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Everything you need to know about Annual returns filing for businesses in Nigeria

In Nigeria, the Corporate Affairs Commission (CAC) plays an important role in regulating businesses and non-governmental organizations (NGOs). One of the essential obligations imposed by the CAC is the annual return filing. The aim of this article is to shed light on everything businesses and NGOs need to know about the CAC annual return filing … Continued

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Step-by-Step Guide to Registering a Business in Nigeria

In Nigeria, the Companies and Allied Matters Act (CAMA) stipulates that businesses should be registered within 28 days of commencing the business and failure to do so results in a default fee of NGN150 for every day in default up until the business is registered. The body in charge of registering a business in Nigeria … Continued

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What Should be the Minimum Share Capital for Company Registration?

Shares are symbols or percentage of ownership in a business. It is allotted to investors in exchange for equity capital. The shares of a company are owned by the shareholders who are also the owners of the business. It is advisable that shares are allocated with proper caution as shareholders are the owners of a … Continued

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What you Should Know When Entering A Business Contract in Nigeria

As a business owner, contracts are inevitable, and they are one of the effective ways of protecting your business interests. A contract is a verbal or written agreement between two or more parties. There are different types of contracts that a business owner can use to protect their business interest. contracts can be oral or … Continued

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Registering a Group of Companies, Holding Company and Consortium in Nigeria

A group of companies are business structures that are created to accomplish specific purposes. It comprises three or more associated companies with common shareholders or ownership. This company becomes the shareholder of the distinct “Group” or companies. In other words, it becomes the holding company. A holding company is a parent company that holds more … Continued

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The Growth of the Exports Market of Nigeria – Opportunities for Investors

Nigeria is largely known as a net exporter of crude oil, but another cash cow is usually not mentioned: the export of non-oil commodities that present opportunities for investors. The market value of non-oil commodities exported from Nigeria as of 2022 was estimated at US$ 5.6 billion, 39.1% more than the previous year. The export … Continued

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Doing Business In Nigeria – Questions Investors Ask

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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How to Obtain Expatriate Quota in Nigeria

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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How to Obtain a Business Visa in Nigeria

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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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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