Introduction The Federal Government of Nigeria recently adopted a proactive approach in promoting Nigeria to become a competitive economy globally. In achieving such goal, the government recognises the importance of foreign investment, and has as such paid special attention to business visa in Nigeria. The Nigeria...
Nigeria is one of the largest and fastest growing economy in Africa with a population of about 200million people. It is, therefore, an attractive destination for foreign companies looking to expand their business in Africa. In exploring the Nigeria business market, depending on market feasibility,...
A Power of Attorney is a document which gives authority to a person to act as agent or attorney for another person. It can be seen as an authorisation to a Donee (the person being given the power/instructions) to do certain acts on behalf of...
The National Insurance Commission (“the Commission” or “NAICOM”) is the principal regulator of the Nigerian Insurance Industry. The National Insurance Commission Act of 1997 (Sections 6, 7, 8, and 64) and the Insurance Act of 2003 (Sections 86 and 101) both empower the Commission to...
The Securities and Exchange Commission (“SEC” or “Commission”) is the main regulatory institution for the Nigerian capital market, established under the Investment and Securities Act, 2007 (ISA). It is supervised by the Federal Ministry of Finance. As part of its regulatory functions, the SEC maintains surveillance over the Nigerian...
The Asset Management Corporation of Nigeria (AMCON) is a body established by the Asset Management Corporation of Nigeria (AMCON) Act 2010 (“the Act”). It was established with an intended 10 years life span, commencing from 19th July 2010. AMCON is empowered by the Act to...
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...
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...