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…
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…
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…
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…
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…
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…
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…
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…
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…
INTRODUCTION No doubt, the buying and selling of foreign currency is a booming sector in the Nigerian economy and Bureau de Change (BDC) plays a significant role in the foreign exchange chain. Other players include; The Central Bank – the regulator Corporations Commercial and Investment Banks Internet based trading platforms Online retail brokers Foreign exchange…
