The Pension Reform Act 2014, which repealed the Pension Reform Act No. 2 of 2004 (repealed Act), was signed into law on the 1st day of July, 2014. The Pension Reform Act governs and regulates the administration of the contributory pension scheme for both the public and private sectors in Nigeria. The crux of the […]
BRIEF EXPLANATION OF THE PENSION REFORM ACT 2014: FOR SMEs AND MSMEs Read More »
In today’s fast-paced business world, especially within the dynamic Nigerian economy, corporate governance has become an essential element for any business aiming for success. Governance is not just about complying with regulations or ticking boxes; it’s about building trust, mitigating risks, and creating the foundation for sustainable growth. For businesses in Nigeria, where challenges like
The Strategic Imperative of Corporate Governance for Nigerian Businesses Read More »
Imagine that in an average Nigerian home today, a 40-year-old man informs his 35-year-old wife that he is going to see his lawyer to write his will. The following conversation will be the likely aftermath of that information. Wife: Are you sure you’re okay? Man: Of course, I am. Wife: Are you suffering from any
WILLS: DEFINITION AND EXPLANATION Read More »
The functions of a lawyer cut across various aspects of society, varying from social to business to economic and even family institutions. However, society seems oblivious to this fact. Before delving into the nitty-gritty of this topic, it is important to explain what business-to-business (B2B) transactions entail. A B2B transaction is a form of transaction
ROLE OF LAWYERS IN BUSINESS-TO-BUSINESS (B2B) TRANSACTIONS OR RELATIONSHIPS Read More »
DOES MAKING A WILL ANTICIPATE DEATH? Apparently, walking up to an average Nigerian and asking them if they have a will can cause an uproar. The thought of you wishing them death is the next thing that pops up in their minds. Whereas, having a will does not mean you’re increasing your susceptibility towards mortality;
LET’S CLEAR SOME AIR AROUND WRITING WILLS! Read More »
You are an exceptional creative! You have worked tirelessly to create a unique and beautiful work of art. You put it out there for the world to see, and after a while, you discover that some people have stolen and copied your work without giving credit to you. You are so frustrated, but then, as
Intellectual property (IP) is the area of law that borders on the protection of the intellectual assets of individuals. IP law consists of the following: copyright, trademark, patent, and industrial design. In this article, we would be discussing what copyright is all about with a focus on the meaning and nature of the Copyright Act,
COPYRIGHT LAW IN NIGERIA AND THE CREATIVE Read More »
A trademark is one of the most important intangible assets of any business; it permits uniqueness in branding and also distinguishes businesses from one another. The need to differentiate businesses, especially those with similar natures, from time immemorial triggered the emergence of trademarks and continues to prompt their evolution. A trademark is simply any unique
TRADEMARK AND ITS IMPORTANCE TO BUSINESSES (ESPECIALLY STARTUPS) IN NIGERIA Read More »
In law, illiteracy does not just imply its literal meaning; it transcends the lack of conventional academic knowledge or having passed through the four walls of an educational institution. The issue of illiteracy in law arises when a person is unable to comprehend terms contained in a contractual document. Therefore, within the context of contracts,
THE TERM ILLITERACY IN CONTRACTUAL RELATIONSHIPS: WHAT IT CONNOTES Read More »
An insurance refers to a contract of indemnity; it is a contract whereby the insurer agrees to indemnify the insured where he suffers an unforeseen loss of a particular kind in exchange for a monetary consideration paid by the insured (that is, a premium). Thus, the purpose of insurance contracts is to cushion the loss
A BRIEF ANALYSIS OF INSURANCE CONTRACTS IN NIGERIA Read More »
