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1. The current trends of Money Lenders’ operations in Nigeria The year 2022 will be an important milestone in the history of money lending business in Nigeria. As of the time of this publication, 1st week of December 2021, money lenders operate with unfettered freedom and …

What Importers need to know about the SON Conformity Assessment Program (“SONCAP”) Any company dealing in importation of goods into Nigeria will invariably require the certificate of the Standard Organisation of Nigeria (“SON”), an agency established by law to regulate the importation of goods into Nigeria as well as setting …

Introduction A contract is any legally binding agreement between two or more parties. A contract defines and governs the rights and duties between parties in a transaction. A contract may be verbally made or written in a document. A contract can also be formed via electronic messages such as emails …

The manufacturing industry in Nigeria is moderately regulated compared to western nations. There is no gainsaying, however, that some sectors are more regulated that the others. At the centre of the industry are the Manufacturers Association of Nigeria (“MAN”), the Consumer Protection Council (“CPC”) and …

What are the taxes or levies imposed on businesses operating in Nigeria? Apart from knowing the requirements for registering and setting up a company, it is also important for foreign and local investors to be aware of the regular statutory deductions, taxes or levies applicable …

The process of opening a bank account for a company in Nigeria is a seamless exercise if the right requirements are put together and you are dealing with the right financial institution.  Sometimes, from our experience, the depth or range of transaction experience of a …

Introduction The operations of all online gaming products, such as online casinos, sports betting, poker, lotteries, bingo, etc, in Lagos State are regulated by the Lagos State Lottery And Gaming Authority’s (“LSLGA”).  Please note that in order to engage in sports betting business in Nigeria, …

1          Who is a guarantor? A guarantor is one who gives security for a debt. It is a term used to describe an individual who undertakes to pay a borrower’s debt in the event that the borrower defaults on his loan obligation by pledging his assets as collateral against the loan.  …

Any local Company in Nigeria that desires to employ foreign nationals must accept immigration responsibilities on behalf of the foreign national. The Company must ensure that it obtains regulatory approval and work residence authorization from the appropriate Nigeria Authority.  The Immigration Act 2015 and the Immigration Regulations 2017 provide for …

If you are desirous of inheriting your parent’s assets or deal with a deceased person’s assets, you may need to apply for letter of administration especially where the deceased did not make a will or appoint executors or the will is invalid or the named …