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How a Nigerian Company Can Obtain a Portfolio Management License from the Securities & Exchange Commission (SEC)

August 02, 2024 Read

How to relist a de-listed company in Nigeria

August 02, 2024 Read

Status of Cryptocurrency business in Nigeria

July 23, 2024 Read

How to obtain a Payment Terminal Service Provider (PTSP) License in Nigeria

July 23, 2024 Read

Validation of Loan Apps with the FCCPC in Nigeria

July 09, 2024 Read

Difference between a Limited Partnership (LP) and Limited Liability Partnership (LLP)

July 09, 2024 Read

Protecting individual and corporate trademark rights in Nigeria

June 28, 2024 Read

Differences between a Business Name and a Limited Liability Company

June 28, 2024 Read

How a foreigner can set up a company in Nigeria

June 27, 2024 Read

How to register a non-governmental organisation in Nigeria

June 24, 2024 Read

The Rights of a Copyright Owner in Nigeria

June 24, 2024 Read

Mandatory Statutory Meetings For Nigerian Companies

May 24, 2024 Read

Compliance Filings For Registered Businesses in Nigeria

March 28, 2024 Read

Bi-Annaul Returns Filing for Non-Profits/Foundations in Nigeria

March 22, 2024 Read

Why filing Annual Returns for your Nigerian Business is mandatory

March 22, 2024 Read

How to obtain CERPAC in Nigeria

March 13, 2024 Read

How to apply for expatriate quota and business permit in Nigeria

February 22, 2024 Read

Registration of a company with foreign participation in Nigeria

February 22, 2024 Read

Monthly expatriate quota report requirement in Nigeria

February 22, 2024 Read

What is CERPAC and when is it necessary in Nigeria?

February 22, 2024 Read

How to obtain a Letter of Administration in Lagos State, Nigeria

February 22, 2024 Read

Registering a Will at the Probate Registry in Nigeria

February 22, 2024 Read

End of Year Business Checklist

December 19, 2023 Read

Data Protection Compliance Requirement for Nigerian Businesses

September 22, 2023 Read

Obtaining a Mobile Money Operating License in Nigeria

September 06, 2023 Read

How to Remove a Deceased Company Director in Nigeria

September 04, 2023 Read

How to set-up/register a Payment Service Solution Provider (PSSP) company in Nigeria

August 28, 2023 Read

NIPC Business Registration in Nigeria – Procedure and when required

August 24, 2023 Read

Updating Your Company’s PSC Details – CAC Requirements and Why this is Important in Nigeria

August 24, 2023 Read

How To Set Up/Register a Payment Service Provider (PTSP) company in Nigeria

July 03, 2024 Read

How to set up/register a Payment Solution Service Provider (PSSP) Company in Nigeria

August 23, 2023 Read

Succession Planning For Business Owners

April 19, 2023 Read

Legal Support For Your Business

February 23, 2023 Read

Starting the New Business Year Right

January 30, 2023 Read

End of Year Business checklist

December 14, 2022 Read

Can a foreigner married to a Nigerian get Citizenship

November 02, 2022 Read

How a Foreign Man Married To a Nigerian Woman can Obtain Residence Permit In Nigeria

November 02, 2022 Read

How To Obtain Expatriate Quota in Nigeria

November 02, 2022 Read

Compliance For Your Small Businesses

October 26, 2022 Read

Building A Successful Family Business

September 27, 2022 Read

How To Make Your Side-hustle Successful

August 25, 2022 Read

NIPC Business Registration in Nigeria – when required?

