Business, Careers

What Nigerian Employers & Employees Should Know About the Law

What Every Nigerian Employers & Employees Should Know About Employment Law

Business Advisory, Business, Careers, Business, Entrepreneurs, Business, Small Business, Corporate & Commercial, Labour and Employment, Litigation and Alternative Dispute Resolution (ADR)

On 1st May, Nigeria joined over 160 countries in celebrating International Workers’ Day, a public holiday that offers not just celebration, but a time for reflection. It is also a reminder of how wide the gap is between Nigerian labour law as written and the realities in many Nigerian workplaces. – This gap is not merely academic, but has real commercial consequences. For businesses that are unaware they are being targeted for unfair dismissal claims, for employees whose rights are not known, and for employers who think a one-page offer letter is sufficient for an employment contract, this article examines both sides of the employment relationship, because Workers’ Day is not about one without the other.

Nigerian Lending - Perfection. Banks and Borrowers Keep Making These 5 Mistakes

Nigerian Lending – Perfection. Banks and Borrowers Keep Making These 5 Mistakes

Banking and Finance Law, Business Advisory, Business, Careers, Business, Small Business, Corporate & Commercial, Corporate Restructuring and Insolvency, Financial Services, Financial Technology (FinTech), Project Finance, Public-Private Partnerships (PPP), Startups and MSME Law

There is no loan facility stronger than the security that underlies it. Any bank that doesn’t properly secure its assets is not a secured creditor. And a borrower that does not understand its perfection obligations might find that its representations to its lender were false. These are five security perfection mistakes we see often and every party involved in a Nigerian credit transaction needs to know about them.