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Tax and Regulatory Matters for Foreign Investors in Nigeria

TAX AND REGULATORY MATTERS A FOREIGN INVESTOR MUST AVERT HIS MIND IN NIGERIA by Ayoade Apelegan Nigeria is ranked 131st on the World Bank’s 2020 Doing Business index. The ease of doing business score shows an economy’s absolute position relative to the best regulatory performance. The implication of this is that foreigners are on the lookout to establish businesses in…

Preparing and Conducting Stocktakes

PREPARING AND CONDUCTING STOCKTAKES By Ayoade Apelegan What is Stocktaking? Stocktaking is a form of inventory control. Stocktake is the manual counting and recording of all inventory a business has on hand.  STOCKTAKE AND ITS IMPORTANCE At the end of each financial year, all businesses must account for the value of their trading stock (closing stock) and also at the…

How to sell your business

HOW TO SELL YOUR BUSINESS By Ayoade Apelegan Introduction Businesses are sold for various reasons. Sometimes it’s a strategic move as the owner wants to move on to other ventures and selling their business is a great way to make some cash to fund their new venture. Sometimes, owners don’t have the time to run a business anymore. Sometimes they…

Grow your Business through Exporting of Goods and Services

GROW YOUR BUSINESS THROUGH EXPORT OF GOODS AND SERVICES By Ayoade Apelegan INTRODUCTION International trade is important in the expansion of the economy of a country because it allows for the development of markets, creates employment, reduces the rate of poverty, and breaks monopolies by discouraging the domination of a market by a few. The rise in the non-oil product…

How to Start Electronics/Appliances Retailer Business in Nigeria

HOW TO START AN ELECTRONICS/APPLIANCES RETAILER BUSINESS By Ayoade Apelegan Electronic appliances like mobile phones, blenders and other appliances have become part of our everyday lives. Every household has one form of an electrical appliance in its possession and also looks forward to getting a particular type of electrical appliance to make life easier. Electronics appliance retailer business is a…

How to Start a Real Estate Development Company in Nigeria

HOW TO START A REAL ESTATE DEVELOPMENT COMPANY By Ayoade Apelegan Real estate development or property development can be defined as a business process that involves the renovation and lease of existing buildings, purchase of land and the sale of developed land. It is the process of buying land, financing real estate deals and building projects as well as orchestrating…

Managing Business Inventory

MANAGING BUSINESS INVENTORY By Ayoade Apelegan WHAT IS INVENTORY MANAGEMENT? Inventory management is a part of supply chain management that focuses on having the right products in the right quantity for sale, at the right time. The goal of inventory management is to minimize the cost of holding inventory by helping business owners know when it’s time to replenish products…

How to Obtain a Radio/TV Broadcasting License in Nigeria

HOW TO OBTAIN RADIO/TV BROADCASTING LICENSE by Ayoade Apelegan The National Broadcasting Commission is the broadcast regulator of the Federal Republic of Nigeria. The National Broadcasting Commission is a parastatal of the Federal Government of Nigeria established by Section 1 of the National Broadcasting Commission Act, Cap. NII, laws of the Federation, 2004 and vested with the responsibilities of, amongst other…

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