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.
38 articles · Newest first
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....
A company cannot be simply defined as an organization set up to carry out business objectives, but most importantly a company is made up of the “people” who have agreed to work together to foster the goals...
For every registered company, business name, partnership, incorporated trustee, there are certain mandatory compliance requirements to be filed with the corporate affairs commission, which are either filed...
The trustees of non-profit organisations/Foundations are required to submit to the Corporate Affairs Commission, a bi-annual statement of affairs twice every year. The requirement to file bi-annual statement...
All business entities registered with the Corporate Affairs Commission (CAC) are required to file Annual Returns every year that they remain in operation. This requirement extends to businesses,...
WHAT IS NIGERIAN DATA PROTECTION REGULATION? Nigerian Data Protection Regulation (NDPR) provides legal safeguards for the processing of personal data. LAWS GOVERNING NIGERIAN DATA PROTECTION The Nigeria Data...
Public limited companies are required to have atleast two directors at all times. In the event a director dies, the shareholders must appoint a second director as soon as possible. If the deceased director...
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...
WHO IS A PSC (PERSON WITH SIGNIFICANT CONTROL)? A person with significant control (PSC) is referred to as the beneficial owner/ultimate person who exercises significant influence or control over a company or...
Section 834 of the Companies and Allied Matters Act 2020 stipulates the requirement and procedure for the removal of a trustee of a non-profit organisation in Nigeria. To remove a trustee of a non-profit...
Under Section 598 of the Companies and Allied Matters Act 2020 (CAMA), a Secretary of an Incorporated Trustee can be changed or removed. However, the change must be effected by the procedure as laid down in...
The secretary of every company can be changed from time to time if the company so desire. According to the Companies and Allied Matters Act (CAMA) 2020, a private company can elect not to have a secretary....
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