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Nigeria Data Protection (Establishment, etc.) Act, 2023: An Overview

Nigeria Data Protection (Establishment, etc.) Act, 2023: An Overview

In the ever-evolving landscape of cutting-edge technologies like Artificial Intelligence, Machine Learning, and other ground-breaking innovations worldwide, governments are taking decisive action to safeguard the privacy and sensitive data of their citizens and...

Artificial Intelligence in the Legal Industry

Artificial Intelligence in the Legal Industry

Artificial intelligence (AI) has rapidly gained momentum and is being adopted by various industries worldwide. The legal industry is no exception, with law firms and legal departments turning to AI to improve efficiency and productivity, as well as to provide better...

Understanding Corporate Governance: Best Practices for Businesses

Understanding Corporate Governance: Best Practices for Businesses

Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government,...

Power of Attorney In Nigeria

Power of Attorney In Nigeria

Power of Attorney in Nigeria is a legal document that allows an individual to delegate their authority to another person who can make decisions and carry out actions on their behalf. The individual granting the power is known as the “Principal”, while the person...

Acquisition of Shares in a Nigerian Company by Foreign Investors (FPI)

Acquisition of Shares in a Nigerian Company by Foreign Investors (FPI)

Portfolio investors participate by purchasing shares in existing public companies (listed or unlisted) through the Nigerian capital market. According to Section 21 of the Nigerian Investment Promotion Commission Act, a foreign enterprise may buy the shares of any...

Nigerian Startup Act

Nigerian Startup Act

On October 19, 2022, the Nigerian President, Muhammadu Buhari signed the Nigerian Startup bill into law. The Startup Act is seen as a welcome development within the technology scene in Nigeria. The Act applies to all companies incorporated under the Companies and...

Differences Between Public and Private Companies in Nigeria

Differences Between Public and Private Companies in Nigeria

When registering a company in Nigeria, most founders are usually stuck on which type of busi- ness entity they should register. There are differ- ent types of business entities that can be regis- tered pursuant to the extant governing law in Ni- geria, Companies and...