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Does Nigeria Need A Startup Act? - Corporate/Commercial Law

Prologue Startups are young companies that are founded to develop a unique product or service and bring it to the market. In recent years on the African Continent, several startups have been making positive impact in their communities leading to several countries enacting or planning to implement a Startup Act. So, a pertinent question is, should Nigeria jump on the Startup Act bandwagon ? In this article, we will examine this question by; understanding what Startup Acts are, exploring  the reasons why countries are trying to implement this peculiar legislation, and explore  alternative pathways that can adopt be adopted, and finally

NIBSS unveils NQR code payment system to promote digital transaction, boost businesses

Chief Risk Officer, Nigeria Inter-Bank Settlement System, (NIBSS), Temidayo Adekanye, (left); Executive Director, Business Development, NIBSS, Christabel Onyejekwe; Managing Director/Chief Executive Officer, NIBSS, Premier Oiwoh and Deputy Managing Director, NIBSS, Niyi Ajao, at the official launch of the Nigeria Quick Response (NQR) payment solution powered by NIBSS in Lagos. Nigeria Inter-Bank Settlement System Plc (NIBSS) has launched an innovative payment platform, New Quick Response (NQR) code, to promote digital transaction and enhance consumer payment experience while driving growth for business owners. According to the financial provider, the payment platform, implemented on behalf of all financial service providers, will unify the available closed QR Code schemes in the country for consistent user experience and accelerated digital adoption.

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