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For the smooth and easy setup of a foreign owned company in Nigeria, the business owner must comply with corporate laws of the new jurisdiction to guarantee a hitch free start of the business in Nigeria. It is therefore important for an individual or business entity to ask for legal advice from the best commercial lawyers in Nigeria; this would equally help in securing all statutory business permits and approvals required for the business operation…
International business law in Nigeria pertaining to specialized law of e-commerce, trading and cyber law are yet to be adequately provided for both statutorily, by way of Judicial case law, Common Law principles of law of Contract, the old Sales of Goods Act of 1893 and other regulatory commercial laws which were not provided for under the current law in Nigeria.   Although, UNCITRAL rules created in 1996 and amended in 1998 stipulated through the…
Buying or Leasing Property in Lagos and the Real Estate Law generally in Nigeria play a vital role on rules regulating human habitation, commercial, residential leases & development and business since land or property is one of the most important factors of production and the effects on people and businesses are enormous in real estate and property sector of Nigeria economy. The law that primarily govern Land purchase in Nigeria are Statutes, Common Law, Case…
Business and corporate world in Nigeria both Private and Public Companies Limited by shares and others are regulated by the Companies & Allied Matters Act. Specifically, section 7 of the Act empowers the Commission to administer the Act including the regulation and supervision of formation, incorporation, registration, management and winding up of companies and businesses in Nigeria. Also unlimited company, company limited by guarantee, business registration under part B, incorporated trustees under part C and…
The Comprehensive Healthcare Law, the Nigerian National Health Act (NHA) was passed by the law makers and signed into law in October 2014. The law provides among other things the legal framework for regulation, development, and management of Nigeria’s Health system. The law was divided into 8 parts detailing the entire legal framework and regulations of healthcare business in Nigeria.   Good and better health is fundamental to human happiness and everyday well-being. It also…
Law is a tool for positive change.  In a recent United Nation’s worldwide assessment of environmental rule of law, the report shows that environmental laws have grown impressively globally over the years and people have come to appreciate the vital connections between the environment, economic growth, public health, social cohesion, security and business. Consequently, irrespective of Nigeria as one of the largest members of OPEC and producer of Oil and also as a signatory to…
The evolution of artificial intelligence as a disruptive technology application solutions to education, engineering, finance, natural science, medicine, automotive, defense, agriculture, art, energy automation and mostly Law has created threat and fear that machines will soon take over all the traditional work of human in all the above subject and specifically the phobia that Artificial Intelligence (AI) will soon replace lawyers is a wrong assumption. Artificial Intelligence will only aid and make lawyers work more…
Financial technology (Fintech) is simply defined as the creative and innovative technology of providing financial services through electronic means by way of mobile banking, smart phones, investment services, digital transaction, crypto currency, virtual money and others against the regular and traditional banking institutions method.   The primary purpose of Fintech is to promote financial inclusion, access and enhancement of traditional financial institutions and communication services.   Also, the financial services of fintech mostly include Payment…
Nigeria, in the quest for global competitiveness has made modest progress in the world economic ranking in ease of doing business and as the largest Economy in Africa, the country must lead in reforms. It is also a good opportunity for leading law firm in Nigeria knowledgeable in commercial law to assist investors on any technical legal challenges of business law in Nigeria. The Nigerian Legislature in May 2018 passed some innovative and far reaching amendment…