DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANIES IN NIGERIA
Private and public limited liability companies are the most important forms of business entities in Nigeria, each serving different purposes and operating under different frameworks. This article examines the key features and differences between these two types of companies. Private Companies A private company, under the Companies and Allied Matters Act, is characterized by the […]
EMPLOYMENT TERMINATION LAWS IN NIGERIA
The employment relationship, by definition, determined through the interaction between employer and employee, provides a basis for situations of all terminations. This relationship in itself is birthed through a contract of employment-either in writing or oral-whereto one party agrees to employ the other, the latter agreeing to his provision as an employee. While the employer […]
UNDERSTANDING THE EXPATRIATE QOUTA SYSTEM IN NIGERIA
The expatriate quota system is an important component of Nigeria’s immigration framework, put in place to regulate the flow of foreign nationals seeking gainful employment in the country. It ensures that expatriates are employed in industries requiring specialized skills while reserving opportunities for Nigerian citizens. This balances the usage of foreign expertise with the nurturing […]
CORPORATE COMPLIANCE IN NIGERIA: ESSENTIAL GUIDELINES AND LEGAL REQUIREMENTS FOR BUSINESSES
For businesses aiming to thrive in Nigeria’s business landscape, understanding and adhering to the country’s regulatory environment is critical. Navigating the array of laws, guidelines, and directives issued by government bodies and regulatory authorities is referred to as regulatory compliance. Below is an in-depth overview of the regulatory compliance process for companies operating in Nigeria: […]
TENANT RIGHTS IN NIGERIA: LEGAL PROTECTION AGAINST UNINHABITABLE LIVING CONDITIONS IN NIGERIA
Tenants have the right to a safe and habitable home, no matter how little rent they pay. A “habitable home” means that the rental meets minimum living requirements, including a roof that does not leak rain, enough ventilation, solid floors and walls, protection from serious environmental hazards, and reasonable security against crime. In Chukwuma & […]
EXPLORING LAND OWNERSHIP TRANSFERS IN NIGERIA
In Nigeria, the transfer of land ownership is a nuanced process encompassing various methods to seamlessly transition legal rights from one party to another. Here’s an extensive breakdown of the key methods and considerations involved: Sale The sale of land involves the direct transfer of ownership from one individual to another in exchange for a […]
DECIPHERING BUSINESS AGREEMENTS IN NIGERIA
A business agreement is a formally binding contract entered into by parties seeking a collaborative business relationship to achieve a shared goal, while retaining their separate identities. To establish the agreement, the parties negotiate terms and conditions that outline their respective rights, obligations, and relationship prior to executing the contract, which reflects their mutual understanding. […]