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IMMIGRATION AUDITS AND COMPLIANCE: A Necessity For Seamless Business Operations And Continuity

March 22, 2022

There is no doubt that the world is a global village. As the saying goes, “no man is an island” which could be extended to mean that no country deals in isolation. Nigeria like many developing countries encourage foreign direct investments (FDI) to boost its economy and as the largest economy in Africa, Nigeria attracts lots of FDIs within its regions thereby bringing about the influx of foreigners.

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EMPLOYERS’ RIGHTS IN TRADE UNIONIZATION DISPUTES

March 16, 2022

Over the years, the role of employers in unionization disputes has been a matter of great concern. The right of Employers to approach the Court in unionization disputes is often curtailed because of locus standi (right to sue). The reasoning for this is that employers ought not to interfere in the rights of employees to associate. Based on this, unionization disputes in Courts and Tribunals mostly occur between competing trade unions or trade unions and employees.

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LAGOS STATE INTRODUCES DATA PROTECTION BILL – Should Businesses Worry?

March 14, 2022

On the 25th of October 2021, the Lagos state Data Protection Bill (“LDPB” “Bill”) passed the second reading at the Lagos State House of Assembly. The long title of the Act, provides that the Bill is for a Law “to promote the protection of personal information processed by public and private bodies, establish minimum requirements for the processing and protection of personal information, establish the data protection commission and for connected purposes.”

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DEFINING LEGAL MILESTONES OF 2021

February 28, 2022

The Year 2021 was a very interesting year for Nigeria. The country grappled with many issues in the year – the economic impact of COVID – 19 and the “End SARS” protests with its resulting wanton destruction of lives and property; the decline in the value of Naira; the management of inflation among several other issues. It is also important to note the Federal and State Governments’ continuous strive to stabilize the economy and stem the tide of insecurity across Nigeria, particularly in the Northern part of the country. These issues will no doubt continue to dominate legal, economic and political discussions in 2022 being the year preceding an “election year”.

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ECONOMIC BENEFITS OF ESTABLISHING LAW FOR THE PROTECTION OF GEOGRAPHICAL INDICATIONS (GIs) IN NIGERIA

January 27, 2022

A Geographical Indication (GI) is a mark which identifies a product as originating from a specific geographical region, where a given quality, reputation, feature or attribute of such product is essentially due to its origin from the specific region. [1] Examples include Gruyere Cheese from Switzerland, Tequila from Mexico, Havana Tobacco from Cuba, Darjeeling Tea from India, Ijebu Garri and Ofada rice from Nigeria and Penja pepper from Cameroun.

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THE IMPACT OF SECTION 43(2) OF THE PLANT VARIETY PROTECTION ACT 2021

October 28, 2021

The introduction of the Plant Variety Protection Act (PVPA) in Nigeria created intellectual property (IP) right incentives to breeders as well as an access to foreign collaboration. The lack of a regulatory framework protecting IP in new plant varieties had discouraged foreign collaboration and partnerships with plant breeders in Nigeria.

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Plant Breeder’s Rights Under Nigeria’s Plant Variety Protection Act 2021

September 28, 2021

Modern plant breeding and improved agricultural techniques have enabled impactful yields in the agricultural sector, which were previously not recorded. Conversations have been had on how developing countries can key into opportunities associated with plant variety breeding, of which establishing regulatory and institutional frameworks that support plant breeding and protection of new varieties of plants have been at the fore.

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Contract Staff as a Means of Reducing Employer’s Staffing Cost – A Misconception or a Reality?

June 2, 2021

There is a growing usage of the word “Contract Staff” in the Nigerian employment space. This is highly attributed to an understanding that contract staffing is a means of resolving budgetary concerns of employers.

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Banking Regulation Newsletter – April 2021

May 26, 2021

In April, 2021 the CBN made a very significant policy initiative by extending its credit risk management system (CRMS) to other financial institutions (OFIs) aside from commercial banks, mortgage banks and non-interest banks.

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Banking Regulation Newsletter – March 2021

April 26, 2021

In March 2021, the Central Bank of Nigeria (CBN) once again re-emphasised its aggressive policy direction on diaspora remittances, as an important measure for addressing the perennial foreign currency squeeze. The Apex Bank has introduced a short-term Naira to Dollar policy to incentivize foreign currency remittances. The CBN also issued a new circular on the regulatory forbearance granted in 2020 (as part of the COVID-19 intervention) for the restructuring of credit facilities of other financial institutions.

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Japan Outbound Investment Guide – Intellectual Property, Immigration & Regulations for foreign innovators in Nigeria

April 20, 2021

Nigeria has recently reviewed and amended two principal laws regulating investments in the country: The Companies and Allied Matters Act 2020, which primarily regulates corporate entities, and the Finance Act 2021, which governs applicable taxes.

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The Finance Act: What Businesses in Nigeria Should Know

March 30, 2021

In this first series, we would be discussing the changes and innovations on a sector-by-sector basis as introduced by the Finance Act of 2020 (‘the Act’), which was signed into law on 31st December 2020 and came into effect on 1st January 2021.

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