Tag: company registration

The Banking and Financial Services Act (BFSA), 1994, gives the Bank of Zambia the authority to license, regulate and supervise banks and other financial institutions registered under the referred Act. There are mainly two categories of non-bank financial institutions: Deposit Financial Institution: These institutions are …

The Central Bank of Nigeria (“CBN”) has released new directives that will fundamentally reshape how Point of Sale (“PoS”) agents and payment providers operate across the country. The regulator is moving to tighten oversight by mandating the geo-tagging of all POS terminals, restricting their use …

Introduction Tenancy disputes are some of the most common property disputes in Nigeria. They also rank amongst the most litigated matters in Nigeria. As in other transactions, where parties freely determine their rights and obligations, parties to a tenancy agreement, though free to negotiate the …

Introduction The gap created by underbanked communities has allowed digital lenders to rise in Nigeria and other parts of Africa. The difficulty of obtaining loans from commercial banks has forced the need to bypass traditional lending infrastructure and encouraged the growth of digital lenders. Digital …

Football is the most popular sport in Nigeria, boasting a massive fan base that spans all demographics. As one of the most profitable sports in the world, football allows professional players to earn substantial incomes. The Nigerian football market is expanding, with increasing interest in …

Nigeria’s economy relies heavily on imports and has significant growth potential, necessitating a renewed emphasis on infrastructural development. Due to the extensive nature of the maritime sector, both local and foreign operators need to coordinate their efforts and resources to engage with the government in …

If you are wondering whether a foreigner can register a company in Nigeria, the answer is yes. In accordance with the provision of section 18(1) of the Companies and Allied Matters Act, 2020 (“CAMA”), any two or more persons may form and incorporate a company …

1. What does the “Corporate Veil” mean? The question of who to sue when a business entity commits a wrong is one of the threshold questions that a Nigerian lawyer to an aggrieved person must answer before filing a claim in a Nigerian court. The …

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 …