Harmonised Code of Corporate Governance for Private Sector in Nigeria, 2016: Highlights and salient provisions

A milestone has been achieved in Nigeria‚Äôs Corporate Governance landscape with the commencement of the much anticipated National Code of Corporate Governance from October 17, 2016. The commencement is coming almost three years later than the originally planned date – January, 2014. According to The Financial Reporting Council of Nigeria (FRC), the Code of Corporate … More Harmonised Code of Corporate Governance for Private Sector in Nigeria, 2016: Highlights and salient provisions

The formation of Group Company, Holding Company and Consortium in Nigeria

Introduction There are certain business structures that could be created to foster easier operations and management, or to accomplish some other agreed specific purpose. Businesses can be structured in the form of a group, holding or consortium to achieve the aforementioned goals. It is imperative to note here that a single company cannot be structured … More The formation of Group Company, Holding Company and Consortium in Nigeria

What the failure to file annual returns could cost your company in Nigeria

Recently, the Corporate Affairs Commission (CAC) indicated that it had resumed the exercise of striking out dormant companies from its register. About 45,000 companies considered dormant by the Commission stand the risk of being de-registered. Thousands of companies and other forms of corporate bodies get registered at the CAC on a daily basis. In many … More What the failure to file annual returns could cost your company in Nigeria