It is a mandatory statutory requirement under the Companies and Allied Matters Act to file Annual Returns yearly.
What is the first thing I must do to register a business in Nigeria?
To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account.
What are the terms of a contract?
an offer and an acceptance.
Legal subject matter
Mutual agreement/ Assent
Conesus ad idem
What will happen if I buy the wrong category of forms with NAFDAC?
Nothing, the purchased form will be in your account for future use.
Can I use the data collected legally for one purpose for another purpose?
No, you can’t use the data collected for one purpose for a different purpose.
Do I need permission to copy or use any copyright material in Nigeria?
You do not require permission under the Nigeria Law to use or copy a copyright material when it is for research purpose, educational, non-commercial purpose, reviews and criticism etc
However, when the copies are large, you must seek permission from the copyright owner.
Do I have to physically drop off my product sample at NAFDAC office?
No, you can choose to have it sent to NAFDAC office
Can a minor be a company director?
No, a minor cannot be a director. A minor under Nigerian Law is anyone who is below 18 years of age.
What is a trademark?
A trademark can be any word, sign, symbol or graphic that you apply to your company, goods or services to distinguish them from those of your competitors; for example, a brand, product or company name, or logo. The trademark serves as a badge of origin for your business and its brands and products, and can consist of words, logos, slogans, colours and shapes, or a combination of all of these.
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