The Corporate Affairs Commission has set a firm deadline for Nigerian companies to comply with mandatory disclosure requirements on all business correspondence. With enforcement beginning in August 2026, businesses must ensure their letters, invoices, and official documents display specific company information or face daily penalties and potential director liability.

The Federal Ministry of Interior has issued a notice to all companies that effective from December 2023, a penalty fee will be implemented for late filing of Expatriate Quota Monthly Returns.

The Securities and Exchange Commission recently announced a deadline of Wednesday, 30 June 2021 for compliance with the SEC Crowdfunding Rules.

The Bill allows an individual to set up a company unlike the current situation which requires involvement of two or more people.

The client is a technology startup, founded by three co-founders.Each co-founder held an equal share of the company (33.33%) and initially agreed informally on their roles and responsibilities.

The deregulation of the telecommunications sector in 2001 led to the issuance of telecom licenses to major telecom providers.

At some point in the life cycle of any business, the decision to acquire or divest business lines may be made in order to create synergies or improve financial performance.

Nigeria's financial system is skewed towards short-term financing, making it difficult to obtain long-term funds for project and infrastructural development. Infrastructure includes...

According to the National Pension Commission, PFAs as at July 2016 had an asset base of ₦5.82 trillion, primarily invested in government securities.

Recent reports by the Securities and Exchange Commission show that there has been an increase in the total net asset value of CIS in Nigeria, from N782.64 billion in May 2019, to N1.322 trillion in May 2020.

In a bid to align the Nigerian financial market with global standards and strengthen the efficiency of its financial market infrastructure, the Central Bank of Nigeria (CBN), in collaboration...

Major sporting events like the FIFA World Cup, the Olympics, and the Super Bowl attract billions of viewers and bring people together across cultures.

The Nigeria Data Protection Act 2023 ("NDP Act") seeks to safeguard the fundamental rights, freedoms, and interests of data subjects as enshrined under the Constitution of the Federal Republic of Nigeria.

According to information made available by the Presidential Enabling Business Environment Council (PEBEC)...

These packages have stimulated an environment with tax holidays for pioneer businesses in the manufacturing and exportable goods and non-tax incentives to non-pioneer companies.

The Nigerian tax authorities have been making efforts aimed at increasing the level of tax collections and improving government revenue generation from taxation.

First it was posting of non-compliance stickers on the premises of defaulting companies. Now, the FIRS has begun to seal off companies that have failed to comply with their tax obligations.

TIN refers to Taxpayer Identification Number whiles BVN refers to Bank Verification Number. For anyone seeking to start their business in Nigeria, TIN and BVN are two important things you must obtain.

The year 2018 witnessed a number of restructuring arrangements that necessitated the merger or the acquisition of some businesses.

The NECA recently invited its members to a meeting to discuss the recent investigative activities of the National Assembly on organised businesses in Nigeria and to take a position on a way forward in this regard.