Corporate restructuring is essentially a corporate action taken to significantly modify the structure or the operations of a company. There are a number of methods available with the most common being Mergers and Acquisitions. A merger occurs when two separate entities combine forces to create a...
Real Estate is one of the fast-growing sectors of the economy in Nigeria and has proved to be very lucrative. This article is a simple guide to property purchase in Nigeria. Property purchase, that is, land and/or building requires proper due diligence and adequate resources to...
A Corporate entity is a legal body that is separate and distinct from its owners. Corporate entities enjoy most of the rights and responsibilities that an individual possess such as the right to enter into contracts, borrowing and lending of money, suing and being sued,...
Auditors are financial professionals who examine the financial records prepared by the directors of an organization for accuracy and rectitude. Section 359(1) of the Companies and Allied Matters Act (CAMA) emphasizes the importance of an auditor by providing that auditors of a company must make reports...
Corporate governance is the system of rules, practices and processes by which an organization is directed and controlled. Corporate governance essentially involves balancing the interests of a Company with those of its many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community. The...
The Asset Management Company of Nigeria “AMCON” is a statutory body created by an Act of the National Assembly, (Section 1(1) of the AMCON Act 2010) for the purpose of resolving the Non-Performing Loan (NPL) assets of banks in Nigeria and related matters. It is...
Typically, there are two methods in which a creditor can protect itself against non-performance or insolvency of its debtor. The first which is commonly utilized is by taking security i.e. obtaining an interest over a specific asset through which a creditor can be paid in...
Insurance is the financial protection from contingent or uncertain loss. It includes a contract represented by a policy in which an entity or individual is reimbursed against losses such as bodily injury, loss or damage to property. Insurance encourages investment by minimizing funds or capital...
Setting up an entity in Nigeria is fast becoming less onerous given the Corporate Affairs Commission’s (CAC) concerted effort to ensure the ease of doing business is Nigeria is seamless. It is however pertinent to note that upon incorporation of a new entity, there are...
Tax is one of the major sources of revenue in Nigeria and it is administered by the three tiers of government namely; The Federal Government through the Federal Inland Revenue Service (FIRS) State Governments through the State Inland Revenue Service; and The Local Government Council...