Tag: company registration

HOW TO SET UP A DIGITAL LENDING COMPANY AS NON-DEPOSIT TAKING FINANCIAL INSTITUTION IN RWANDA

Introduction In Rwanda, Non-Deposit Taking Lending Financial Institutions (NDFI) are legal entities that regularly and principally performs financial services in the form of non-deposit taking lending services or related financial services. Unlike other financial institutions such as Banks and micro finance institutions, they do not …

RENEWAL OF MONEY LENDER’S LICENCE IN NIGERIA

By 31st of December 2022, all existing money lender’s 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 TO SET UP A COURIER & LOGISTICS COMPANY IN NIGERIA

Introduction With the growth of e-commerce business comes the use of courier and logistics companies which facilitate the delivery of goods between sellers and buyers. A courier and logistics company offers delivery services to the public members and the categories of goods and population served …

FCCPC EXTENDS DEADLINE FOR DIGITAL LENDERS’ REGISTRATION

The Federal Competition and Consumer Protection Commission (FCCPC) has announced the extension of the deadline for the compulsory registration of online money lenders in Nigeria. The FCCPC has recently focused on the activities of digital lenders in Nigeria especially the illegal lenders, over allegations of …

NEW UPDATES ON COMPANY REGISTRATION PROCEDURE IN NIGERIA

The responsible agency for company incorporation in Nigeria, the Corporate Affairs Commission (“CAC”), continues to innovate and undertake investment in technological infrastructure to enhance speedy company registration and national development.  Since 2020, incorporation of a company in Nigeria can be completed in 24 hours using …

WHY EVERY COMPANY MUST FILE ANNUAL RETURNS IN NIGERIA

It is mandatory, under the Companies and Allied Matters Act 2020 (“CAMA”), for every registered business name, private or public company (either limited by shares or guarantee or unlimited), incorporated trustees or partnership to file annual returns with the Corporate Affairs Commission (“CAC”). Prompt and …

DOING BUSINESS IN NIGERIA: CHOOSING BETWEEN LIMITED LIABILITY PARTNERSHIP AND LIMITED PARTNERSHIP

1          Can a business be registered as a Limited Liability Partnership in Nigeria? Yes. The introduction of Limited Partnership (“LP”) and Limited Liability Partnership (“LLP”) is one of the fundamental watersheds that the Companies and Allied Matters Act 2020 (“CAMA”) has afforded the investors community …
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