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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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Starting a Gaming and Betting Business In Nigeria- What you Need to Know

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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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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Opportunities in Ghana for Nigerian Businesses

Ghana and Nigeria are the top destinations when it comes to doing business in West Africa. Both countries receive a significant portion of foreign direct investments (FDIs) entering the sub-region. Thisis particularly so in Ghana because of her stable political environment, young population, high level ofsecurity, and a growing economy despite external shocks. Most Nigerian … Continued

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How to register a Non-Governmental Organization in Nigeria

The very first condition of registering an NGO in Nigeria is to be a resident of the country.
Therefore, a foreigner must obtain a Combined Expatriate Residents Permit and Aliens Card
(CERPAC) before registering the NGO.

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Applying for a Nigerian Subject to Regularization (STR) Visa 2022

You have a new business project or employment offer in Nigeria and your hiring organization requires you to obtain a Subject to Regularization (STR) visa before you can take on the role.  STR is therefore the prerequisite needed before one can take on a job offer in Nigeria.  

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How to Obtain a Nigeria Temporary Work Permit (TWP) 2022

A citizen of any foreign country who desires to work or reside in Nigeria must procure a visa for either a short stay or permanent residence

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