LEGAL IMPLICATIONS OF SUNLIGHTING: LEGALITY OF A SIDE HUSTLE?
The cost of living in Nigeria has risen to a new high, and this is heavily characterized by an increase in the cost of transportation, and food, among others. It is no surprise that employees nowadays often seek to supplement their income by working a second job or...
UNDERSTANDING THE GROUND(S) FOR DISSOLVING A MARRIAGE UNDER 2 YEARS IN NIGERIA
POV: Titi got married to Tolu on December 29, 2022, in the ABC International Ministries. The wedding was the talk of the town. Dignitaries were in attendance. Pomp, and pageantry; top notch. On the night of the wedding, this conversation ensued: Titi: I saw you...
TERMINATION OF EMPLOYMENT: IS AN EMPLOYER LIABLE TO PAY FULL SALARY WHERE A CONTRACT IS TERMINATED WITHIN A NEW MONTH?
The Labour Act, of 2004 regulates employment relationships between employers and employees as it defines the rights, duties, and obligations of the employers and employees and provides a clear procedure on how an employment contract may be terminated. Termination of...
Naira redesign policy: What you need to know
Over the years, the Nigerian legal tender has been redesigned four (4) times; the first time was in 1965 when Nigeria became a republic, and the main reason why it was redesigned was so that it could reflect that it was now being issued by the Federal Republic of...
How to attract investors for funding your startup
So you have a brilliant business idea, but, you need funds to push forward with this business idea or to grow it (whichever the case may be). This is where an investor comes into the picture. Investors are an invaluable resource for entrepreneurs, and they utilize...
Legal Considerations for a startup in the funding phase
Congratulations! Your start-up is taking off, and you want to expand it by raising money. Regardless of the option of funding chosen, raising capital can be quite a tedious process that requires a considerably high level of preparedness. You may think you are ready in...
An overview of types of banking licenses in Nigeria
According to the International Monetary Fund (IMF), the principal role of banks is to “take in funds called deposits from those who need them, pool them and lend them to those who need funds.”[i] Banks thus play such a vital role in the economy of every nation by...
Custody of Children in Divorce proceedings: Legal Considerations
The Holy Book[1] couldn’t have said it better that ‘Children indeed are the gift of God, and happy is a man that has his quiver full of them”.[2]One of the most sensitive parts of a divorce proceeding is the custody of children from the union sought to be dissolved....
Legal modalities for registration with NIPC
The Nigerian Investment Promotion Commission (NIPC) was established to encourage, promote and co-ordinate investment in the Nigerian economy, amongst others.[1] The Commission is empowered by the Nigerian Investment Promotion Commission Act, 1995, which mandates all...