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  • Procedure for Obtaining Banking Licence and Prospects in Banking Business in Nigeria

    Procedure for Obtaining Banking Licence and Prospects in Banking Business in Nigeria

    Published: 08 Jan 2018

    Laws and Regulations The key legislations include; Companies and Allied Matters Act (“CAMA”) – Banks operating in Nigeria are corporate bodies which must be incorporated as a company in compliance with the requirements of CAMA. The Banks and Other Financial Institutions Act (“BOFIA”) prescribes that all Banks must possess a valid license issued under BOFIA to carry on banking business in Ni...

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  • Common Disputes And Essential Provisions In A Construction Contract In Nigeria

    Common Disputes And Essential Provisions In A Construction Contract In Nigeria

    Published: 13 Dec 2017

    A Construction Contract ("the Contract") like every other contract spells out the terms upon which the parties bind themselves before, during and after a construction work ("the work"). For the work to meet the expectation of the Employer and for the Contractor to satisfactorily deliver the work, certain provisions must be included in the Contract to define the positions of the...

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  • An Appraisal Of Business Potentials And Legal Framework In Nigeria's Solid Minerals Sector

    An Appraisal Of Business Potentials And Legal Framework In Nigeria's Solid Minerals Sector

    Published: 05 Dec 2017

    Nigeria is richly endowed with a variety of solid minerals of various categories varying from precious metals to stones and also industrial minerals. Much of these minerals are yet to be exploited. Statistically, the level of exploitation of these minerals is very low in relation to the extent of deposits found in the country. Recent policy reforms have brought the solid minerals sector to the for...

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  • Commercial Litigation and ADR Mechanisms in Nigeria

    Commercial Litigation and ADR Mechanisms in Nigeria

    Published: 22 Nov 2017

    Litigation is the most common form of dispute resolution in Nigeria.  Its origin is entrenched in the English common law. Oftentimes, litigation is cumbersome because of ingrained culture of litigation which results in overflow of cases and delay in adjudication. This is bad for business and business relationships. The need for a more efficient dispute resolution process has contributed to th...

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  • Legal Issues arising from a Technical Expatriate’s Business in Nigeria

    Legal Issues arising from a Technical Expatriate’s Business in Nigeria

    Published: 12 Oct 2017

    Apart from the oil and gas sector which remains the mainstay of Nigerian economy, the technical knowhow of expatriates are also needed in other budding sectors of the Nigerian economy such as tourism, mining, agriculture, manufacturing, power, real estate, construction, cable television and telecommunication. For expatriates to carry on their businesses in Nigeria some legal issues arises and same...

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  • The Rise Of Alternative Resolution Mechanisms In Nigeria

    The Rise Of Alternative Resolution Mechanisms In Nigeria

    Published: 26 Sep 2017

    In the course of business, it is inevitable that disputes will arise occasionally among business associates. While commercial disputes are common, the way they are handled can have a profound impact on the profitability, viability and survival of the business. It is true that full blown disputes are always bad news for a business venture as they can lead to poor performance, scare investors, produ...

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  • Jurisdiction of Nigerian Courts on Statutory Marriages Contracted Outside Nigeria

    Jurisdiction of Nigerian Courts on Statutory Marriages Contracted Outside Nigeria

    Published: 19 Sep 2017

    Legislations Regulating Marriages in Nigeria The principal legislations regulating statutory marriages in Nigeria are: (a) The Marriage Act; (b) The Matrimonial Causes Act Cap M7, Laws of the Federation of Nigeria, 2004; (c) Matrimonial Causes Rules made pursuant to the Matrimonial Causes Act. Jurisdiction The main requirement for Courts to have jurisdiction in relation to matrimoni...

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  • Procedure For Adoption Of A Child Under Nigerian Law

    Procedure For Adoption Of A Child Under Nigerian Law

    Published: 13 Sep 2017

    The Child's Right Act, 2003 provides for adoption of a child in Nigeria. An application for adoption is made to the High (Family) Court accompanied with the following documents; (a) Where the applicant is a married couple, their marriage certificate or a sworn declaration of marriage; (b) The birth certificate or sworn declaration of age of each applicant; (c) 2 passport photographs of each ...

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