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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For anyone desirous to set up a business in Nigeria, it is important to know the right legal structure for the business of your choice, hence the objects of the business, the capital and the prospects of the...
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...
Section 650 of Company and Allied Matters Act 2020 (CAMA), defines “an alien (foreigner) as a person or association, whether corporate or incorporated, other than a Nigerian citizen or association”. A...
What is a monthly expatriate report? The concept of Monthly Expatriate Report is used in reference to Expatriate Quota, which is granted to companies or organisations to enable them engage the services of...
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...
WHAT IS NIGERIAN DATA PROTECTION REGULATION? Nigerian Data Protection Regulation (NDPR) provides legal safeguards for the processing of personal data. LAWS GOVERNING NIGERIAN DATA PROTECTION The Nigeria Data...
Public limited companies are required to have atleast two directors at all times. In the event a director dies, the shareholders must appoint a second director as soon as possible. If the deceased director...
What is NIPC? – NIPC is the Nigeria Investment Promotion Commission, a Commission responsible for promoting, coordinating, and monitoring investments in Nigeria. NIPC registration is crucial for businesses...
Act 3 of 1992 established the National Housing Fund (NHF) with the aim of Mobilization of funds for the provision of affordable residential houses for Nigerians. All Nigerians in employment, whether...
Consortiums are companies which are composed of separate and different companies coming together to pool resources for an agreed objective or specific duties. Each company will be responsible for the...
As a general rule, a Holding Company (HoldCo) is defined as “any corporation that owns controlling shares (more than 50% shares) in another company (subsidiary) or companies (subsidiaries) to influence...
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