SETTING UP A REAL ESTATE COMPANY IN NIGERIA: OPPORTUNITIES,REGULATIONS, AND KEY REQUIREMENTS
The real estate sector in Nigeria presents a wide range of opportunities, with each one subject to specific regulations. Businesses in this industry range from construction and property development companies, through property management, short-let services, estate surveying and valuation, to real estate agency operations. Of importance is that Nigeria does not restrict foreigners from setting […]
HOW TO SET UP AN OIL AND GAS COMPANY IN NIGERIA
The oil and gas industry is one of the most important sectors in Nigeria’s economy, which has contributed immensely to the country’s GDP and provides enormous business opportunities. Setting up a company in such a sector requires a good understanding of the regulatory framework in Nigeria and compliance with multiple legal requirements. Below is a […]
HOW. TO OBTAIN A MANUFACTURING LICENSE IN NIGERIA
Manufacturing in Nigeria requires compliance with several regulatory regimes that ensure the quality of the product, safety for consumption, and protection of the environment. This guide describes critical steps, requirements, and regulatory bodies required to obtain a manufacturing license in Nigeria. Why is a Manufacturing License Necessary? The following are some important reasons why obtaining […]
DIFFERENCE BETWEEN PUBLIC AND PRIVATE COMPANIES IN NIGERIA
Private and public limited liability companies are the most important forms of business entities in Nigeria, each serving different purposes and operating under different frameworks. This article examines the key features and differences between these two types of companies. Private Companies A private company, under the Companies and Allied Matters Act, is characterized by the […]
EMPLOYMENT RELATIONSHIP AND TERMINATION IN NIGERIA: COMPLETE GUIDE TO LABOUR LAWS AND EMPLOYMENT RIGHTS
The employment relationship, by definition, determined through the interaction between employer and employee, provides a basis for situations of all terminations. This relationship in itself is birthed through a contract of employment-either in writing or oral-whereto one party agrees to employ the other, the latter agreeing to his provision as an employee. While the employer […]
UNDERSTANDING THE EXPATRIATE QOUTA SYSTEM IN NIGERIA
The expatriate quota system is an important component of Nigeria’s immigration framework, put in place to regulate the flow of foreign nationals seeking gainful employment in the country. It ensures that expatriates are employed in industries requiring specialized skills while reserving opportunities for Nigerian citizens. This balances the usage of foreign expertise with the nurturing […]
CORPORATE COMPLIANCE IN NIGERIA: ESSENTIAL GUIDELINES AND LEGAL REQUIREMENTS FOR BUSINESSES
For businesses aiming to thrive in Nigeria’s business landscape, understanding and adhering to the country’s regulatory environment is critical. Navigating the array of laws, guidelines, and directives issued by government bodies and regulatory authorities is referred to as regulatory compliance. Below is an in-depth overview of the regulatory compliance process for companies operating in Nigeria: […]
REGULATORY FRAMEWORK GUIDING IMMIGRATION IN NIGERIA
The Immigration Act, 2015 The Immigration Act, 2015, serves as the foundational legislation governing immigration in Nigeria. This Act confers authority on the Nigerian Immigration Service (NIS), led by the Comptroller General of Immigration, to oversee the Act’s implementation. The Act encompasses the control of individuals entering and leaving Nigeria, border surveillance, issuance of travel […]
NAVIGATING THE REGULATIONS FOR CONDUCTING BUSINESS IN NIGERIA
When it comes to doing business in Nigeria, there are numerous rules and regulations that you need to be aware of. This article aims to breakdown all the steps you need to take if you are thinking about doing business in Nigeria. Operating a business in Nigeria is governed by various laws, most notably the […]
FOREIGN BUSINESS OWNERS MUST OBTAIN SPECIFIC PERMITS AND QOUTAS FROM NIGERIA’S MINISTRY OF INTERIOR. THIS POST COVERS EVERYTHING YOU NEED TO KNOW
To operate seamlessly in Nigeria, foreign-owned companies must obtain business permits and other required licenses. Foreigners seeking to work as employees or control companies in Nigeria must also get expatriate quotas through those companies. The Federal Ministry of Interior in Nigeria controls foreign business activity and immigration by issuing permits that determine the number of […]