With the increased abuse of the right to privacy of consumers as well as illegal means applied by some digital money lenders in harassing their debtors, the Federal Competition and Consumer Protection Commission (FCCPC) in its attempt at regulating the digital lending space, has in its framework made the registration of digital lending businesses/companies, a mandatory requirement for carrying out a digital lending business in Nigeria. WHAT TYPES OF BUSINESSES ARE REQUIRED TO BE REGISTERED UNDER THE FCCPC FRAMEWORK? The directive applies to companies offering digital lending services as well as consumer finance businesses. WHY IS REGISTRATION WITH THE FCCPC...

If you are making plans to set up a business in the United States, without necessarily living there, one of the important decisions you need to make is; which State in the US is best to register your company as a foreigner? The United States is made up of about 50 states, and that is a lot to choose from. However, as a foreigner, particularly an African who doesn’t live or work in the United States, you need to approach this question differently because the policies and regulations in most States with respect to issues such as taxes, immigration, setting...

There’s no doubt, that a lot of business owners in Nigeria are beginning to appreciate the need to have their businesses registered with the Corporate Affairs Commission. But just in case you are one of the few who are still skeptical about it, permit me to highlight what you are obviously missing out on; If you’re looking to apply for funds from the government or private investors, you must be a registered business or at least have intentions to get your business registered before you can be attended to. Do you want to avoid mingling your personal funds with that...

When we refer to business organizations, we mean entities established for the purpose of carrying out commercial activities with the aim of making a profit. If you are considering setting up a business in Nigeria either as a foreigner or a citizen, it is important that you are aware of the types of business organizations/entities we have in Nigeria. This information is crucial as there have recently been new types of entities added to what we had before as a result of the establishment of the Companies and Allied Matters Act 2020.   TYPES OF BUSINESS ORGANISATIONS/ENTITIES IN NIGERIA In...