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Is it possible for a Single Individual to Own a Company in Nigeria?

Is it possible for a Single Individual to Own a Company in Nigeria?

by trustedadmin | Jun 1, 2023 | Business, Insights, Nigeria

By the provision of the Companies and Allied Matters Act (CAMA) 2020, a single person can be the sole shareholder, director, and promoter of a company in Nigeria. Section 18(2) of CAMA provides thus; “one person may form or incorporate a private company. Prior to the...
Visa, work and residence permit in Nigeria- a cursory look at the SEPLAT Energy CEO’S experience

Visa, work and residence permit in Nigeria- a cursory look at the SEPLAT Energy CEO’S experience

by trustedadmin | Apr 14, 2023 | Blog

There might be some truth to the common adage that the world is now a global village, however, the territorial sovereignty of a nation enables it to among other things, subject entry into and exit from its borders to terms and conditions.  Generally, there are 4...
DOING BUSINESS IN NIGERIA: A REVIEW OF THE BUSINESS FACILITATION ACT

DOING BUSINESS IN NIGERIA: A REVIEW OF THE BUSINESS FACILITATION ACT

by trustedadmin | Apr 12, 2023 | Business, Insights

Doing business in Nigeria has never been effortless, with numerous obstacles impeding the progress of a successful business operation; many businesses have failed due to the crippling factors that influence the free operation of businesses in Nigeria. Access to...
HOW TO REGISTER A LIMITED LIABILITY PARTNERSHIP IN NIGERIA 2023

HOW TO REGISTER A LIMITED LIABILITY PARTNERSHIP IN NIGERIA 2023

by trustedadmin | Apr 12, 2023 | Business, Nigeria

Limited Liability Partnership is one of the new innovations among others of the new CAMA 2020. A limited liability partnership is a body corporate formed and incorporated under the Companies and Allied Matters Act and is a legal entity separate from the partners.[i]...
LEGAL CONSIDERATIONS ON CORPORATE RESTRUCTURING AND INSOLVENCY

LEGAL CONSIDERATIONS ON CORPORATE RESTRUCTURING AND INSOLVENCY

by trustedadmin | Mar 21, 2023 | Insights

Corporate Restructuring may be described as the process of rearranging a company’s finances, operations, and management to improve its efficiency, effectiveness, and productivity. Corporate restructuring ensures a company can regain its financial stability and...
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  • Is it possible for a Single Individual to Own a Company in Nigeria?
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