Understanding the different types of shares in a company is essential for investors, entrepreneurs, and corporate lawyers alike. Under the Companies and Allied Matters Act (CAMA) 2020, Nigerian companies may issue distinct classes of shares each carrying different rights, risks, and financial implications. This guide breaks down every type of share recognised under Nigerian company…
In the course of assisting clients during the formation of a company, we’ve come across situations where our clients feel overwhelmed with the subject of the share capital of a company. In this article, we’ll examine the meaning of share capital, the minimum share capital required to start a company in Nigeria, the types of…
The Nigeria Social Insurance Trust Fund (NSITF) is a federal government agency responsible for implementing social insurance for employees in Nigeria. Its primary function is executed through the Employee Compensation Scheme (ECS) established under the Employee Compensation Act, 2010[1]. The scheme provides compensation to employees who suffer workplace injuries, occupational diseases, disability,
Access to credit remains a critical component of economic development. In many developing economies, including Nigeria, a large percentage of the population lacks access to credit from traditional banking institutions. This is due to strict collateral requirements and complex lending procedures.[1] If you are interested in how to obtain a money lending license in Nigeria…
