62 articles found in Nigeria

If you plan to bring foreign money into Nigeria and eventually take profits home, one document governs the whole process: the Certificate of Capital Importation (CCI). Without it, the official...

Updated September 2026. Fees and requirements change without much notice, so check every figure against the Ministry of Interior's current schedule before you budget.Two different approvals: A Business Permit lets...

How to Respond to a Breach of Contract by a Supplier in Nigeria In the Nigerian business environment, supply chain disruptions are a common reality. Whether it is a delay...

Foreign investors must register their business with the Corporate Affairs Commission (CAC) and the Nigerian Investment Promotion Commission (NIPC) before commencing operations. The minimum issued share capital for any Nigerian...

The Central Bank of Nigeria (CBN) Regulatory Sandbox allows foreign fintechs to test innovative products for up to six months before obtaining full operational licenses. Foreign entities must either incorporate...

Resolving an energy dispute through Nigeria's Federal High Court routinely takes 6 to 10 years once interlocutory appeals reach the Supreme Court. Domestic arbitration under the Arbitration and Mediation Act...

Multi-Door Mediation vs Litigation in Nigeria Contracts: The Commercial Dispute Checklist When a commercial relationship breaks down in Nigeria, foreign entities and local joint-venture partners face an immediate fork in...

Foreign arbitral awards are enforceable in Nigeria under the Arbitration and Mediation Act 2023 (AMA) and the New York Convention. Enforcement begins by filing an Originating Motion in either the...

A company in Nigeria, whether resident or non-resident, is subject to taxation if its income falls within the scope of the Companies Incomes Tax Act. It is important to note...

Who are bank customers?Generally, a customer of a bank is someone who has an account with a bank, or without having an account the relationship of banker and customer exists....

The importance of consumer protection has grown in recent years. Industrialization has led to the creation and distribution of advanced items worldwide. Consumer protection legislation must be broad and dynamic...

Microfinance Bank (MFB) is any company licensed by the Central Bank of Nigeria (CBN) to carry on the business of providing financial services such as savings and deposits, loans, domestic...

In Nigeria, the procedures for obtaining an aviation license under Nigerian law include adherence to the Aviation Act, which provides a legal foundation for the aviation industry.  Globalization has caused...

Surrogacy is often discussed in the media from a scientific, social, legal, and policy perspective. Although surrogacy is widely accepted as a kind of assisted reproduction for those who would...

Telecommunications services are essential to modern society, which facilitates global communication, business, and connectivity. In recent years, Nigeria's telecommunications business has developed and expanded greatly, owing to technology breakthroughs and...

A contract of employment can exist whether orally or in writing. It can arise out of any discussion, obligation or instruction to do an act as far as the elements...

Recognition and enforcement of foreign judgments refer to the legal process of acknowledging and enforcing court decisions made in a different country. This aspect of the legal system is essential...

In the field of innovative technology, drones are used in different spheres of human activities. Drones can be used to handle complex jobs, offer security, conduct surveillance, and collect information....

Foreign nationals seeking to enter, work, or reside in Nigeria must meet the country's Immigration Rules. The Nigeria Immigration Regulations on work permits are outlined in the Immigration Act 2015...

The Central Bank of Nigeria (CBN) has launched a new online platform for submitting microfinance bank (MFB) license applications, known as the CBN Licensing, Approval, and Other Requests Portal. The...