INTRODUCTION Counterfeit drugs are drugs deliberately and fraudulently mislabeled with the intent to deceive and profit. They are rarely efficacious and are often dangerous and detrimental to public health. The Nigerian Fake Drugs and Unwholesome Processed Foods (Miscellaneous Provisions) Act (CAP C34, 2004)[1] defined fake drugs to mean: ”any drug or drug product …
CREATING A GREEN AND CLEAN FUTURE THROUGH THE IP SYSTEM IN NIGERIA
The 26th of April is designated to celebrate the strides and contribution of intellectual property across the world. Every year a theme is chosen to mark the intellectual property day. For the year 2020, the theme ‘Innovate for a Green Future’ has been chosen, the theme not only encourages environmentally friendly innovations but also …
Innovate For A Green Future
The World Intellectual Property Day is an annual celebration which emphasizes on the importance of Intellectual Property rights and to celebrate creativity and innovation across the globe. The theme of the 2020 World IP day focuses on how intellectual property rights encourage green innovation. It emphasizes on Intellectual Property and Innovative technologies that protect …
Venture Capital Financing: What Every Startup Must Know
Venture capital funding has become very popular with startups seeking financing these days. The number of venture capitalist (VC) firms has continued to grow, with venture capitalist seeking startups having high-risks and potential for high-returns. Venture capital financing are not easy to obtain or close, however, startups will be better positioned to obtain them if …
Covid-19 and the presidential directive on lock down in 3 major cities
COVID-19: The constitutionality of President M. Buhari’s lockdown of 3 major cities in Nigeria. During his latest state of the nation address on March 29, 2019, President Muhammed Buhari in a bid to curtail the spread of the coronavirus announced that there will be fourteen days (14) lockdown in Lagos State, Ogun State and the …
The Impact of the ELIGIBLE CUSTOMER REGULATION 2017 (Part 2)
In Part 1 of this series we looked at what constituted the Eligible Customer policy directive, the categories of Eligible Customers and its impact on the NESI.
Regulatory Framework for Foreign Company Incorporation in Nigeria (Part 2)
In Part 1 we had discussed the first three steps in registering a foreign company in Nigeria which included incorporation at CAC, obtaining a TIN as well as registering for VAT with FIRS, opening a domiciliary account and obtaining a certificate of capital importation.
The Impact of the ELIGIBLE CUSTOMER REGULATION 2017 (Part 1)
The then Minister of Power, Works and Housing made a declaration taking effect on 19 May 2017 which allows eligible consumers purchase electrical power from generating companies (GenCos), this declaration was in accordance with section 27 Electric Power Sector Reform Act (EPSRA) 2005
Regulatory Framework for Foreign Company Incorporation in Nigeria (Part 1)
A foreign company interested in setting up a new company, subsidiary or a Joint Venture in Nigeria will need to meet certain basic regulatory framework which will legalize its entry into the country.
Interconnected Minigrids: Bridging The Gap Between On-Grid And Off-Grid In Nigeria
Despite the N700 billion and another N600 billion intervention fund to ameliorate the liquidity crisis plaguing the power sector, it is still in murky waters. Along the power value chain we find that gas Generating Companies (GenCos) are unable to pay their suppliers and are currently facing liquidation threats as a result of huge indebtedness …
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