August 08, 2022 Read

Registration of Technology Transfer Agreements in Nigeria with NOTAP

August 08, 2022 Read

National Housing Fund (NHF) Registration in Nigeria

August 05, 2022 Read

Police Trust Fund in Nigeria- How Companies must comply with this Payment

August 05, 2022 Read

Value Added Tax (VAT) Registration in Nigeria

August 04, 2022 Read

LIRS Company Registration in Lagos State

August 04, 2022 Read

Why Your Company Needs A Shareholder’s Agreement

July 25, 2022 Read

How to register a consortium in Nigeria

July 18, 2022 Read

Difference between a Holding company and a Group company in Nigeria

July 18, 2022 Read

NOTAP Registration Process in Nigeria

July 15, 2022 Read

How to remove a Trustee of a Non-Profit Organisation In Nigeria

July 13, 2022 Read

How to change the secretary of a Non-Profit Organisation in Nigeria

December 08, 2022 Read

Perfecting Your Business Model

June 23, 2022 Read

How To Renew A Lagos State Money Lender’s License

June 17, 2022 Read

Share Transfer, Share Allotment & Share Surrender

August 25, 2022 Read

How To Register a Group Company in Nigeria

June 16, 2022 Read

Corporate Governance For Small Businesses

May 27, 2022 Read

Owning Your business website

May 25, 2022 Read

Virtual Board Meetings Are Here To Stay

March 29, 2022 Read

Copyright Basics for Businesses

February 27, 2022 Read

Picking The Right Name for Your Business

February 21, 2022 Read

How to remove/appoint a company secretary in Nigeria

December 23, 2021 Read

How to change the name of your company in Nigeria

December 23, 2021 Read

How to change your business address – Limited Liability Company or Business Name

December 15, 2021 Read

Action Items For Your Business As 2021 Ends 

December 15, 2021 Read

How to close your Company in Nigeria

December 15, 2021 Read

How to close your Business Name in Nigeria

December 15, 2021 Read

How To Register a Co-operative Society in Lagos State

December 09, 2021 Read

How to upgrade your business name to a limited liability company in Nigeria

December 09, 2021 Read

How to amend/alter the MEMART of your Company in Nigeria

November 30, 2021 Read

Procedure for share transfer and share surrender in Nigeria

November 30, 2021 Read

Procedure for share transfer and share transmission in Nigeria

November 30, 2021 Read

Succession Planning For Your Business

November 29, 2021 Read

How to remove a Trustee from your Non-profit Organisation in Nigeria

November 02, 2021 Read

Filing Financial Statements under the Companies & Allied Matters Act in Nigeria (CAMA)

November 02, 2021 Read

How To Get Exemption For A Foreign Company To Operate In Nigeria

November 17, 2021 Read

Family Business Can be Big Business

October 25, 2021 Read

How to change the name of your church in Nigeria

October 22, 2021 Read

How To Amend The Constitution of Your Association/Foundation/Non-Profit in Nigeria

October 22, 2021 Read

Legal Advise for Start-ups

October 14, 2021 Read

How to dissolve a non-profit organization in Nigeria

October 12, 2021 Read

The 3 mandatory compliance filings for Non-profits registered in Nigeria under the CAMA 2020.

October 11, 2021 Read

Procedure for dissolving an Incorporated Trustee/Foundation/NGO in Nigeria

October 12, 2021 Read

ISO Certification in Nigeria

October 06, 2021 Read

Crypto Currency Regulation in Nigeria

October 06, 2021 Read

Crowdfunding in Nigeria: what does the law say about this?

October 05, 2021 Read

Procedure for registering a company limited by guarantee in Nigeria

October 05, 2021 Read

The importance of having a Tenancy Agreement in Nigeria

September 24, 2021 Read

Procedure for the renewal of a money lending license in Lagos State

September 20, 2021 Read

Why your Start-up Needs A Founder’s Agreement

August 25, 2021 Read

Benefits of incorporating your business as a limited liability Company

August 06, 2021 Read

Registration of a Limited Partnership in Nigeria

August 06, 2021 Read

Registration of a Limited Liability Partnership in Nigeria

June 15, 2021 Read

Who owns your website?

May 26, 2021 Read

How To Successfully Organize Your Team Remotely

April 29, 2021 Read

Getting The Right Legal Support For Your Business

March 12, 2021 Read

How To Register a Political Party in Nigeria 

March 09, 2021 Read

618 Bees Micro Company Secretarial Plan

February 25, 2021 Read

What Being A CEO Actually Means

February 25, 2021 Read

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Frequently Asked

  • When are Annual Returns due for filing?

    A company’s first Annual Returns are due for filing after 18 months of its inception, subsequently it should be filed annually as the name implies. The filing dates could differ for each company depending on their financial year end but must be filed not later than 42 days after its Annual General Meeting.

    The Annual Returns for Business Names is due not later than the 30th of June each year except in the year the business was registered.

  • What’s the difference between a business name and an LLC?
    • A business name is a sole proprietorship, usually owned and managed by one individual only. Legally, the sole proprietor and his business are one. It simply means an individual trading with an alias. The sole proprietor is personally liable for all business related obligations.

    • A limited liability company on the other hand is a separate business entity from the individuals that hold its shares and act as directors. Legally, it’s a separate business entity and a person on its own who can transact business, own property separate from its owners and can sue or be sued. 

  • Why is mutual assent important in a contract?

    This is one of the key elements of a contract because is shows the meeting of the minds of both parties

  • What are the penalties for not registering my products with the SON?
      1. Seizure of goods by the Inspectorate and Compliance Directorate
      2. Payment of a fine.
      3. Prosecution

     

  • Is it legal to transfer the personal data you obtained legally to another person?

    No, its not legal. This is because the law prohibits anyone from transferring the data of a third party to another person without consent from the third party to do same even if the data was rightfully obtained in the first instance.

  • 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.

  • Why do I need a trademark?

    You need to register your trademark because if you don’t register it, someone else can! It helps identify you as the source and indicates a consistent level of quality of your products and services. Securing a registered trademark protects your brand, and provides you with tools to prevent someone else from using similar signs and riding off the back of your business.

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