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.
107 articles · Newest first
Are you entering into a technology transfer agreement or licensing intellectual property in Nigeria? If so, the National Office for Technology Acquisition and Promotion (NOTAP) should be on your radar. NOTAP...
A PTSP is an entity or payment channel licensed by the Central Bank of Nigeria (CBN) and saddled with the responsibility of ensuring the fluidity and infrastructural suitability of POS operations....
In Nigeria, money lending has evolved from the traditional banking system to a more flexible and technology-driven system. Money lending business in Nigeria is now characterized by loan apps. For...
Partnership is a formal arrangement made between two or more individuals with a view of making profit. In Nigeria, partnership was previously classified under the business name category without a corporate...
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...
Section 78 of the Companies and Allied Matters Act 2020, states that “…every foreign company which before or after the commencement of this Act was incorporated outside Nigeria, and having the intention of...
Non-governmental organizations (NGOs) are usually established by like-minded people to promote religious, educational, literary, scientific, social/cultural development, sporting or other charitable causes....
What is mobile money? Mobile money is a financial solution that allows users to send and receive money, as well as pay for goods and services with their phones without a bank account. It is also a...
What Is a Payment Service Solution Provider (PSSP)? Payment Service Solution Providers in Nigeria are the collective number of firms that make up Nigeria’s primary e-payment framework that have been licensed...
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...
A payment terminal service provider is a fintech company licensed by CBN which has the responsibility of providing POS terminals, its support and maintenance services to customers. Under the new license...
The Nigerian Investment Promotion Commission (NIPC) was established by the Nigerian Investment Promotion Commission (NIPC) Act 16 of 1995 to encourage, promote, and co-ordinate all investments in Nigeria. It...
From knowing to doing
When you need a hand, our team can help you start, run and stay compliant as a business in Nigeria.