I HAVE A REGISTERED TRADEMARK IN MY COUNTRY, CAN I REGISTER THE SAME TRADEMARK IN NIGERIA?

Suppose you have a registered trademark in another country other than Nigeria for a name, logo, slogan, or design for your company’s product or services. You are wondering whether securing another trademark registration on the same brand in Nigeria is the right way to go. In that case, this article provides a comprehensive guide on…

0May 20, 2011May 20, 2011
CBN measures for settlement of disapora remittances

CBN NEW MEASURES FOR SETTLEMENT OF DIASPORA REMITTANCES

The Central Bank of Nigeria (CBN) recently released revised guidelines for International Money Transfer services in Nigeria. The guideline aims to liberalize the foreign exchange market, ensure transparency in foreign exchange transactions, boost diaspora remittances and other foreign capital inflows to Nigeria, promote efficient price discovery mechanisms and the evolution of an appropriate market-determined exchange…

0May 20, 2011May 20, 2011
How to open a bank account in Nigeria as a foreigner

HOW TO OPEN A BANK ACCOUNT IN NIGERIA AS A FOREIGNER OR FOREIGN OWNED COMPANY

Opening a bank account in Nigeria as a foreigner is a crucial step towards establishing your financial foothold in one of Africa’s largest and most dynamic economies. Whether you are an expatriate, a business investor, or an international student, having a local bank account is essential for seamless financial transactions and integration into the Nigerian…

0May 20, 2011May 20, 2011
How to obtain NIN in Nigeria as a foreigner

HOW TO OBTAIN NIN IN NIGERIA AS A FOREIGNER

It is important for foreigners residing in Nigeria to obtain a National Identification Number (NIN), which is issued by the National Identity Management Commission (NIMC). This eleven-digit number serves as a unique identifier and is crucial for various legal and administrative purposes such as banking transactions, accessing healthcare services, obtaining a driver’s license, and other legal…

0May 20, 2011May 20, 2011
What happens when a bank licence is revoked

WHAT HAPPENS WHEN A BANK LICENCE IS REVOKED

The banking industry is built on trust and stability, with financial institutions serving as the backbone of modern economics. However, when a bank’s licence is revoked, the implications can be far-reaching and devastating. This rare but significant event can have a profound impact on the bank’s customers, employees, and the broader financial landscape. The revocation…

0May 20, 2011May 20, 2011
How to set up a pharmacy in Nigeria

HOW TO SET UP A PHARMACY IN NIGERIA

Similar to other professions, registering a pharmacy in Nigeria follows a structured process that requires adherence to specific regulatory guidelines. These processes ensure that pharmacies operate within established frameworks to maintain professional standards and safeguard public health. This article offers a detailed guide on who qualifies to set up a pharmacy in Nigeria, how to…

0May 20, 2011May 20, 2011
CBN WITHDRAWS GUIDELINE ON CYBERSECURITY LEVY

REGULATORY UPDATE: CBN WITHDRAWS CIRCULAR ON CYBERSECURITY LEVY

On the 6th of May, 2024, the CBN issued a circular directing all banks, financial institutions, and payment service providers to remit 0.5% of all electronic transactions as cybersecurity levy to the National Cybersecurity Fund (NCF). Our article examined the scope of the guideline. The circular has since its publication been met with mixed reactions…

0May 20, 2011May 20, 2011
SEC NEW RULES ON ALLOTMENT OF EQUITY SECURITIES BY PRIVATE COMPANIES

SEC NEW RULES ON ALLOTMENT OF EQUITY SECURITIES BY PRIVATE COMPANIES

Security and Exchange Commission (SEC) on 7th of May 2024, passed a Rule ‘Exposure of proposed New Rules on the Issuance and Allotment of Private Companies Securities. Apart from regulating how securities are issued by private companies, the new rule is also aimed at providing alternative fundraising options to private companies. In this article, we’ll…

0May 20, 2011May 20, 2011
CBN Guideline on Cybersecurity Levy

NEW CENTRAL BANK OF NIGERIA’S GUIDELINE ON CYBERSECURITY LEVY

On May 6, 2024, the Central Bank of Nigeria issued a circular directing all banks, financial institutions, and payment service providers to remit 0.5% (0.005) of all electronic transactions to the National Cybersecurity Fund (NCF). In this article, we will explore the scope of the guidelines and recent developments since the issuance of the directive….

0May 20, 2011May 20, 2011
Doing business in the free trade zone in Nigeria

DOING BUSINESS IN THE FREE TRADE ZONE IN NIGERIA

Nigeria is committed to attracting foreign investors and promoting economic growth in the country. To achieve this, the government has established free trade zones where businesses can operate without paying taxes or other fees. These areas are available to both local and foreign companies, and offer significant tax incentives, including tax holidays. In this write-up,…

0May 20, 2011May 20, 2011