How do I register my company for NIPEX?
Nigeria Petroleum Exchange (NIPEX) is a platform where servicing companies can bid/tender for contracts from multinational and national oil companies. In order to register your company for NIPEX, below are...
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Do you need a license to operate a gas plant business in Nigeria?
The law provides that in order to operate a gas plant business in Nigeria, you require a license. The Law states that no petroleum Gas Plant shall be constructed or modified without the approval of the...
How Can the Coronavirus Affect Your Business?
So far, there are around 70,000 confirmed cases of COVID-19, the new coronavirus that emerged in Wuhan, China, in December and is spreading around the world. The virus which has now spread to over 25...
Protecting your brand from identity theft by Trademark registration
The first costly mistake people make when branding their big idea is that they don’t start with intellectual property. It’s a big risk to not register your brand name as a trademark immediately you decide on...
What is a Board meeting?
Board meetings are statutory meetings organized by members of the board of directors of a company. The board of directors comprise of all directors of the company. The board of directors is the ultimate body...
When should a Board Meeting take place in a company?
A board meeting of a company can take place anytime the company has pending issues to discuss, provided the right notice is given out to the members of the board informing them of the meeting. However, there...
Can a minor be a Proprietor?
A proprietor is the Legal name for a person who owns a business Name that is duly registered with the Corporate Affairs Commission. A minor is a person who is under the age of eighteen (18). A minor can be a...
Is a Business Name a company?
The answer is NO. A BusinessNameis not considered as a companyunder Nigerian Law. A business name is incorporated under PART B while a company is incorporated under PART A of the Companies and Allied Matters...
Procedure for obtaining NIS Quality Mark certificate
This is a voluntary product certification scheme to reward excellent product performance through consistent compliance to the requirements of the relevant Nigerian Industrial Standards at the point of...
Stamp duty
Stamp under the Act means a stamp impressed by means of a dye as an adhesive stamp for denoting any duty or fee, while it defines “duty” as any stamp duty for the time being chargeable under this or any...
What is CIT?
CIT is the abbreviation for company income Tax and it is governed by the Company Income Tax Act (CITA).This is the kind of tax imposed by the government on companies to pay from ther profit at the end of the...
PENCOM Certificate and when a company is eligible for one
PENCOM certificate is given by the National Pension Commission (PENCOM) which is a body that regulates and supervises pension matters in Nigeria. The body was created to ensure the effectiveness of...
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