INTRODUCTION: The Central Bank of Nigeria is empowered under the Central Bank of Nigeria (CBN) Act 2007 and the Banks and Other Financial Institutions Act (BOFIA) 2020, to issue legal tender, promote a sound financial system[1]and promote the development of electronic payments system in Nigeria. In February 2021, the CBN Read more…
INTRODUCTION A Pharmaceutical business in Nigeria can either operate as a retail pharmacy outlet, a community pharmacy, a hospital pharmacy, or an online pharmacy. Considering the growing demand for drugs and medicine to meet the needs of patients and consumers, it is important to understand the laws regulating the operation Read more…
1.0 INTRODUCTION With the Covid-19 outbreak wreaking havoc on businesses worldwide, many may need to restructure soon. Several areas of the Nigerian economy were ripe for restructuring even before the crisis. In order to thrive in today’s Nigeria, a company must have a tremendous desire to expand. This is because Read more…
INTRODUCTION When we hear the phrase “trust fund babies”, it is normal to automatically assume that children referred to as such have been left a huge amount of wealth to cater to their needs for life. Trust funds can be perceived as vehicles to secure the wealth of the wealthy Read more…
INTRODUCTION Health is vital and indispensable in every nation. Therefore, the importance and existence of a legal framework to govern a nation’s health sector cannot be overemphasized. Every legal document serves a purpose, as it reflects the needs, desires, and wishes of the maker of the document. Advance Directives are Read more…
INTRODUCTION Combining or aggregating several financial obligations to arrive at a net obligation amount is one approach to mitigating risks in financial contracts (such as derivative contracts). Financial derivatives are contracts for differences performed with the exchange of cash flows. A financial derivative is a security or financial instrument whose Read more…
INTRODUCTION In an era where Digital Financial service plays a key role in creating economic growth, Nigeria has experienced a slow pace of formal financial services provided by financial institutions, which includes electronic payments, savings, credit, insurance, and pension schemes. The Central Bank of Nigeria (CBN) recognized the need to Read more…
INTRODUCTION The Nigerian Securities and Exchange Commission (“SEC”) released the Proposed Guidelines on Minimum Operating Standards for Information Technology for Capital Market Operators (CMOs) pursuant to section 13(g) of the Investment and Securities Act 2007 to register and regulate corporate and individual capital market operators as defined in the Act. Read more…
INTRODUCTION Corporate Governance is seen as the combination of Rules, Laws, Practices, Processes, Policies, Resolutions, for the effective and prudent Management of an Establishment, Firm, Company, Organization, which would in turn produce long term and effective results. It reflects the principle of transparency, accountability, and security, it also reflects the Read more…
INTRODUCTION Credit Guarantee Schemes have been widely considered as one of the means of addressing the challenge of limited access to credit by Micro, Small, and Medium Enterprises (MSMEs). In Nigeria, the credit markets for MSMEs are characterized by market imperfections, collateral constraints, information asymmetry, and low-profit margins, among others. Read more…