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Nigeria_Startup_Act_Firmus_Advisory

An Overview of The Nigerian Startup Act 2022

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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Registering your Business with the NIPC

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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Starting a Fintech Business in Nigeria

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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How to Obtain TIN and BVN in Nigeria

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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Knowing Nigerian Government Agencies and What They Do

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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