HOW TO OBTAIN MONEY LENDERS LICENCE IN LAGOS, ABUJA AND DELTA STATE

INTRODUCTION Money Lending is regulated by various laws existing in the individual states where the business operates from. The Money lending business is regulated by the MONEY LENDERS’ LAWS OF LAGOS STATE, THE MONEY LENDERS’ ACT, CAP 525 LAWS OF FCT VOL 3 2007 in Lagos and Abuja respectively. PROCEDURE FOR OBTAINING THE MONEY LENDER … Continue reading HOW TO OBTAIN MONEY LENDERS LICENCE IN LAGOS, ABUJA AND DELTA STATE

THE DISTINCT FEATURES OF A LIMITED LIABILITY PARTNERSHIP AND A LIMITED PARTNERSHIP UNDER THE CAMA, 2020

The incorporation of Limited Liability Partnerships (LLP) and Limited Partnerships (LP) have been provided for under the recent enactment of the Companies and Allied Matters Act, 2020 (“CAMA 2020” or “the Act”). A crucial difference between LLPs and LPs can be seen in the description of the former under Section 746 (1) of the CAMA … Continue reading THE DISTINCT FEATURES OF A LIMITED LIABILITY PARTNERSHIP AND A LIMITED PARTNERSHIP UNDER THE CAMA, 2020

REAL ESTATE INVESTMENT IN NIGERIA; THE NITTY GRITTY.

INTRODUCTION Time and again, due to a general lack of knowledge of the real estate industry, Nigerians and foreigners alike, either get defrauded investing their income in the wrong markets or express hesitancy in investing, as a result of the legal regime and relative opaqueness in the industry, this doesn’t have to be the case. … Continue reading REAL ESTATE INVESTMENT IN NIGERIA; THE NITTY GRITTY.

REGISTRATION OF MICRO-FINANCE BANKS IN NIGERIA

Microfinance Bank (MFB) is any company licensed by the Central Bank of Nigeria CBN to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer and non-financial services to microfinance clients. What distinguishes MFBs’ from deposit money banks are: (1)The smallness of loans advanced and/or savings collected. (2)The … Continue reading REGISTRATION OF MICRO-FINANCE BANKS IN NIGERIA

Trademark Registration in Nigeria.

A trademark is an intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source from those of others. The important elements to note about trademarks are its exclusivity, protection, identity and transferability. Section 9 of the Trade Marks Act, which governs trademark in Nigeria makes the provision … Continue reading Trademark Registration in Nigeria.