How to change Registered Address for Companies in Nigeria
Every company registered in Nigeria by the Corporate Affairs Commission [CAC] under the Companies and Allied Matters Act must have an address which is the physical office address where such a company transacts business with the public. A company’s registered address is also included in the CAC public records open to the public. This address is
Read MoreHow to appoint and remove a Company Secretary in Nigeria.
Who is a company secretary? A company secretary is an officer of a company appointed by the directors to perform certain legal and administrative duties, with the requisite knowledge and experience to discharge these duties. The Companies and Allied Matters Act, 2020 makes a mandatory requirement for all companies to appoint a secretary, with the
Read MoreTENEMENT RATE IN NIGERIA
Tenement rate is simply a pre-determined fee/tax charged and collected by a local government authority on a developed and occupied property. In other words, it is a rate or tax levied upon the owners or occupiers of property. Tenement rate is not levied or charged on an empty, unoccupied or undeveloped land. Usually, the tax
Read MoreHow to apply for Nigerian Social Insurance Trust Fund (NSITF) Certificate in Nigeria.
Nigeria Social Insurance Trust Fund (NSITF) is a body of the government that ensures and cater for employee’s welfare in the event of work-related accidents and injuries. This Employees Compensation Scheme ensures that all employers of labor adhere to its objectives. It is the creation of the EMPLOYEE COMPENSATION ACT, 2010 ACT 73 OF 1993.
Read MoreOIL AND GAS COMPANY OPERATION IN NIGERIA
The oil and gas sector has been Nigeria’s major source of income from time immemorial. The sector contributes majorly to the economy of Nigeria. In Nigeria, both Federal and State government have special interest in oil and gas. In this write-up we are going to explore the steps one need to take in order to
Read MoreEFFECT OF INFLATION ON REAL ESTATE IN NIGERIA
What is inflation? It is the general increase in prices and fall in the purchasing value of money in an economy continuously over a period of time. It is also the rate of increase in prices over a given period of time. Currently Nigeria is experiencing inflation which has affected all aspect of life and
Read MoreTypes of Business Registrations in Nigeria
Understanding the various types of business registration done in Nigeria is essential. As an entrepreneur that wants to start his or her entrepreneurial journey, there are many benefits of properly registering your business with the Corporate Affairs Commission in Nigeria. From building credibility and attracting investors, to avoiding tax and legal complications. Now you might
Read MoreCompliances For Business in Nigeria
Compliances are those legal frame work a business must put in place before its operations. There are many compliances like Legal compliances, Regulatory compliances, Ethical Standards, Corporate Governance, Risk management, Corporate social responsibility etc. For the purpose of this write-up, we will only consider the Legal and Regulatory compliances. These are basically the certificate and
Read MoreHow to Authenticate Documents in Nigeria
Authentication of document in Nigeria has become necessary because Nigeria is not a party to the Hague Convention. It is also important to ensure that the submitted documents are genuine and have not been tampered with. During the verification process, officials at both the Nigeria Ministry of Education and Federal Ministry of Foreign Affairs carefully examine each
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