Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 21 JUNE 2023

Market Intelligence Thought Leadership Award Winner

Redundancy Procedure Under Nigerian Labour Law

AELEX
AELEX
Contributor
Explore more from AELEX

There appears to be a recent wave of retrenchment in the global employment market (especially for technology companies like Google, Meta and Microsoft).

NigeriaEmployment and HR
Temiloluwa Fakolade
Temiloluwa Fakolade
Author LinkedIn connections

There appears to be a recent wave of retrenchment in the global employment market (especially for technology companies like Google, Meta and Microsoft). The Covid-19 pandemic had a significant impact on the global economy and many businesses have been forced to cut costs to survive, in addition to the pandemic, artificial intelligence has replaced jobs that are repetitive, and rule based1 The Nigerian employment market has experienced a similar surge in the retrenchment of employees based on declining revenues, political instability, security concerns and operational requirements. This article seeks to highlight the legal process/requirement for redundancy in Nigeria.

Redundancy under the Nigerian Labour Act

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Non-Compete And Restraint Of Trade Clauses In Employment Contracts: Enforceability Under Nigerian Law

The tension between protecting an employer's trade secrets and an employee's right to earn a livelihood lies at the heart of restraint-of-trade disputes in Nigeria. This article examines how Nigerian courts balance these competing interests when enforcing non-compete clauses, analyzing the landmark Koumoulis decision, recent National Industrial Court jurisprudence, and the statutory framework introduced by the Federal Competition and Consumer Protection Act 2018.
NigeriaEmployment and HR
Olisa Agbakoba Legal (OAL)
Olisa Agbakoba Legal (OAL)
Article

Nigeria's 15% Minimum Effective Tax Rate (Metr): Analysis For Multinational Enterprises And Large Domestic Companies

A major innovation introduced by the Nigeria Tax Act (the “NTA”) is the 15% Minimum Effective Tax Rate (the “METR”), which represents a fundamental shift in Nigeria’s corporate tax framework. The METR is intended to guarantee that companies of significant economic scale bear a minimum tax burden, notwithstanding the availability of incentives, exemptions, or reliefs.
NigeriaTax
AELEX
AELEX
Article

Data Localisation In Nigeria: Separating Myth From Reality

Artificial intelligence, cloud computing, cybersecurity and digital sovereignty have fundamentally changed the way governments think about data. Around the world, policymakers are increasingly asking where data should be stored, who should have access to it and under what circumstances it should leave national borders. These questions are no longer confined to technology policy, they have become matters of economic policy, national security, industrial development and international trade.
NigeriaTechnology
AELEX
AELEX
Article

Innovative Trade Finance: Promoting Inclusivity, Resilience And Interoperability Through Digitalisation

The increasing digitalisation of global commerce fundamentally transforms how Trade Finance is deployed and accessed by businesses. The International Chamber of Commerce (“the ICC”) defines Trade Finance as the invisible bridge that makes global trade flow. Trade Finance connects entities across continents, mitigates payment risks and is enzymatic to market progression and economic stability.
NigeriaInternational Law
AELEX
AELEX