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
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
INTRODUCTION The telecommunications industry is a thriving industry in Nigeria. The industry owes its steady success to the available market. Following the deregulation of the telecommunications industry in 1992,[1] private operators were permitted to provide services. However, the then Babangida administration lacked the will to fully implement the liberation policy.[2] Read more
INTRODUCTION Mergers and Acquisitions (M & A) are two of the most misunderstood words in the business world. Both terms often refer to the joining of two companies, but there are key differences involved in their usage.[1]They are the most favored or best financial means all over the world of Read more
INTRODUCTION The Central Bank of Nigeria on 15 March, 2022, released an exposure draft on guidelines for Bank Neutral Cash Hubs (BNCH) operations in Nigeria. This is in furtherance of its mandate to promote a sound financial system in Nigeria.[1] In collaboration with Banker’s Committee, the Central Bank of Nigeria Read more
INTRODUCTION As a type of tort, vicarious liability is where a person without fault becomes liable for the tort of another because of some pre-existing relationship between them like principal/agent relationship, employer/employee relationship. Under this doctrine, an employer/principal will be held vicariously liable for acts of his employee/agent done in Read more
INTRODUCTION Business forms part of the most important human activities as a means of livelihood for every individual. Being an economic activity, it is concerned with the production, distribution, and exchange of goods and services to earn profits by satisfying the unlimited wants of human beings. In the course of Read more
INTRODUCTION The word restaurant is derived from the French verb “restaurer”, which means to restore or refresh, and thus by usage means an establishment that offers food and drink for sale. The restaurateur is the person in charge of the restaurant.[1] It is no doubt that food production is one Read more
Further to the circular on the operational guidelines of the Global Standing Instruction (GSI) released on 13th July, 2020, the Central Bank of Nigeria (CBN) has, in a circular titled: “Re: Global Standing Instruction (GSI) – Individuals,” dated January 19, 2022, now amended the GSI to allow for continuous and Read more
Following the 11 rounds of bidding organized by the Nigerian Communications Commission, NCC in concert with the Federal Ministry of Communications and Digital Economy, during which Mafab Communications Ltd and MTN Nigeria Plc emerged the two successful winners of the 3.5 gigahertz (GHz) Spectrum auction for the deployment of Fifth Read more