Similar to other professions, registering a pharmacy in Nigeria follows a structured process that requires adherence to specific regulatory guidelines. These processes ensure that pharmacies operate within established frameworks to maintain professional standards and safeguard public health. This article offers a detailed guide on who qualifies to set up a pharmacy in Nigeria, how to…
On the 6th of May, 2024, the CBN issued a circular directing all banks, financial institutions, and payment service providers to remit 0.5% of all electronic transactions as cybersecurity levy to the National Cybersecurity Fund (NCF). Our article examined the scope of the guideline. The circular has since its publication been met with mixed reactions…
Security and Exchange Commission (SEC) on 7th of May 2024, passed a Rule ‘Exposure of proposed New Rules on the Issuance and Allotment of Private Companies Securities. Apart from regulating how securities are issued by private companies, the new rule is also aimed at providing alternative fundraising options to private companies. In this article, we’ll…
On May 6, 2024, the Central Bank of Nigeria issued a circular directing all banks, financial institutions, and payment service providers to remit 0.5% (0.005) of all electronic transactions to the National Cybersecurity Fund (NCF). In this article, we will explore the scope of the guidelines and recent developments since the issuance of the directive….
Nigeria is committed to attracting foreign investors and promoting economic growth in the country. To achieve this, the government has established free trade zones where businesses can operate without paying taxes or other fees. These areas are available to both local and foreign companies, and offer significant tax incentives, including tax holidays. In this write-up,…
Are you a non-Nigerian currently residing in Nigeria for work or other reasons? Or are you a foreigner interested in investing in real estate in Nigeria but unsure of whether it’s legal to own property as a foreigner? This article aims to provide clarity on the legality of foreign land ownership in Nigeria. WHO IS…
Real estate investment continues to be a profitable financial venture in Nigeria. Acquiring real estate offers the potential for capital appreciation. However, like all investments, real estate carries risks if not acquired properly. In this article, we will be considering the various stages of a real estate transaction and what every buyer needs to know…
In Nigeria, educational institutions established for university, technological, or professional education are classified as Institutions of Higher Learning. There are various types of Institutions of Higher Learning, such as polytechnics, colleges of education, colleges of agriculture, and universities, which may be owned by the government or privately owned. This article will focus on the procedu
To promote the resilience, solvency, and capacity of banks while continuing to augment the growth of the Nigerian economy among the prevailing macroeconomic challenges in Nigeria, the Central Bank of Nigeria (CBN), on 28 March 2024 reviewed the minimum capital requirement for commercial, merchant, and non-interest banks. This article will consider in detail, the requirements…
To benefit from the various incentives that Nigeria offers to foreign businesses, they must first be registered with the Nigeria Investment Promotion Commission (NIPC). This commission is a Federal Agency that oversees, coordinates, and monitors all investments in Nigeria. This article aims to clearly understand the process and NIPC registration requirements that foreign investors need…
