HOW TO START A GAMING & BETTING BUSINESS IN NIGERIA
Over the past few years, Nigeria has experienced accelerated growth in the gaming and betting industry. This growth is basically driven by increasing internet and mobile penetration and the availability of digital payments options offered by fintech. All these have made it simpler for more individuals to access gaming and betting, propelling the growth of […]
COMPREHENSIVE GUIDE TO REGISTERING AN NGO OR ASSOCIATION IN NIGERIA
Registration of a Non-Governmental Organization (NGO) or Association under Incorporated Trustees is important to be able to enjoy the legal support and go about its operations with ease. This is a complete overview guide of requirements, step-by-step process, and fees for the registration under Incorporated Trustees through the completely digital means provided by the Corporate […]
HOW TO CHECK AND VERIFY PROPERTY TITLES IN NIGERIA BEFORE BUYING
Real estate investment in Nigeria is a lucrative venture, but it is riddled with risk—especially in terms of titles. Land sale scams, issues of who owns what. According to the Economic and Financial Crimes Commission (EFCC), over 70% of real estate fraud crimes in Nigeria are related to title irregularity issues. In order to make […]
GUIDE TO REGISTERING A FOREIGN COMPANY IN NIGERIA
Nigeria foreign company registration is the focal option by which a foreign entity/company can acquire a separate Nigerian legal personality and rightfully carry on business. A foreign company may also begin to operate as an ancillary business, such as an office representative, agency, subsidiary, or a foreign company branch in Nigeria. A company, however, of […]
COMPREHENSIVE GUIDE TO REPATRIATION OF CAPITAL AND PROFITS IN NIGERIA BY FOREIGN INVESTORS
Repatriation refers to the process of transferring people, assets, or funds back to their country of origin. In financial terms, it involves converting foreign-earned income, investments, or profits into the investor’s home currency. Businesses, individuals, and multinational corporations frequently engage in repatriation when they return capital from foreign subsidiaries, investments, or overseas income to their […]
HOW TO REGISTER FOR VAT IN NIGERIA
What is VAT? Value Added Tax, popularly referred to as VAT, is a consumption tax levied on the supply of goods and services in Nigeria. The charge is levied at the rate of 7.5% of the value of the taxable goods and services supplied. Businesses involved in supplying goods and services must charge VAT to […]
SETTING UP A CRYPTOCURRENCY COMPANY IN NIGERIA
The adoption of cryptocurrency has increased over the years in Nigeria, and it serves various purposes such as hedging against inflation, performing international money transfers, and also investing for wealth creation. Most people send funds to family members in Nigeria, who convert the asset into a local currency for daily usage. But despite such widespread […]
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 […]
TERMINATION OF CONTRACTS UNDER NIGERIAN LAW
In the case of most commercial relationships, parties negotiate and agree to terms and conditions, normally captured in a contract. A contract is the oral or written agreement that stipulates rights and obligations of parties enforceable by law. The termination of a contract has been defined as the expiration of the commercial relationship before the […]
FEDERAL GOVERNMENT LAND,GROUND RENT AND PERFECTION OF LAND TITLE IN NIGERIA
The legal problems concerning the administration of land vested in the Federal Government of Nigeria are discussed in this article, specifically regarding the payment of ground rent and perfection of land titles. It considers the relevant laws, including the Land Use Act, the Lands (Title Vesting, Etc.) Act 1975, and the Lagos State Land Use […]