Introduction Doing business in Nigeria is definitely not something to be taken lightly, but it’s also not rocket science. If you have investments and business plans for Nigeria, it would be smart to have all the necessary information before beginning. There are many questions that investors ask when they are considering doing business in Nigeria. … Continued
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Expatriate quota in Nigeria is granted by the Ministry of Interior to foreign-owned or indigenous companies. The purpose is to enable them to employ or recruit foreign employees to legitimately work and live in Nigeria. Application for expatriate quota can be made upon commencement of business or immediately after incorporation of a company and can … Continued
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A business visa is one of the categories of visas issued to foreigners by the Nigerian Immigration Service (NIS) to travelers who intend to conduct business activities or conduct business meetings that do not constitute labour or gainful employment in Nigeria. It is issued at Nigerian embassies across the world. A business visa also applies … Continued
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On the 19th of October, 2022 President Muhammudu Buhari signed the Nigerian Startup bill into law to be known as the Nigerian Startup Act 2022. The purpose of this law is to create a legal framework for the development of startups, develop and grow technology-related talents and ultimately position the Nigerian startup ecosystem as the … Continued
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The director of a company is a person that is charged with the responsibilities of managing the business of a company. Removal of a company director is made by an ordinary resolution. It is important to carefully follow due process otherwise the removal would be invalid in law and non-compliance with the procedure for the removal … Continued
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The Nigerian Investment Promotion Commission (NIPC) was established by the Nigerian government to encourage, promote and coordinate investments in the Nigerian economy. Foreign-owned companies intending to carry on business in Nigeria are expected to register with the NIPC and enjoy some incentives provided by the government to them such as tax holidays for a certain … Continued
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Fintech is an acronym for financial technology. It has been a thriving aspect of Technology in the past few years. It is a term used to describe the use of technology to improve financial services. Fintech is a rapidly growing space with a lot of opportunities as finance cannot be dispensed with. Fintech makes financial … Continued
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TIN refers to Taxpayer Identification Number whiles BVN refers to Bank Verification Number. For anyone seeking to start their business in Nigeria, TIN and BVN are two important things you must obtain. On October 17, 2022, the Central Bank of Nigeria (CBN) which is the apex bank in Nigeria issued a draft guideline on contactless … Continued
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Nigeria has over the years experienced a rise in the gaming and betting industry which has further developed with the increase of mobile and internet penetration coupled with the availability of payment platforms provided by Fintech Companies. The first step to starting a gaming and betting business in Nigeria is to register the company with … Continued
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Businesses in Nigeria are well-regulated by various Nigerian Government Agencies. However, some Government Agencies work or regulate all businesses regardless of the sector or nature of business while others are specific to a particular sector. This article aims to help you identify the various regulatory agencies and how they apply to different businesses. The Agencies … Continued
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