Regulatory Requirements Archives

Registration and Licensing Requirements for a Cake Business

Leave a Comment / Registering your Business in Nigeria, Regulatory Requirements, Startup Basics / MSME Hub

Navigating the regulatory framework is paramount for establishing a cake business in Nigeria. It involves understanding licensing procedures, complying with health and safety standards, and ensuring that your cake business is rightly positioned to scale. Registration and Licensing Requirements for a Cake Business in Nigeria 1. Registration with the Corporate Affairs Commission (CAC): One of […]

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Documents for Opening a Corporate Account in Nigeria

Leave a Comment / Regulatory Requirements, Start-up Basics, Startup Basics / DIY Law

Opening a corporate account in Nigeria? Maneuvering through the paperwork is a vital aspect of laying a robust financial groundwork for your business. In this guide, we unravel the essential documents required for a seamless corporate account application. Covering legal requirements to company credentials, we’ll walk you through the checklist, ensuring you’re thoroughly prepared for

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Converting a Business Name to a LTD or PLC?

Leave a Comment / Choosing your Business Structure, Registering your Business in Nigeria, Regulatory Requirements / DIY Law

A lot of people might have wondered if a business name can be converted to an Limited Liability Company (LTD) or Public Limited Company (PLC), possibly for reasons of expansion in the future. The answer is Yes! You can convert a business name to an LTD or a PLC. Converting your business name to a

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NAFDAC Newly Reviewed Fats, Oil and Food Regulations

Leave a Comment / Regulatory Requirements / Ayomide Ogunleye

In August 2023, the Director General of the National Agency for Food & Drug Administration & Control (NAFDAC), Prof. Adeyeye, gave a formal press briefing to inform the public about the reviewed Fats, Oil and Food containing Fats and Oil Regulation 2022 and Pre-Packaged Food Labelling Regulation 2022, which renders the 2005 versions null and

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The Business Facilitation Act 2023 and Your Employees

Leave a Comment / Regulatory Requirements / Tunde WaleTemowo

In February 2023, President Muhammadu Buhari (GCFR), signed the Business Facilitation (Miscellaneous Provisions) Act, 2023 into law. The Act, which is also known as the “Omnibus Act” is aimed at improving the ease of business in Nigeria, and to further create an enabling environment for micro, small and medium-sized enterprises (MSMEs) to thrive in the

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