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 […]
ESSENTIAL GUIDE FOR FOREIGN INVESTORS: HOW TO REPATRIATE CAPITAL AND PROFITS IN NIGERIA SUCCESSFULLY
Generally, repatriation is a term referring to the return of people, assets, or cultural artifacts to their country of origin. In finance, repatriation involves the conversion of foreign-earned income into the home country’s currency. It would, therefore, represent the instance when a business or an individual is returning money back to the home country, which […]
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 […]
DECIPHERING BUSINESS AGREEMENTS IN NIGERIA
A business agreement is a formally binding contract entered into by parties seeking a collaborative business relationship to achieve a shared goal, while retaining their separate identities. To establish the agreement, the parties negotiate terms and conditions that outline their respective rights, obligations, and relationship prior to executing the contract, which reflects their mutual understanding. […]