Few months ago, our firm was engaged by a client in the UK to conduct due diligence on a startup in Nigeria. The latter was considering investing in it. Here are a few lessons from my experience I believe startup founders and investors should consider when raising funds from investors; 1. Make it easy for...
On the 27th of July 2022, the Nigeria Startup Bill (NSB) passed its third reading at the House of Representatives. Following this development, the Bill has completed its law making phase at the National Assembly. The Bill currently awaits the Assent of the President to be signed into Law. This is no doubt a promising...
If you own a business in Nigeria and wish to expand your market base across the world without migrating to another country, the easiest and most effective way of doing so is to set up a company in the country in which your target market is located. For most startups and companies, the United States...
Are you an early stage startup founder looking to raise money in the United States? Do you own a business and you are looking to access the American market? Then this is for you! The United States no doubt plays host to a large and diverse market base. According to the National Venture Capital Association...
Having recognized the relevance of information technology as a critical infrastructure in society which must be safeguarded, regulated, and protected against online harm, the National Information Technology Development Agency (NITDA), on the 13th day of June 2022, announced the release of a Draft code of practice for interactive computer service platforms/Internet Intermediaries. SCOPE...
INTRODUCTION A trademark is a sign capable of distinguishing the goods or services of one enterprise from another. Trademarks are intellectual property rights. Brand names, product names, slogans, and logos, e.t.c. all qualify as trademarks in Nigeria. The Trade Marks Act, Cap T 131, Laws of the Federation of Nigeria, 2004 is the principal legislation...
INTRODUCTION Early this week, famous Nigerian comedian and skit maker Chukwuemeka Emmanuel, popularly referred to as Oga Sabinus made headlines over the internet with respect to his demand notice to Friesland Foods Wamco Nigeria Plc for payment of one billion naira as compensation and damages for unauthorized use of his trademarked slogan “something hooge” while...
Undoubtedly, one out of the top five challenges businesses face globally is hiring the right workforce and retaining them. One of the easiest ways to create a stable workforce in your business is by setting out in clear terms your expectations from your recruits before they come on board. This can be done through an...
INTRODUCTION For most Nigerian startups with little or no financing locally, having a holding company whose parent company is set up in business and investor friendly countries such as US, Mauritius, Singapore, etc. is considered to be a strategic move. This is largely due to the fact most investors are more comfortable investing in holding...
Recently, the Central Bank of Nigeria (CBN) fined 3 commercial banks (Stanbic IBTC, Access Bank and the United Bank for Africa (UBA), for flouting its crypto currency trading restriction issued a year ago. According to the Apex Bank, some of the violations carried out by the above mentioned banks include; Operating accounts used for crypto trading Failure...
