Category: Publications

KEY NOTES ON HOW TO SET UP A MONEY LENDER COMPANY IN NIGERIA Introduction From our experience in advising and assisting clients with business registration and licensing in Nigeria, money lender business is fast becoming very popular and widely embraced as an alternative solution to …

Why does a business require an MMO licence? Every technology solution service provider, in whatever sector, is most likely interested in how to reduce stress for customer’s subscription and payment through digital channels. One of the notable features of most online platforms is the provision …

Employee Due Diligence is an investigation by an Employer to identify any risks, screen or scrutinize hired staff’s or potential employee’s history in order to prevent any financial, reputational or other risks to the company. It must be appreciated that employees and prospective employees can …

Many small businesses, especially online entrepreneurs in Nigeria, are not (or do not have their businesses) registered with the Corporate Affairs Commission (CAC) despite being in business for a year or more. They conclude transactions using an unregistered “business” name but when it is time …

  In order to do business in Nigeria, a foreign investor needs to know the regulatory requirements, costs, timelines for achieving any registration or obtaining a license and the relevant agency responsible for any approval or permit as well as the applicable taxes, levies or …

  Arbitrary estimated billing for electricity consumption is a big problem in Nigeria. The problem arose as a result of a huge metering gap for end-use customers. The record of Nigerian Electricity Regulatory Commission (“NERC”), which is the agency that regulates electricity in Nigeria, shows that …

The setting up of a private security company in Nigeria involves incorporation by the Corporate Affairs Commission (“CAC”) and licensing by the Nigeria Security and the Civil Defense Corps (“NSCDC”). The full details of the setting up process are provided below: INCORPORATION STAGE: What are …

Legal Basis of Registration & Certification of ICT Service Providers/Contractors by NITDA  In line with section 6 of the National Information Technology Development Agency (“NITDA”) Act 2007 and the Executive Orders 003 and 005 issued by the Federal Government of Nigeria (“FGN”), for the promotion …

1. What are the Requirements for Registration of a Private Limited Liability Company (also known as “LLC”)? A private limited liability company is the most common type of company for business undertakings in Nigeria. By virtue of section 18 of the Companies and Allied Matters …

Section A: Preliminary Points on PSSP Licence in Nigeria As digital payment transactions continue to rise in Nigeria, interested investors  need to know what licence is suitable for their business model and the requirements for getting regulatory approval to enter the Africa’s most populous country …