Legal News & Resources
Understanding Corporate Governance: Best Practices for Businesses
Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government,...
Protecting Your Intellectual Property in Nigeria: Tips for Startups and SMEs
As a startup or small business owner in Nigeria, protecting your intellectual property (IP) is essential to the success of your business. IP includes trademarks, patents, copyrights, and trade secrets. In this blog post, we will discuss the various types of IP...
Power of Attorney In Nigeria
Power of Attorney in Nigeria is a legal document that allows an individual to delegate their authority to another person who can make decisions and carry out actions on their behalf. The individual granting the power is known as the “Principal”, while the person...
Acquisition of Shares in a Nigerian Company by Foreign Investors (FPI)
Portfolio investors participate by purchasing shares in existing public companies (listed or unlisted) through the Nigerian capital market. According to Section 21 of the Nigerian Investment Promotion Commission Act, a foreign enterprise may buy the shares of any...
Nigerian Startup Act
On October 19, 2022, the Nigerian President, Muhammadu Buhari signed the Nigerian Startup bill into law. The Startup Act is seen as a welcome development within the technology scene in Nigeria. The Act applies to all companies incorporated under the Companies and...
Differences Between Public and Private Companies in Nigeria
When registering a company in Nigeria, most founders are usually stuck on which type of busi- ness entity they should register. There are differ- ent types of business entities that can be regis- tered pursuant to the extant governing law in Ni- geria, Companies and...
What NITDA’s New Draft Code of Practice Entails
The National Information Technology Development Agency (NITDA) is the primary body responsible for technology regulation in Nigeria. Accord- ing to Section 6B of the NITDA Act, the agency is vested with the function of providing guidelines to facilitate the...
How to register a trademark
Trademark can be defined “as a distinctive mark of authenticity, through which the products of particular manufacturers or the vendible commodities of particular merchants may be distinguished from those of others”. This definition is according to the Black’s Law...
Mergers & Acquisition in Nigeria (Part 1)
What are Mergers and Acquisitions? Mergers and acquisitions (M&As) are a general term that describes the consolidation of companies or assets through diverse types of corporate reorganization mechanisms, which include mergers, acquisitions, joint ventures,...