These are critical for foreign businesses looking to set up operations in Nigeria. The process can be daunting, but with the NIPC at your side, it becomes a breeze. Consider this – in 2019, the NIPC recorded investments worth $29.91 billion.
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Your business must be located in Nigeria; Have a valid ID; 9. Youth Empowerment Nigeria (YEN) Youth Empowerment Nigeria is a non-profit project organization that empowers youth. The program sponsors skill acquisition programs and other projects for Nigerian youths, The project helps in job creation, leadership, Social work, etc.
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The Nigeria Immigration Service requires foreigners living in Nigeria to get the new CERPAC or they will be considered to be illegal residents and subject to repatriation from Nigeria. Persons that qualify for this are Expatriates resident or working in Nigeria, and exempted persons are Diplomats, Government Official (GO's), Niger-wives, Non ...
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Shell Companies in Nigeria Student Industrial Training Programme offers Nigerian students in higher Institutions the opportunity to gain work experience in our office locations. The following is a list of eligible courses: Engineering; Geosciences; …
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ǼLEX is a full-service commercial and dispute resolution law firm. It is one of the largest law firms in West Africa, with offices in Lagos, Port Harcourt and Abuja in Nigeria and Accra in Ghana. ǼLEX merges local legal expertise and presence, as well as political and industry-wide connections, with an appreciation of global standards.
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In exercise of its statutory powers and regulatory functions, the National Insurance Commission ("NAICOM"), recently reviewed the minimum paid-up share capital requirement for all classes of insurers (i.e. insurance and reinsurance companies, with the exception of Takaful operators and Micro-insurance companies) doing business in Nigeria.The reviewed minimum …
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Despite this decline, Nigeria remains a key destination for foreign investors looking to tap into the country's diverse opportunities. One notable example of foreign investment in Nigeria is the partnership between MTN Group, a South African multinational telecommunications company, and local investors to establish MTN Nigeria.
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Foreign investors and offshore companies doing business or looking to establish in Nigeria, must obtain an Expatriate Quota from the Minister of Interior as part of regulatory requirements. Immigrant workers must obtain residence permits that allow them to work in Nigeria and, if necessary, remit their salaries abroad.
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Before July 2014, foreign companies doing business in Nigeria prepared and pay their income taxes using the deemed profit basis, this was because of the challenges associated with the legal requirement of filing complete tax returns. When filing returns under the deemed profit regime, foreign companies were only required to submit the deemed ...
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Nigeria is Africa's biggest oil producer and relies heavily on crude sales for its foreign exchange. But, when oil prices fell during the onset of Covid-19, so did Nigeria's FX reserves and ...
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