December 1, 2022December 1, 2022

If you are a foreigner, and you wish to buy a property in Nigeria or you are an owner/promoter of a foreign-owned company and the company is looking to buy a property in Nigeria, this article is for you. WHAT THE LAW SAYS ABOUT OWNERSHIP OF LAND IN NIGERIA IN GENERAL The Land Use Act…

November 24, 2022November 24, 2022

IF YOU OWN A REGISTERED COMPANY IN NIGERIA, THIS ARTICLE IS FOR YOU Before we proceed with the steps for recovering your lost certificate, let us emphasize that the Corporate Affairs Commission is the regulatory agency responsible for registering/incorporating businesses in Nigeria. Have you lost your company/business name’s certificate of incorporation? Here’s what you can do…

November 17, 2022November 17, 2022

Imagine having your business or company registered only to be told that you need to carry out SCUML registration to set up a bank account for your business. Prior to this, you had proceeded to the bank in excitement to set up that business account you have always wanted to have. On getting to the…

November 3, 2022November 3, 2022

Do you own several businesses? Are you considering starting a group of companies in Nigeria? Then, this article is for you. Starting a group of companies comes with several regulatory requirements which we will consider below: 1. You must apply to the Registrar General of the Corporate Affairs Commission for consent to use the word…

October 28, 2022October 28, 2022

If you are a foreigner looking to establish a business in Nigeria or a foreign company looking to undertake a project within Nigeria and in partnership with a local company in Nigeria, you are required to obtain a business permit. A business permit is a certificate issued by the Nigerian government to enable either wholly…

October 21, 2022October 21, 2022

On the 19th day of October 2022, the Nigeria Startup Act was signed into law. This is no doubt a promising development for the proponents of this Act as well as the Nigerian digital ecosystem. Before we go into an in-depth analysis of key provisions of the Act, it is important we consider a brief…

October 14, 2022October 14, 2022

If you own a registered company in Nigeria, there may be circumstances in which members of a company may take steps to change the name of the company. Such circumstances could be voluntary or involuntary. Examples of involuntary circumstances are; i. Where the Corporate Affairs Commission directs that the name of the company be substituted…

October 6, 2022October 6, 2022

In our previous article, we considered everything you need to know about data protection compliance in Nigeria. In that article, we stated that as a requirement, data processors and controllers are required by the Nigeria Data Protection Regulation (NDPR) to file privacy audit returns. To understand the meaning of data processors and controllers as it…

September 30, 2022September 30, 2022

If you live in Nigeria, you will agree with the fact that the increasing inflation rate and the unstable foreign exchange policy within the country, has created the need for individuals and businesses to explore the possibility of earning in other currencies. Home to individuals with diverse backgrounds, the United States remains a popular country…

September 22, 2022September 22, 2022

Below is a conversation we had with a prospect few hours ago that inspired this blog post. Client : “Hello Barrister” Lawyer:  “Hi Mr K” Client: “I’m having difficulties setting up my corporate account at the bank because one of the directors of the company doesn’t live in Nigeria and we are finding it difficult…