BLOCKCHAIN APPLICABILITY IN NIGERIA: REGULATION AND POLICY INFORMATION

Posted on 9 April 202128 July 2021Categories Articles, BlockchainTags , , , , , , , , , , ,   Leave a comment on BLOCKCHAIN APPLICABILITY IN NIGERIA: REGULATION AND POLICY INFORMATION

By  Lucky Kiine Esq.  BACKGROUND With well over 160 companies accepting bitcoins for both offline and online transactions, the world over, it is easy to figure out the disruptive capability of the Blockchain technology. These companies include Microsoft, Overstock, Newegg, Purse.io, Namecheap, Hosterbox, Wikipedia, CheapAir, Gyft, BMW, ExpressVPN, AT&T, Etsy, Shopify, bitcoin.travel, NordVPN, Rakuten, Egifter to name a few. The big tech companies have not only embraced bitcoin, they are now advocating for its general acceptability through their various platforms and services … Continue reading “BLOCKCHAIN APPLICABILITY IN NIGERIA: REGULATION AND POLICY INFORMATION”

AN OVERVIEW OF PLEA BARGAIN IN NIGERIA

Posted on 16 March 2021Categories Articles, criminal justice systemTags , , , , , , , , ,   Leave a comment on AN OVERVIEW OF PLEA BARGAIN IN NIGERIA

By Adesina Selimllah Abimbola Plea bargaining is a negotiation which takes place between an accused person and the prosecution where the former pleads guilty to some of the offences which he is charged (usually lesser offences) while the latter agrees in turn to drop one or more of the other offences with which the accused is charged; or the accused person may plead guilty to one or more offences in return for the prosecution conceding to a milder penalty. A plea … Continue reading “AN OVERVIEW OF PLEA BARGAIN IN NIGERIA”

10 REASONS WHY SMALL BUSINESSES FAIL/SOLUTIONS

Posted on 11 May 202028 July 2021Categories Business, Entrepreneurship, Legal Advisor, StartupTags , ,   Leave a comment on 10 REASONS WHY SMALL BUSINESSES FAIL/SOLUTIONS

A lot of Start-ups spring up on a daily basis in Nigeria. Some of these businesses die shortly after set up. What are the possible reasons for such failure? Here are 10 reasons why businesses fail and what you must do to succeed in business: 1. Lack of clarity about the objective of the business: Don’t just start a business because other people are starting. You must be clear about the objective of your business; the problem which your product … Continue reading “10 REASONS WHY SMALL BUSINESSES FAIL/SOLUTIONS”

IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES

Posted on 18 April 202028 July 2021Categories Business, Entrepreneurship, Legal Advisor, Startup, TaxationTags , , , , , 1 Comment on IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES

By Lucky Kiine Esq. In October 2019, the Finance Bill was presented before a joint session of the National Assembly for reading. After a public hearing held in November of the same year, the House of Representatives and the Senate passed the Bill, which was then assented to by the President in January 2020. The Act introduces a significant amendment to the Companies Income Tax Act (CITA), Personal Income Tax Act (PITA), Capital Gains Tax Act (CGTA), Custom and Excise … Continue reading “IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES”

WHAT ARE THE BASIC REQUIREMENTS FOR PATENT?

Posted on 4 December 2018Categories Business, Entrepreneurship, Legal Advisor, StartupTags ,   Leave a comment on WHAT ARE THE BASIC REQUIREMENTS FOR PATENT?

    For an invention to be patentable, it must satisfy three basic requirements. It must be: (1) new (novelty); (2) result from inventive activity (inventive step); and (3) capable of industrial application. Novelty: Newness or novelty of a product is fundamental to patentability. The invention must not be previously known by others or previously available in the public domain. The invention claimed is set side by side with what is already known about the particular area of the invention. … Continue reading “WHAT ARE THE BASIC REQUIREMENTS FOR PATENT?”

THE NEED FOR PATENT PROTECTION

Posted on 23 November 201830 July 2021Categories Business, Entrepreneurship, Legal Advisor, StartupTags , ,   Leave a comment on THE NEED FOR PATENT PROTECTION

Patent is an exclusive right granted for an invention i.e. a product or process that provides a new way of doing something or provides a technical solution to a problem. It may either relate to a product (product patent) or to a process (process patent). A patent protects new inventions and gives the owner the right to prevent other persons from using, importing or selling the invention without the owner’s permission. In Nigeria, a patent is granted to the person … Continue reading “THE NEED FOR PATENT PROTECTION”

COPYRIGHT PROTECTION IN NIGERIA

Posted on 1 November 2018Categories Business, Entrepreneurship, Legal Advisor, StartupTags ,   Leave a comment on COPYRIGHT PROTECTION IN NIGERIA

A copyright is a form of protection provided by law to authors of original works. It is a set of exclusive right granted to the author or creator of an original work including the right to copy, distribute and adapt the work. Basically, copyright gives you ownership over the things you create. Copyright covers eligible works such as literary works, musical works, artistic works, cinematograph films, sound recording and broadcast. It should be noted that copyright registration is not a … Continue reading “COPYRIGHT PROTECTION IN NIGERIA”

INTELLECTUAL PROPERTY: WHAT YOU NEED TO KNOW

Posted on 30 October 2018Categories Business, Entrepreneurship, Legal Advisor, StartupTags , , ,   Leave a comment on INTELLECTUAL PROPERTY: WHAT YOU NEED TO KNOW

    Intellectual Property simply means creations of the mind like inventions; literary and artistic works; designs; symbols, names and images used in commerce. The law recognises and protects these products of the human intellect from unauthorized use by others. Intellectual property can be broadly classified into two: Industrial property and Copyright. Industrial property consists mainly of patents for inventions, industrial designs and trademarks. Copyright, however, is concerned with literary, artistic, musical works, cinematograph films, et cetera. Intellectual property rights … Continue reading “INTELLECTUAL PROPERTY: WHAT YOU NEED TO KNOW”

CO-OPERATIVE SOCIETY

Posted on 31 May 201830 July 2021Categories Business, Entrepreneurship, Legal Advisor, StartupTags , ,   Leave a comment on CO-OPERATIVE SOCIETY

Co-operative Society helps members develop a savings culture as it allows members set aside a certain amount of money and also gives members the opportunity of falling back on their savings to run their individual businesses. One of the features of Co-operative Societies is voluntary membership. In Lagos State, any 20 adults can voluntarily form a Co-operative and get it registered (It was formerly 10 adults). A person who has a common interest can join a Co-operative Society. Membership of … Continue reading “CO-OPERATIVE SOCIETY”