as a result of the global and digital nature of businesses. This is especially the case for certain online businesses...
A money lender licence can be granted to a person or business whose sole business is lending money with the expectation of a higher amount in return. Money lender licences are regulated by the various states money lending laws in Nigeria. The license is granted...
What is a Patent? A patent grants to an inventor a monopoly over a product they have created which includes the ability to stop others from making, using and selling the product. Patents exist to incentivise inventors to be innovative and to produce products which could...
Introduction A commercial contract is a legal agreement between businesses. The contract sets out what the business organizations have agreed to do or not to do. At the time these contracts are executed, the parties to the contract may not envisage that disputes may arise...
Applying For A Value Added Service Licence The Telecommunication industry has grown over the past two decades, from the provision of the standard service of just making calls to a variety of services, including; payment of bills, advertisement, caller tuners, voting on your favourite entertainment shows,...
Intellectual property law governs intangibles otherwise known as ‘creations of human intellect’. Intellectual property laws are very useful and supports industries, ranging from the food industry, fashion industry, telecommunication, Art and entertainment, technology etc. which contribute billions of dollars to the Nigerian economy. This snippet explores...
Introduction Estate Planning is the process of making arrangements on how the assets of a person would be managed in the event of incapacity or demise. A Will is one of the major tools used in an estate planning exercise and this will be discussed below. ...
EFFECT ON THE REAL ESTATE SECTOR COVID-19 is currently exhibiting negative effects on the real estate sector both locally and globally. Due to restrictions on movement forced on citizens by the government, a lot of businesses that require the physical presence of its staff on...
Background In March 2020, the World Health Organization declared the Covid-19 a “Public Health Emergency of International Concern”. In layman’s term, a “Pandemic” and there is no doubt that the entire world has been shocked by the severe effects that the Covid-19 pandemic has had on...