Tag: company registration

The entire team of Koriat is pleased to announce that the Central Bank of Nigeria has granted a Final Licence (Super Agents Licence) to LibertyPay Limited to operate agency banking in Nigeria. See below: There are different categories of payment licences for operators within the …

A charitable organization or non-governmental organisation (“NGO”) can be registered in Nigeria as either a Company Limited by Guarantee (“Ltd/Gte”) or an Incorporated Trustee (“IT”) depending on the intentions of its promoters and the intended scope of operations. The registration of business entities and NGOs …

Why set up a digital lending business in Rwanda? There is a promising future for the Rwandan digital economy and the spending habits of the Rwandans as well as stable democratic regime, ease of doing business policies and the government’s impressive drive towards technology infrastructural …

Lagos is the economic hub of Nigeria with over 20 million people with proximity to the Atlantic Ocean and attracting a huge surge of in human movement from various parts of the world to Lagos State. Lagos State has identified the need for ride-hailing car …

The Nigerian financial services sector is highly regulated with a gamut of legislative and other subsidiary legislations binding operators. The Central Bank of Nigeria (“CBN”) is the apex bank and main regulator for licencing and supervising financial services companies including Fintech businesses. In Nigeria, no …

Any Nigerian company that has not filed its annual returns as and when due should be worried about being delisted by the Corporate Affairs Commission (“CAC”) in addition to other regulatory sanctions that may be imposed on its directors and shareholders. The CAC has published …

By 31st of December 2023, all existing loan companies’ licences in Nigeria will expire and all loan companies doing business in the country must reapply to to their respective licensing authorities for renewal of their operational licences, amongst other regulatory compliance obligations that they must …

How is a Loan Company regulated in Nigeria? A loan company, whether buy-now-pay-later (“BNPL”) or digital lender or cooperative society or whatever the design, is usually regarded as a money lender under a State’s Money Lenders Law in so far as it is providing micro …

Regulatory compliance is an integral part of business operations. Every Nigerian company must prioritize compliance and maintain ethical standards in all business operations to avoid legal troubles. Nigerian law provides for mandatory registrations and filing of periodic returns with certain regulatory agencies. The mandatory regulatory …

Doing business in Nigeria is easy as the Federal Government of Nigeria has removed the bottlenecks to business registration, licensing and regulation. Generally, a limited liability company is the most common type of company for business undertakings in Nigeria. By virtue of section 18 of …