KNOW THE LAW

Introduction Logistics business has long been in existence. However, the outbreak of COVID-19 and the stay-at-home lockdown order prompted an increased need for the logistics industry, thereby making it more lucrative and it can be said to be one of the most profitable…

The Oil and Gas sector serves as a major source of revenue in Nigeria. Any person intending to start an oil and gas business in Nigeria must comply with the certain legal requirements. This write-up will give a breakdown of the step…

1.What is Contactless Payment? Contactless payment refers to a method of payment which enables consumers  to make payment for goods and services by tapping a contactless payment enabled credit card, smart card or device over a contactless- enabled payment terminal. It provides an…

Introduction In recent times, startups and financial servicing companies around the world have been sanctioned for breach of money laundering regulations. The use of digital platforms for the concealment of origin of funds obtained from illicit activities is also on the rise, which…

The National University Commission (NUC) is the statutory body regulating the procedure to open a private university in Nigeria. The NUC is empowered by the provisions of National Universities Commission Act 1974 and Education (National Minimum Standards and Establishment of Institutions) Act…

Forming a Political Party in Nigeria involves having an association of members constituted and ready for the proposed party to participate in an election. Any Individual who intends to run a political office must be a registered member of a Political Party…

The National Broadcasting Commission is the broadcast regulator of the Federal Republic of Nigeria. The National Broadcasting Commission is a parastatal of the Federal Government of Nigeria established by Section 1 of the National Broadcasting Commission Act, Cap. NII, laws of the Federation,…

An application software (app) is a program or group of programs designed to help customers perform particular activities. These apps, which are usually on our electronic devices, are used to control several things ranging from health & fitness, music, movies, online shopping,…

The private security guard companies are supervised by the Nigerian Security and the Civil Defense Corps (NSCDC). The procedure for how to register a security guard company in Nigeria must be commenced with the registration of a private limited liability company. Most individuals…

The National Pension Commission recently approved the guidelines to access Retirement Savings Account balance for payment of equity contribution for residential mortgage by RSA holders. The approval was in line with Section 89 (2) of the Pension Reform Act 2014, which allows RSA…