Category: Insight
Nigerian Deposit Insurance Commission (NDIC): functions, purpose and more
The Nigerian Deposit Insurance Commission (NDIC) was established in 1988 by the Nigerian government to protect depositors and promote confidence in the Nigerian banking system. NDIC operates as an independent agency, and its primary function is to ensure that depositors’ funds are safeguarded in the event of the failure of a bank in Nigeria. In …
Nigerian Deposit Insurance Commission (NDIC): functions, purpose and moreRead More
Can foreigners acquire properties in Nigeria?
Nigeria, with its thriving economy and diverse real estate market, has become an attractive destination for foreigners looking to invest in properties. However, the question of whether foreigners can acquire properties in Nigeria is a complex and often misunderstood topic. While there are legal provisions in place to allow foreign ownership of properties in Nigeria, …
Nigerian rating agency industry: An overview
Nigeria’s economy is one of the largest in Africa and has been experiencing steady growth in recent years. As a result, there is a growing demand for credit ratings from both domestic and international investors. However, Nigeria’s rating agency industry is still in its infancy with only three rating agencies operating in the country. This …
How does census affect the economy?
What is a census? Census is a count of a population within a country, conducted at regular intervals. It is a comprehensive survey that aims to collect demographic information such as age, sex, race, and ethnicity, as well as other socioeconomic data such as occupation, education, and income. A census is a crucial tool for …
Is ShopRite affordable? An insight
Are you tired of overspending on groceries? Do you wonder whether ShopRite is the right place to save some bucks? Look no further. In this article, we will take a closer look at ShopRite’s pricing strategy to help you decide if it is the most affordable option for your grocery needs. Shoprite’s pricing strategy: a …
InDriver: advantages and disadvantages
InDriver is a ride-hailing service that has been gaining popularity around the world. The company’s unique approach to pricing sets it apart from other ride-hailing services, allowing passengers to negotiate the fare with the driver before the trip. While this feature has several benefits, it also comes with its own set of drawbacks. In this …
An overview of the Nigerian Persons with significant control regulation 2022
On November 23, 2022, the Minister of Industry, Trade, and Investment exercised its power under Section 867 of the Companies and Allied Matters Act, 2020 (“CAMA” or the “Act”) to approve the Persons with Significant Control Regulations, 2022 (the “PSC Regulations”). The PSC Regulations aim to establish a structured and efficient procedure for acquiring and …
An overview of the Nigerian Persons with significant control regulation 2022Read More
New Nigeria copyright bill: An overview
On 17th December 2022, the Federal Government of Nigeria signed into law the new copyright bill, which is set to provide a significant boost to intellectual property rights in the country. The bill is aimed at addressing some of the challenges faced by content creators and right owners in Nigeria, and it contains several provisions …
How to register your vehicle for a transport business in Lagos
If you want to start a transportation business in Lagos, registering your vehicle is a must to ensure you align all applicable laws and regulations. Nonetheless, if you are unfamiliar with the procedures, the registration process can be quite complicated and time-consuming. This article will walk you through the process of registering your vehicle for …
How to register your vehicle for a transport business in LagosRead More
Withholding tax in Nigeria: Key details
What is withholding tax? Withholding tax are taxes deducted at the point of payment for goods and services or gaining of a revenue. It is levied on non-residents’ income in Nigeria as well as certain categories of resident income. The idea behind withholding tax is that the payer is responsible for withholding a certain percentage …