Business Law
MATERIAL FACTS IN AN INSURANCE CONTRACT
By Vanessa Irenuma MATERIAL FACTS IN AN INSURANCE CONTRACT A “material fact” in an insurance contract refers to a key piece of information or detail that could significantly influence the terms and conditions of the insurance policy. Insurance companies rely on the accuracy and completeness of information provided by the policyholder to assess risk and determine the premium, coverage limits, and terms of the policy. Failing to disclose material facts or providing false […]
E-COMMERCE AND ONLINE CONTRACT IN NIGERIA
By Vanessa Irenuma Introduction: E-commerce in Nigeria has experienced significant growth in recent years, driven by factors such as increased internet penetration, the proliferation of smartphones, and a growing middle class with disposable income. Online contracts are a crucial aspect of e-commerce, as they govern the terms and conditions of transactions conducted over the internet. Let’s discuss e-commerce and online contracts in Nigeria: E-commerce in Nigeria: 1. Market Growth: Nigeria’s e-commerce sector has witnessed substantial […]
Notarisation of Documents in Nigeria: A Comprehensive Guide
Introduction Notarisation is an essential process in Nigeria for validating legal documents. It ensures that documents are authentic, properly executed, and legally recognized both within and outside the country. Many official transactions—ranging from business registrations to immigration applications—require notarised documents to confirm their legitimacy. Understanding how notarisation works in Nigeria can help individuals and businesses navigate legal processes smoothly. What is Notarisation? Notarisation is the process of certifying a document by a Notary Public, a […]
Dropshipping in Nigeria: A New Era of E-Commerce
The e-commerce landscape in Nigeria has experienced a significant transformation in recent years, with dropshipping emerging as a popular and lucrative business model. This innovative approach to retail has empowered entrepreneurs to start online businesses without the need for massive upfront investments in inventory, making it an attractive option in a country known for its entrepreneurial spirit. In this article, we’ll delve into the world of dropshipping in Nigeria, exploring its advantages, challenges, and the […]
Online Shopping: Convenience, Security, and Choice
Introduction In the digital age, online shopping has emerged as a transformative force, reshaping the way people shop and revolutionizing the retail landscape. With the rise of e-commerce platforms and technological advancements, consumers now have the world’s marketplaces at their fingertips. The convenience, variety, and accessibility offered by online shopping have made it an integral part of modern consumer culture. The Emergence of E-Commerce The concept of online shopping can be traced back to the […]