For far too long, you’ve already heard of people forming foreign companies in Nigeria to take advantage of tax benefits. The process of setting up an offshore company in Nigeria is much less complicated than most people believe. It is actually simple and straightforward, and can be completed in a matter of weeks. This post…
Annual general meetings (AGMs) are integral components of corporate governance in Nigeria. Words like resolutions, proxies, votes, shares, directors and investors though synonymous with the Annual General Meeting (AGM) have their unique meanings and importance in the Corporate Governance world. The general meeting is a regulatory tool which seeks to ensure that the interests…
Fostering effective credit administration in Nigeria to encourage proper credit management development was one of the reasons for the establishment of the General Assembly of Banks’ Chief Executives (GABCE) in Nigeria. Among the other factors that may have motivated the emergence of this body, one distinct concern must be the need to enhance the…
Startup Acts are Africa’s next frontier of policy innovation. If implemented in Nigeria, Startup Acts could catalyze positive change in the broader business environment by increasing local support for entrepreneurs and signaling to global venture capital investors that the country is open for business, thereby spurring innovation, creating jobs, and building trust between the governments…
Investment treaty arbitration in Nigeria involves the settlement of the claim of a foreign investor against Nigeria for alleged breaches of investor protections contained in a bilateral (concluded between two states) or multilateral (concluded amongst a group of states) investment treaty, pursuant to an arbitration agreement contained within the investor-state dispute settlement provisions of the…
In most B2B transactions in Nigeria, there is always the possibility that certain clients will not pay their bills on time, and as a business owner, you can reduce the amount of unpaid invoices by implementing business to business (B2B) debt recovery strategies. The essence of running a business is to make profit. Businesses render…
Nigerians have become cyber-creatures, spending a significant amount of time online. As the digital world expands, so does cybercrime in Nigeria. The necessity to combat these seemingly uncontrollable phenomena gave rise to Cyber Laws in Nigeria. Cyber law acts as a shield over cyberspace, preventing cybercrime from occurring. The government is committed to developing and…
The Evolution of Corporate Governance in Nigeria. The Nigerian corporate sector has undergone different phases in its effort to develop and redefine the corporate landscape so as to inculcate good corporate governance in Nigeria. In 2003, the Code of Best Practices on Corporate Governance in Nigeria (the 2003 SEC Code) issued by the Securities and…
To understand Garnishee Proceedings in Nigeria, you need to bear in mind that there must be a judgment of a “Court of competent jurisdiction” which enables a successful judgment creditor to enforce the Court’s judgment. The law provide for other ways of enforcing judgment but Garnishee proceedings is unique, and about the only procedure in…
When someone is requested to write a will in Nigeria, there is always a misperception. In reality, the issue of writing a will in Nigeria does not indicate that death is imminent. It is only reasonable that one regulates his or her family’s or loved ones’ affairs in order to avoid problems that may emerge…
