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 procedure...
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...
If you’ve ever wondered what are the tax incentives for foreigners starting a business in Nigeria, this article provides all the answers that we hope will enable you to decide whether or not Nigeria is a good place to start your business as a foreigner. There are many factors a foreign investor should put into...
The temporary suspension of the expatriate employment levy has been announced. In our previous article, we promised to provide updates on developments that may arise from the Expatriate Employment Levy (EEL) policy. For context, the Expatriate Employment Levy was launched on the 27th day of February 2024 by the Federal Government to strike a balance...
Starting a new business in Nigeria as a foreigner can be a daunting task, especially if you don’t reside there. However, this doesn’t imply that it’s an insurmountable process. To assist you in your journey, we have compiled a basic legal checklist that we believe will ensure a hassle-free launch of your business in Nigeria....
On Tuesday, February 27th, 2024, the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria launched the Expatriate Employment Levy (EEL). This levy was introduced to balance the benefits of expatriate employment with Nigeria’s local labour market and resources due to the increase in the imported workforce within the country. The...
If you are interested in finding out how a school is registered in Nigeria, it is essential to be aware of the recent policies and guidelines created by the government and respective agencies. In this article, we will discuss these new policies and other key considerations for registering a school in Nigeria. HOW ARE SCHOOLS...
If you need to notarize a document for official purposes in Nigeria but don’t know how to do it, this article is for you. Not all official documents require notarization, but many can only be recognized internationally if they are notarized. Examples of documents that can be notarized include academic records, birth certificates or attestations...
We are a full – service law firm providing a comprehensive range of specialized corporate and commercial legal services. We strive for excellence in everything we do and pride ourselves on our in-depth knowledge and experience in several key sector. We are situated in Calabar, Nigeria.
