Business Law
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 […]
About Doing Business in Nigeria
FOREIGN COMPANY REGISTRATION IN NIGERIA Operations of Foreign Companies in Nigeria A foreigner may invest and participate in the operation of any enterprise in Nigeria, except in sectors explicitly excluded by law. However, to conduct business operations in Nigeria, a foreign company must incorporate or register the company as a Nigerian branch or subsidiary, which […]
Registering Businesses in Nigeria
Registering a business in Nigeria under the Companies and Allied Matters Act (CAMA) 2020 requires compliance with specific processes overseen by the Corporate Affairs Commission (CAC). While most businesses must register, exceptions exist, such as legal partnerships. Various business structures—Limited Liability Companies, Companies Limited by Guarantee, Sole Proprietorships, Incorporated Trustees, and Unlimited Liability Companies each have unique requirements. Investors must carefully follow the applicable rules to ensure compliance and successful operations in Nigeria.