Category: Uncategorized

The registration and licensing of a vehicular tracking company in Nigeria are regulated. The process, procedure, requirements and costs for registering and obtaining the operational license are discussed below in a question and answer format: What are the requirements for registering a vehicular tracking company …

Sports betting is one of the categories of permissible lotteries in Nigeria under the National Lottery Act 2005 (“NLA 2005”) and, of course, each State has its own law regulating sports betting activities within each State (e.g. the Lagos State Lotteries (Amendment) Law 2008 (“LSLL …

  What is an Offshore Safety Permit? There are regulatory requirements for traveling either by helicopter or boat to offshore/swamp facilities; oil and gas platforms, rigs, work barges, marine vessels, work boats owned or operated by operators/contractors in the Nigerian oil and gas industry. Offshore …

  What is Crowdfunding Intermediary License?  Crowdfunding is the process of raising funds from the public to finance a project or business (in exchange for the issuance of shares, debentures, or such other investment instrument) through an online platform called crowdfunding portal. In order to …

What is a Staff Poly or Employee Handbook? Is it required by labour law? Staff Policy or Employee Handbook is a body of rules or contract of a company which regulates the internal affairs of a company as well as its relationship with its employees. …

The Nigeria’s mutual funds industry is valued at N1.58 trillion as at the last quarter of the year 2020. The industry is largely dominated by the big five (controlling about 75% of the asset under management (“AUM”) in Nigeria). As of October 2020, the Stanbic IBTC …

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 …