A private lending company is a company engaged in consumer and commercial money lending operations in Nigeria. This means the business of giving customers a loan with the agreement that it will be paid at a later agreed date with interest rates accrued on it. Private lending companies are subject to the regulation of the [...]
NIGERIA NOTAP REGISTRATION The National Office for Technology Acquisition and Promotion (NOTAP) is a government agency with the Federal Ministry of Science and Technology charged with the responsibility of implementing the acquisition, development, and transfer of foreign technology into Nigeria. It is governed by the National Office for Technology Acquisition and Promotion Act CAP N62 [...]
BUSINESS AGREEMENT IN NIGERIA PARTNERSHIP AGREEMENT A business agreement is entered into or created by parties who are desirous of entering into a business relationship to accomplish a specific task or business goal while retaining their separate identities. Parties to a business transaction negotiate terms and conditions of their transaction and execute a formally binding [...]
ATTESTATION OF MARITAL STATUS A single status certificate is an affidavit that testifies to the fact that a man or woman has never been married before and that there is no record within the country (Nigeria) in this instance of the person being married. It is usually required as someone proof or attestation of marital [...]
REQUIREMENTS FOR NAFDAC GLOBAL LISTING PERMIT The registration of products under global listing with the National Agency for Food Drug Administrative Control (NAFDAC) is only applicable to food and cosmetics items produced in large quantities. The NAFDAC Global Listing license or permit is relevant where an importer or supermarket’s owner intends to import branded items [...]
DOCUMENT ATTESTATION IN NIGERIA There are several reasons why anyone would want to legalize a certificate or any other documents. Attestation of documents in Nigeria is usually required for documents, which are required to be used for any official or private purpose abroad. Documents that are issued either by the Local, State or Federal Governments [...]
LEGAL RETAINER IN NIGERIA Legal Retainership can be defined as a contractual relationship between a hired lawyer and a client (Individual or Corporation) specifying the nature of the services to be rendered and the cost for rendering such services. Retainership may involve managing a cause, instituting or defending an action, or performing general legal services [...]
Money Lenders License in Lagos & Abuja Nigeria A Money Lending License in Nigeria can be granted to an individual or a corporate body. However, obtaining the moneylender license through a corporate body is more advisable. The money lenders license in Abuja and in other states in Nigeria is obtained or commenced through the Court. [...]
DUE DILIGENCE IN NIGERIA Due Diligence is the level of care or judgment put into a particular circumstance. Legal due diligence in Nigeria is more of a process that involves collecting, understanding, and assessing all legal risks, carried out on a target company. Legal due diligence is necessary when conducting a business transaction, investments, or purchase of [...]
NAFDAC REQUIREMENTS FOR PRODUCT REGISTRATION NAFDAC APPROVAL PROCESS The National Agency for Food Drug and Administration Control (NAFDAC) is responsible for controlling, maintaining the distribution of transportation, advertisement, exportation, importation, manufacture, and the registration of the categories of products such as drugs, chemicals, consumable goods, cosmetics, biological, and medical services. The NAFDAC Requirements for production [...]
REGISTRATION OF FINTECH COMPANY Financial technology, popularly referred to as FinTech, is the new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. This is a fast-rising sector in Nigeria as there has been significant investment in technology and investments in recent years. This brief write-up will [...]
Independent power projects in Nigeria are entities non-public utility companies operating and investing in power generation facilities for the purpose of power generation and sale in Nigeria. The private sector financed infrastructural developments have become the best alternative in developing economies and the reason being that although Nigeria is endowed with oil, gas and solar [...]
TRADEMARK REGISTRATION OFFICE TRADEMARK AGENT IN NIGERIA The trademark registration office in Lagos Nigeria is a place where a trademark agent or lawyer can be contracted for a trademark filing. A trademark agent such as the Resolution Law Firm maintains two offices in Lagos where a trademark application can be submitted for registration. The addresses [...]
Introduction Arbitration is a private dispute resolution mechanism established for the settlement of disputes by a neutral third party (the Arbitrator) or panel of neutrals referred to as the Arbitral Tribunal. Amongst the key features of the arbitration process is the parties’ agreement to arbitrate. The agreement to arbitrate is the foundation of any valid [...]
