Nigeria

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CORPORATE ENTITIES: Nigeria has rules and regulations governing the operation of corporate entities. A foreign entity intending to do business in Nigeria is required by the Companies and Allied Matters Act (CAMA) to incorporate a Nigerian company for that purpose. Branch operations/offices of foreign...

The Federal Inland Revenue Service (FIRS) has recently introduced a new set of transfer pricing regulations (hereafter known as “the Regulations”) which have an impact on the income tax assessment of related or associated taxable persons in Nigeria. The focus of the Regulations is to standardise, as clearly as possible, the transfer pricing...

Over the past few decades Nigeria’s media and entertainment industry has developed into one of the largest and liveliest in Africa. The most popular formats, which include radio, television and print media, are an important part of daily life for most of the country’s 168.8m residents. The Nigerian film industry – nicknamed “Nollywood” – is one of...

With a population of around 168.8m, and low levels of government spending on health care across the board, the provision of health services in Nigeria is defined by a series of challenges and constraints. The public network of health-related facilities, which includes clinics and hospitals at the community, state and federal levels, has been...

The primary function of education is to equip a society with the intellectual manpower to effect change and drive industries, stimulating innovation and creating opportunities for the future. Nigeria is faced with a serious challenge: a large percentage of our youth are unemployed, while employers are constantly searching for skilled employees...

Given the state’s sizable agricultural output, agro-industrial processing is a large part of Oyo’s industrial activity, with a number of facilities focused on segments like fruit juice production or flour milling – although several other manufacturers are present in the area as well, such as pharmaceuticals. As elsewhere in Nigeria, secondary...

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