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As of 2016, 80% of the products sold in Nigeria were counterfeits and as of today, it is quite doubtful that the percentage of counterfeit and illegal goods in circulation has decreased below 50%. According to a report from Frontier Economics in 2017, which was based on an earlier report of 2016...
Persistent link: https://www.econbiz.de/10013212432
With the rising commercial activities in Nigeria, engaging in contracts with foreign and local companies has become inevitable. Yet so many contracts have been denied upon its breach and many of such contracts remain inadmissible and/or unenforceable as a result of technical deficiencies. There...
Persistent link: https://www.econbiz.de/10012859797
The idea of Intellectual Property (IP) is sophistry, the value of which till date, eludes us. How do we measure or value intangible assets? The discussion on the how of Intellectual Property Valuation(IPV) makes no sense if we do not understand the concept of valuation. Unfortunately, IP laws in...
Persistent link: https://www.econbiz.de/10012839662
There are various reasons why foreign brand owners may be interested in the Nigerian market. First is the significant population of Nigeria, which stands at over 200 million people. Second is the fact that Nigeria is a large nation of consumers, and third is the fact that fast-moving consumer...
Persistent link: https://www.econbiz.de/10013296311
Every prudent CEO understands that there are two aspects of company assets – tangible and intangible assets (especially intellectual property). These two twin towers must be factored in when planning, executing or amending a company’s business model. Indeed, laws and policies of government...
Persistent link: https://www.econbiz.de/10014260242