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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Are you entering into a technology transfer agreement or licensing intellectual property in Nigeria? If so, the National Office for Technology Acquisition and Promotion (NOTAP) should be on your radar. NOTAP...
The Central Bank of Nigeria (CBN) defines an International Money Transfer Operator (IMTO) as a company approved to facilitate the transfer of funds from individuals or entities residing abroad to recipients...
Do you have plans to start a new business this year or you already started one this 1st quarter? Whatever your plans are, I am sure you are excited about your business idea. As you put plans in place to...
Business compliance is the process of making sure your company and employees follow all laws, regulations, standards, and ethical practices that apply to your organisation and the industry at large. The...
Portfolio management can be defined as the process of managing individuals’ investments so that they maximise their earnings within a given time. It involves building and overseeing a selection of assets...
There is a statutory obligation for every company to file its annual returns every year, following the year of incorporation, and for failure to file within the time frame, a penalty for late filing is...
Cryptocurrency is referred to as any form of currency that exists digitally or virtually and uses cryptography to secure transactions. It is also a digital payment system that does not depend on banks to...
A PTSP is an entity or payment channel licensed by the Central Bank of Nigeria (CBN) and saddled with the responsibility of ensuring the fluidity and infrastructural suitability of POS operations....
In Nigeria, money lending has evolved from the traditional banking system to a more flexible and technology-driven system. Money lending business in Nigeria is now characterized by loan apps. For...
Partnership is a formal arrangement made between two or more individuals with a view of making profit. In Nigeria, partnership was previously classified under the business name category without a corporate...
A trademark is a mark, phrase, word or symbol with which consumers associate with a particular brand, and this sign distinguishes the products and services of one manufacturer from another. Proprietors of...
For anyone desirous to set up a business in Nigeria, it is important to know the right legal structure for the business of your choice, hence the objects of the business, the capital and the prospects of the...
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