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1. Introduction Microfinance Banks (“MFBs”) are subsector players licensed, regulated and supervised by the Central Bank of Nigeria (“CBN”) to provide access to financial services such as micro-savings, micro-credits, transfer services and other financial products targeted at the economically active poor. The CBN issued the …

What is a Bureau de Change? A Bureau De Change (“BDC”) is a registered business licensed by the Central Bank of Nigeria (“CBN”) to carry out or facilitate the sale, purchase or exchange of foreign currencies. A BDC is defined by the CBN’s REGULATORY AND …

There is some confusion amongst human resources professionals and in-house counsel about the validity and effect of an employee’s notice of resignation that is short of the period agreed in the employment contract. Corollary to the foregoing is the issue regarding whether an employer can …

1.   What is the meaning of Constructive Dismissal? In order to discourage hostile work environment, common law sides with an employee who has been subjected to a forced or compulsory resignation, especially where it is clear that the employer has pressured the employee into involuntary resignation …

1. What is a Finance Company? Finance companies are companies licensed as sub-sector or middle tier players in the financial system to complement the roles of banks and meet the needs of micro, small and medium enterprises. A Finance Company Business means the business of …

  Employers are usually faced with the challenge of how to balance the low productivity in business and their contractual obligations to workers amidst economic depression. Taking decisions in such circumstances may not be easy. No matter what the management or HR decides, an employee should never be asked, advised or forced to resign. …

  Some of the questions that human resources managers and employment lawyers will face are about the fate of a job applicant who was given an offer letter of employment and had accepted same before #Covid19 but was unable to assume duty because of the …

1. Introduction Following the outbreak of coronavirus (“covid19”) in most States in Nigeria, the governments have banned movement and convergence of people with the exception of essential service providers. This directive has crippled business activities in the non-essential sectors. Businesses now face huge economic challenges …

The National Information Technology Development Agency (NITDA), an agency of the Federal Government of Nigeria, in line with its mandate of promoting and regulating information technology in Nigeria, has announced its preparation to commence compliance enforcement with the Framework and Guidelines for Public Internet Access …

What is the value of a lawyer to your business team? Lawyers are viewed differently. Some businesses see their legal department as a valuable team player in every business decision of the organization, while others see lawyers as blockers who may not really understand what …