Tag: #CAC#CBNBUSINESS LICENCECOMPANY REGISTRATIONFINANCE COMPANY KORIAT LAWYERS KORIAT AND COLOAN AGREEMENTMICRO-CREDITMICROFINANCE LAWYERSMONEY LENDERSME LAWYERS BUSINESS LAWYERS

IS THERE A SPECIAL LICENCE FOR A MONEY LENDER COMPANY IN GHANA? Yes. No person shall carry on the business of micro lending or finance business in anywhere within Ghana unless the Bank of Ghana licenses it to do so. Ghana is becoming a destination …

1. Introduction The licensing of a money lender company in Oyo State is one of the functions of the Ministry of Trade, Investment and Cooperatives (“Ministry”) of the Oyo State Government. The Ministry would issue a moneylender company a professional/business premises registration certificate, which serves …

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 …

Section A: Preliminary Points on PSSP Licence in Nigeria As digital payment transactions continue to rise in Nigeria, interested investors  need to know what licence is suitable for their business model and the requirements for getting regulatory approval to enter the Africa’s most populous country …

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 …

Expatriate Quota: The regulatory process of employing a foreigner to work in Nigeria begins with the Expatriat Quota. Every company in Nigeria seeking to employ a foreigner into the country is required to obtain an Expatriate Quota from the Nigerian Immigration Service (“NIS”). Expatriate quota …

Social media is an essential part of the human space. Social media establishes the user’s online identity. A lot is happening on social media and human resource managers and, indeed, business owners cannot disregard the impact of online activities on their business or service. For …

i. Probation is a period of assessment of (1) an employee by the employer on suitability and competence and (2) of work environment by the employee to determine whether he/she should stay or resign. ii. All rights and obligations agreed to by the parties to …

In every credit business, the major questions on the mind of any financier are “how do I get my money back?” and “how seamless is it to do so?” As simple as the questions appear, they are not so easy to resolve in practice. The …