Introduction The success of any company is fundamentally anchored in the strength of its leadership, particularly the Board of Directors. In Nigeria, where businesses face unique regulatory, financial, and operational challenges, the role of directors is both critical and complex. This article explores the vital role that directors play in a company’s growth, the importance… Continue reading #BOARDROOM BASICS (1 OF 5)- UNDERSTANDING DIRECTORSHIP ROLES & BUILDING A STRONG BOARD: TIPS FOR NIGERIAN BUSINESSES & STARTUPS.
Tag: nigeria
UNDERSTANDING THE SIGNIFICANT ECONOMIC PRESENCE (SEP) ORDER IN NIGERIA – A QUICK GUIDE FOR FOREIGN COMPANIES.
The Companies Income Tax (Significant Economic Presence) Order, 2020 (SEP Order) was issued by the Minister of Finance, Budget, and Financial Planning to clarify when Non-resident Companies (NRCs) providing digital services in Nigeria become taxable entities. Under this order, NRCs that meet specific conditions are liable to pay Companies Income Tax in Nigeria. Key Takeaways… Continue reading UNDERSTANDING THE SIGNIFICANT ECONOMIC PRESENCE (SEP) ORDER IN NIGERIA – A QUICK GUIDE FOR FOREIGN COMPANIES.
RESOLVING CONFLICTS IN NIGERIA WITHOUT COURTROOM BATTLES – BENEFITS OF THE ADR CLAUSE.
In today’s fast-paced business environment, resolving disputes efficiently and effectively is crucial for maintaining relationships and minimizing disruptions. Alternative Dispute Resolution (ADR) methods, such as mediation, arbitration, and negotiation, have emerged as preferred solutions to traditional litigation. Here are some reasons to have an ADR Clause in your contract as soon as possible: Encourages Amicable… Continue reading RESOLVING CONFLICTS IN NIGERIA WITHOUT COURTROOM BATTLES – BENEFITS OF THE ADR CLAUSE.
RUNNING A ONE-MAN BUSINESS IN NIGERIA ?
If you are running your business alone here in Nigeria, a business name is not your only option. The Companies and Allied Matters Act 2020 allows one person to form and incorporate a private company. The further good news is that the controversy about the applicability of this innovative provision to older companies has been… Continue reading RUNNING A ONE-MAN BUSINESS IN NIGERIA ?
LAGOS STATE BUILDING DEMOLITION – KEY CONSIDERATIONS BEFORE BUYING PROPERTY.
There have been many instances of building demolition across Lagos State between November 2023 and January 2024, especially in the Ajah, Ikota, Epe, Lekki and Amuwo Odofin areas of the state. It is reported that these demolitions were ordered jointly by the Federal Housing Authority and the Lagos State Building Control Agency, for illegalities ranging… Continue reading LAGOS STATE BUILDING DEMOLITION – KEY CONSIDERATIONS BEFORE BUYING PROPERTY.
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