STARTING A BUSINESS IN NIGERIA:ESSENTIAL GUIDE FOR FOREIGN INVESTORS
For Entrepreneurs, finding a sustainable and enabling environment is crucial to building a successful enterprise. Investors are naturally drawn to regions where they can advance their business objectives effectively. Recent amendments to local company and tax laws in Nigeria, aimed at fostering a more conducive business climate, along with Nigeria’s ratification of the African Continental […]
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 […]
New NIBSS Policy Bars Unlicensed Fintechs From Bank Transfer Channels:
The Nigerian Interbank Settlement System (NIBSS) recently released a new policy mandating banks to remove non-deposit taking fintechs from the National Instant Payments (NIP) funds transfer system. This impacts players like switching companies, payment processors and super-agents facilitating transfers through channels like USSD, mobile apps and web. As per the NIBSS circular, allowing such fintechs […]