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Introduction From our understanding as company secretary of various companies in Nigeria, the meetings, proceedings and decision-making process of directors are largely in accordance with the provisions of their company’s articles of association. This means that business men in Nigeria have a chance to decide …

1. Who is a director under Nigerian law? Under Nigerian law, there are three (3) types of directors: the executive directors, the non-executive directors and the shadow directors.  Executive directors are those directors who are involved in the day-to-day management of the company’s business usually …

Who is a venture capital manager? Venture capital is a private equity and finance services firm that helps startup companies and small businesses to realize their long-term growth potentials through funding, planning, marketing and other necessary support in exchange for equity stake in the business.  The …

1. Strong Regulatory Supervision Builds up in the Fintech Lending Industry In November 2021, the Federal Competition and Consumer Protection Commission (“FCCPC”) announced that a Joint Committee was set up by the Federal Government to tackle violation of consumer rights and unfair practices in the money …

Introduction A Micro Finance Bank (“MFB”) is a subsector company in the financial industry licensed by the Central Bank of Nigeria (“CBN”) to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer and non-financial services to individuals …

1. Introduction Confirmation of a probationary contract is a rather vexed topic amongst human resource practitioners (and some employment lawyers) in Nigeria. There is some degree of confusion around the power of employer to confirm, delay or refuse confirmation of probationary contract at will as …

Registration of companies in Nigeria is easy and seamless for those who are familiar with the Nigerian law, the company classifications and necessary requirements for the digital incorporation procedure of the Corporate Affairs Commission (CAC) using the https://pre.cac.gov.ng/. There are about 11 pages of the …

Introduction Divorce is a legal means of bringing a statutory marriage to an end through the court system. Whenever an aggrieved spouse is contemplating a separation, it is better to speak to a family lawyer for proper guidance on the best way to go.  It …

As government continues to enact laws that encourage growth and inclusion in the real estate sector; investors, developers, landlords and tenants continue to deal with the varying realities and challenges the sector. Realities such as the increasing cost of building materials which is eventually transferred …

Registration of companies in Nigeria can now be completed in 24 hours after submission. The registration process is 100% digital. So, it is important that those handling your registration process should do so with the necessary knowledge and experience of the extant company law and …