TERMINATION OF CONTRACTS UNDER NIGERIAN LAW
In the case of most commercial relationships, parties negotiate and agree to terms and conditions, normally captured in a contract. A contract is the oral or written agreement that stipulates rights and obligations of parties enforceable by law. The termination of a contract has been defined as the expiration of the commercial relationship before the […]
FEDERAL GOVERNMENT LAND,GROUND RENT AND PERFECTION OF LAND TITLE IN NIGERIA
The legal problems concerning the administration of land vested in the Federal Government of Nigeria are discussed in this article, specifically regarding the payment of ground rent and perfection of land titles. It considers the relevant laws, including the Land Use Act, the Lands (Title Vesting, Etc.) Act 1975, and the Lagos State Land Use […]
HOW TO SET UP AN OIL AND GAS COMPANY IN NIGERIA
The oil and gas industry is one of the most important sectors in Nigeria’s economy, which has contributed immensely to the country’s GDP and provides enormous business opportunities. Setting up a company in such a sector requires a good understanding of the regulatory framework in Nigeria and compliance with multiple legal requirements. Below is a […]
HOW. TO OBTAIN A MANUFACTURING LICENSE IN NIGERIA
Manufacturing in Nigeria requires compliance with several regulatory regimes that ensure the quality of the product, safety for consumption, and protection of the environment. This guide describes critical steps, requirements, and regulatory bodies required to obtain a manufacturing license in Nigeria. Why is a Manufacturing License Necessary? The following are some important reasons why obtaining […]
EMPLOYMENT RELATIONSHIP AND TERMINATION IN NIGERIA: COMPLETE GUIDE TO LABOUR LAWS AND EMPLOYMENT RIGHTS
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 […]
GUIDE TO BUYING PROPERTY ON INSTALLMENT IN NIGERIA: STEPS,TIPS AND BEST OPTIONS
In 1999, one Femi, a landowner, sold five plots of land in Lekki Phase 1 to one Mayowa, an investor, for 15 million Naira with an outstanding balance of 10 million Naira due after twelve months. Possession was delivered to Investor Mayowa. He commenced developing one plot. Despite Femi’s repeated demands for the balance, for […]
CONSUMER RIGHTS AND PROTECTION UNDER NIGERIA’S FEDERAL COMPETITION AND CONSUMER PROTECTION ACT 2018: KEY INSIGHTS
E-commerce is experiencing an unparalleled growth rate in Nigeria, and this has consequently brought ease and convenience to consumers; however, such growth at an increasing rate has generated concern that online vendors would easily fall into committing infractions under the FCCPA, 2018-an Act that protects the rights of consumers and ensures fair competition. The FCCPA […]
TERMINATION OF EMPLOYMENT IN NIGERIA
Termination of employment is always a sensitive and relatively complex issue between employer and employee. Being an employer or employee, especially in the case of either, requires the awareness of the legal arrangement put in place for such regulation to keep you within the requirements of the law and undertake all measures for protection of […]
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: […]