How to Register your Property in Nigeria
Recently in Nigeria, the Real Estate business and investments have taken a new turn. Real Estate is now the new oil well in Nigeria with both short- and long-term return on Investment. People are becoming more aware of the importance and benefits of Real Estate investment. As a real estate investor in Nigeria, after buying
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Requirements for Registration of Business in Nigeria.
In registering an entity in Nigeria, there are basic requirements you need to provide so as to complete your registration with the Corporate Affairs Commission which is the government body saddled with company registrations and other allied matters. These requirements are so important that without them you cannot complete your registration. In registering a Business
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Non-payment of Annual Returns and the Implications
Annual Returns is a yearly fee paid by companies (Business Name, Limited Liability, Limited Liability Partnership, Incorporated Trustees) registered with Corporate Affairs Commission. Once an entity is registered with CAC, the corporation gives the entity certain grace period after which the entity is expected to pay her annual returns yearly. The grace period for an
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IS A SECRETARY NEEDED IN A COMPANY?
A Company Secretary is one of the officers of the company just like the Directors, they are not the owners of the company. A Company Secretary is usually a corporate professional who is responsible for the company’s legal and administrative duties. The Companies and Allied Matters Act (CAMA) 2020 section 330 (1) states that: “Except in
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Child Custody in Rivers State Nigeria
Child custody is a legal matter that is influenced by a number of laws, such as the Matrimonial Causes Act, the Child Rights Act etc. The welfare of the kid, which includes aspects like the child’s physical, emotional, intellectual, and moral well-being, is the main concern in child custody disputes in Nigeria and particularly in
Read MoreOverview of Affidavit of Spinsterhood or Bachelorhood and Affidavit of Non-impediment.
Affidavit is a sworn statement or written statement that are usually used in a legal proceeding or as an official document. An affidavit is a legal document sworn to before a commissioner of Oath or a Notary Public. It is an oath or an affirmation. Read:Affidavit and its uses in Nigeria There has been massive
Read MoreHOW TO START AN OIL AND GAS BUSINESS IN NIGERIA
The oil and gas industry is fast growing to its next level with the advent of CNG in Nigeria. The oil and gas industry is contributing significantly to the country’s GDP and providing various business opportunities for both young and old and foreigners as well. Before starting a business in the oil and gas sector,
Read MoreThings to know before buying Land in Rivers State Nigeria
Buying land in the oil rich city of Port Rivers State, can be an amazing experience and significant investment, but it also comes with its challenges and complexities. The real estate market in Rivers State is picking up and it is promising also. Understanding the legal, financial and other considerations is essential to making a
Read MoreTRANSMISSION, TRANSFER, SURRENDER OR NEW ALLOTMENT?
In any registered company, a time will come when the management of the company must either transmit or transfer shares or do new allotment or the shareholders surrenders shares. What is Transmission of Shares? It is the handing over of shares of a shareholder upon his death or if he or she is adjudicated to
Read MoreHow to apply and get CTC of company documents
What is CTC? It is the acronym for Certified True Copy. Before this time, the Corporate Affairs Commission CAC used to issue hard copies of incorporated companies documents to the owners. Many companies (including Business names, Incorporated Trustees) incorporated before year 2000 all have hard copies of their company documents. As an owner of a
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