The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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Public interest entities are required by the FRCN to file Annual Returns, financial statements, finance returns and accounting. This requirement is in compliance with the Financial Reporting Council’s...
A trademark represents a company or brand once it is legally registered. Trademarks are unique identifiers that can differentiate companies or brands from one another. A trademark can be a symbol, logo, word...
A share can simply be explained as the power, rights, interest, and obligations that its holder have over a company. It is what determines the profit that a holder is entitled to in a company. During...
Anyone can decide to change their given name at any point in time for whatever reason they may have. It is legal to change your name in Nigeria but there are certain procedures to take just to effect the...
Does a water packaging business require SON certification? SON stands for the Standard Organization of Nigeria. It is the organization responsible for preparing a standard for products in Nigeria at all...
Lagos state is a well-planned city and as such permits are usually required to construct or alter an already constructed property in the State. Ordinarily, a permit is not required to convert a residential...
SCUML is an abbreviation of Special Control Unit against Money Laundering and it is a unit under the Economic and Financial Crime Commission of Nigeria. SCUML certificate is for Designated non-financial...
A person can be both a board chairman and a CEO. A board is mjade up of directors that are why it is otherwise known as board of directors. Directors of a company might not necessary be part of the day to...
What is SCUML certificate? SCUMLmeans Special Control Unit against Money Laundering and it is a unit of the Economic and Financial Crimes Commission (EFCC). The certificate is issued by the EFCC as a proof...
Section 26 of the Companies and Allied Matters Act Cap C20 Laws (CAMA) of the Federation of Nigeria 2004 states what a company limited by guarantee is all about. The exact words are thus replicated below:...
Section 30 of the companies and Allied matters Act cap C20 Laws of the Federation of Nigeria 2004 (CAMA) clearly states the names that require the consent of the Corporate Affairs Commission (CAC) before...
The answer is No. A company is entirely different from a business name in the sense that a business name when incorporated has the backing of law however the owners of the business and the business itself...
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