Category: Publications

TAXES AND LEVIES IN NIGERIA

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 …

LIABILITY OF GUARANTORS TO MONEY LENDERS 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.  …

IMMIGRATION REQUIREMENTS, PROCEDURES & COSTS FOR FOREIGNERS SEEKING TO WORK IN NIGERIA

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 …

HOW TO OBTAIN A BUILDING PERMIT/APPROVAL IN LAGOS STATE

INTRODUCTION Around the Globe, the construction of buildings is well regulated through building regulations and controls put in place to secure health, safety and aesthetic and town planning goals. Whilst the building regulations would normally set out to establish the legal requirements and standards for …

10 COMMON MISTAKES TO AVOID IN LANDLORD-TENANT MATTERS

As with every other investment, being a commercial property owner comes with (legal) issues, but having the right real estate lawyer in charge or by your side would be the right decision for a rewarding real estate investment and a rancor-free landlord-tenant relationship. Without having an …

FUNDAMENTAL CLAUSES IN REAL ESTATE TRANSACTION CONTRACTS

INTRODUCTION As diverse as real estate transactions may be, so are the legal instruments for securing or consummating such transactions. Real estate transactions could be evidenced by contract of sale, deed of assignment or lease or sublease or tenancy agreement, or other suitable deeds or …
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