Restriction of Personal and Protected Information for Companies in Nigeria

The Companies and Allied Matters Act, 2020 (CAMA) has made provisions to protect the information of individuals specified by them as private or restricted. This is laudable, considering the recent trends of data breaches, identity theft, fraud which are enhanced by having access to such information and laws enforcing privacy and data protection. Sections 323-329 [...]

By |January 10th, 2021|Corporate Matters|Comments Off on Restriction of Personal and Protected Information for Companies in Nigeria

UNDERSTANDING BUSINESS AGREEMENT IN NIGERIA

BUSINESS AGREEMENT IN NIGERIA PARTNERSHIP AGREEMENT A business agreement is entered into or created by parties who are desirous of entering into a business relationship to accomplish a specific task or business goal while retaining their separate identities.  Parties to a business transaction negotiate terms and conditions of their transaction and execute a formally binding [...]

By |November 15th, 2020|Corporate Matters, Legal Services|Comments Off on UNDERSTANDING BUSINESS AGREEMENT IN NIGERIA

HOW TO OBTAIN TAX CLEARANCE CERTIFICATE IN NIGERIA

FIRS TAX CLEARANCE CERTIFICATE A Tax Clearance Certificate in Nigeria is basically a document stating that an entity does not owe tax for a period of time specified in the certificate. The tax clearance is a certificate of clearance, indicating one has been cleared for a period of time because it has paid its taxes [...]

By |September 4th, 2020|Corporate Matters|Comments Off on HOW TO OBTAIN TAX CLEARANCE CERTIFICATE IN NIGERIA

NON DISCLOSURE AGREEMENT IN NIGERIA

A non disclosure agreement in Nigeria also known as Confidentiality Agreement is a legal contract or agreement between parties with the sole purpose of legally forbidding parties from disclosing confidential information that has been shared together in the course of a commercial or employment relationship to any third party.  It signifies that a confidential relationship [...]

By |September 4th, 2020|Corporate Matters|Comments Off on NON DISCLOSURE AGREEMENT IN NIGERIA

HOW TO OBTAIN IMPORT LICENSE IN NIGERIA

IMPORT PROCEDURE IN NIGERIA HOW TO OBTAIN IMPORT LICENSE IN NIGERIA An Import license in Nigeria is the approval issued by the various agencies of government, which regulate and determine the goods that can be brought into the country. Import Procedure in Nigeria Before any goods can be imported in commercial quantities into Nigeria, the [...]

By |September 4th, 2020|Corporate Matters|Comments Off on HOW TO OBTAIN IMPORT LICENSE IN NIGERIA

CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA?

Yes, a foreigner can open a bank account in Nigeria, but upon fulfilling conditions to operate a bank account in Nigeria in accordance with the extant laws and the Central Bank of Nigerian's regulations. Everybody knows the importance of a bank account. Most foreign companies seeking to set up subsidiary companies and foreign individuals seeking [...]

By |September 4th, 2020|Corporate Matters|Comments Off on CAN A FOREIGNER OPEN A BANK ACCOUNT IN NIGERIA?

HOW TO CHECK IF A COMPANY IS REGISTERED IN NIGERIA

Introduction The question of how to know if a company is registered in Nigeria is one often asked by intending individuals or corporate bodies looking to do business or venture into an agreement with another company claiming legality. The write-ups will briefly summarize a process how to check if a company is registered in Nigeria. [...]

By |September 4th, 2020|Corporate Matters|Comments Off on HOW TO CHECK IF A COMPANY IS REGISTERED IN NIGERIA

FOREIGN COMPANY REGISTRATION IN NIGERIA & BUSINESS SET UP PROCESS

FOREIGN COMPANY REGISTRATION IN NIGERIA A foreign company may open for business as a secondary establishment, such as an office, agency, branch, or subsidiary in Nigeria. However, such a company must fulfill certain legal requirements necessary to obtain local incorporation of the Nigerian branch or subsidiary as a separate legal entity. Registration of a company [...]

By |September 4th, 2020|Business Fromation, Corporate Matters|Comments Off on FOREIGN COMPANY REGISTRATION IN NIGERIA & BUSINESS SET UP PROCESS
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