Banking & Finance
BANKING AND FINANCE THE STRUCTURE OF THE NIGERIAN FINANCIAL SYSTEM INTRODUCTION The Nigerian financial system comprises of bank and non-bank financial institutions which are regulated by the Federal Ministry of Finance (FMF), Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), Securities and Exchange Commission (SEC), National Insurance Commission (NAICOM), Federal Mortgage Bank […]
Doing Business in Nigeria: Foreigners
Doing Business in Nigeria: Foreigners All business enterprises must be registered with the Registrar-General of the Corporate Affairs Commission (Registrar of Companies). A foreign investor wishing to set up business operation in Nigeria should take all steps necessary to obtain local incorporation of the Nigerian branch or subsidiary. FOREIGN COMPANY REGISTRATION IN NIGERIA Operations of […]
SETTING UP GAMBLING/LOTTERY BUSINESS IN NIGERIA
“Note: Portions of this article has been overtaken by recent developments following the Supreme Court’s judgment in Attorney General of Lagos State v. Attorney General of the Federation & Ors (SC/01/2008), delivered on 22 November 2024, which declared the National Lottery Act of 2005 invalid.” SETTING UP GAMES OF CHANCE BUSINESS IN NIGERIA By: Anuoluwapo Oyerinde Any […]
About Lawyers in Nigeria
About Lawyers in Nigeria The legal system in Nigeria was fashioned after the English legal system. The particular difference between the two is that, in the United Kingdom, you either practice as a barrister or as a solicitor. In Nigeria, the practice of a barrister and Solicitors is fused. In this regard, a lawyer in […]
Foreign Investor Benefits
Foreign Investor Benefits i. The shareholding of the company can be 100% foreign owned. ii. A non-Nigerian may invest and participate in the operation of any enterprise in Nigeria (See exemptions); iii. An enterprise, in which foreign participation is permitted, shall after its incorporation or registration, be registered with the NIPC; iv. The Nigerian registered company can apply […]