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02 Nov Data and Privacy Laws in Nigeria

Contrary to the belief that that there are no comprehensive legislations regulating data protection and privacy in Nigeria, there are three principal legislations in this regard and they include the following: The Constitution of the Federal Republic of Nigeria, wherein Section 37 states that "The privacy...

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13 Oct Corporate Restructuring: Equity/Debt Finance or Winding Up

Many companies today face different financial challenges without understanding the available options to break, mitigate or overcome same, that is, Corporate Restructuring. Instead, they suffer the side effects of these challenges such as redundancy, uncontrollable increase in debt and winding up. Corporate restructuring involves the reorganization...

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25 Sep Immigration Regulations 2017

    In its bid to make carrying on business in Nigeria easier, and to attract more foreign investment, the Nigerian Immigration Service recently released a regulation called the Immigration Regulation 2017 (“the Regulations”). The Regulations also aim to curb the abuse of immigration permits by foreigners...

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18 Aug The Practice of Upstamping in Nigeria

Introduction Under Nigerian law and in particular debt financing, security is typically created in favour of a lender by the use of varying security documents inter alia mortgages, share charges, debentures. In order to perfect the aforementioned security documents, same are required to be stamped at the...

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28 Jul MSMEs: Use of Security in Accessing Funds

Introduction Micro, Small and Medium Enterprises (MSMEs) are a key sector of the Nigerian economy.  MSMEs contribute to roughly 47% of the GDP in Nigeria and are seen as significant contributors to employment generation and poverty amelioration. One of the major challenges faced by MSMEs is the...

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