An investment adviser is a firm or an individual who for compensation, engages in the business of; 1. providing investment advice to others about the value of or investing in securities (i.e stocks, bonds, mutual funds, exchange-traded funds (ETFs), and other investment products) 2. issues report or analysis regarding securities, as a regular business or...
In our previous article, we considered Syndicate Investment or Financing from the perspective of investors. You may read the article HERE. In this article, we will consider how Startups can raise funds through Syndicate Financing. A syndicate investment is an investment vehicle made up of a group of individual or institutional investors in which a...
If you own or are a member of a Non-Governmental Organisation (NGO) or an Association in Nigeria, such organization or association is classified by the Companies and Allied Matters Act 2020 as an “Incorporated Trustee”. Incorporated Trustees are defined by our laws as a non-business and non-profit making organizations. It is an association of persons...
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...
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...
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...
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...
Imagine you have plans to set up a business in Nigeria. You’ve been told there are different types or structures of businesses in Nigeria such as; Business name Limited Partnership Limited Liability Partnership Private Company Limited by shares Company Limited by Guarantee Public Company Unlimited Company Having considered the various types of entities, you opt...
On Wednesday, November 23rd, 2022, the Central Bank of Nigeria released additional requirements for licensing of banks and other financial institutions. The updated guideline is meant to be read in addition to existing regulatory requirements with respect to Anti Money Laundering (AML), Combatting and Financing of Anti-Terrorism (CFA), and Countering Proliferation Financing (CPF). The reason...
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...
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