The 618 Bees blog
Practical guides to starting, running and protecting your business in Nigeria. Find the answers you need, wherever you are in your business journey.
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The Central Bank of Nigeria (CBN) defines an International Money Transfer Operator (IMTO) as a company approved to facilitate the transfer of funds from individuals or entities residing abroad to recipients...
Business compliance is the process of making sure your company and employees follow all laws, regulations, standards, and ethical practices that apply to your organisation and the industry at large. The...
Portfolio management can be defined as the process of managing individuals’ investments so that they maximise their earnings within a given time. It involves building and overseeing a selection of assets...
There is a statutory obligation for every company to file its annual returns every year, following the year of incorporation, and for failure to file within the time frame, a penalty for late filing is...
Cryptocurrency is referred to as any form of currency that exists digitally or virtually and uses cryptography to secure transactions. It is also a digital payment system that does not depend on banks to...
A company cannot be simply defined as an organization set up to carry out business objectives, but most importantly a company is made up of the “people” who have agreed to work together to foster the goals...
For every registered company, business name, partnership, incorporated trustee, there are certain mandatory compliance requirements to be filed with the corporate affairs commission, which are either filed...
The trustees of non-profit organisations/Foundations are required to submit to the Corporate Affairs Commission, a bi-annual statement of affairs twice every year. The requirement to file bi-annual statement...
All business entities registered with the Corporate Affairs Commission (CAC) are required to file Annual Returns every year that they remain in operation. This requirement extends to businesses,...
CERPAC is the acronym for Combined Expatriate Residence Permit and Alien Card. This is a document issued to foreigners to legally live and work in Nigeria. An application for CERPAC can only be applied for...
What is CERPAC? CERPAC is an acronym that stands for Combined Expatriate Residence Permit and Aliens Card. It is a document that serves as a form of identification and authorisation for foreign nationals who...
The major goal/objective for every business owner is maximizing sales/ revenue, and expansion of the business, however in order to sustain the business, another objective is equally pertinent, which is being...
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