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How to Obtain DPR Permit

How to Obtain DPR Permit By Ayoade Apelegan The department of petroleum resources (DPR) has the statutory responsibility of ensuring compliance to petroleum laws, regulations and guidelines in the Oil and Gas Industry. The discharge of these responsibilities involves monitoring of operations at drilling sites, producing wells, production platforms and flow stations, crude oil export terminals, refineries, storage depots, pump…

The Impact of Finance Act, 2019 on Businesses in Nigeria

THE IMPACT OF FINANCE ACT, 2019 ON BUSINESSES IN NIGERIA By Ayoade Apelegan The Finance Act is a fiscal policy statement, which shows how the Government intends to finance budgeted expenditure and achieve other socio-economic objectives. The Finance Bill 2019, which was submitted to the National Assembly by President Muhammadu Buhari alongside the 2020 Appropriation Bill, and signed into law…

How to start a poultry farming business

HOW TO START A POULTRY FARMING BUSINESS By Ayoade Apelegan Poultry farming is a lucrative business as the products from poultry are available for consumption all year round. If you are considering starting a poultry farming business, you will find this article useful. Below are the factors to consider when starting a poultry farming business. Getting the required knowledge You…

Small claims court in Lagos State

LAGOS STATE SMALL CLAIMS COURT AND DEBT RECOVERY By Ayoade Apelegan Generally, Small Claims Court refers to special courts created by statute, with specific duties and powers. It is designed to provide a judicial determination of disputes involving small amounts of money quickly and cheaply, with or without legal representation. It encompasses the routine collection of small debts, evictions and…

POST-INCORPORATION NIGERIA

20 THINGS AN ENTREPRENEUR NEED TO KNOW POST-INCORPORATION/REGISTRATION OF THEIR NEW BUSINESS IN NIGERIA Incorporation refers to the legal process used to form a new corporation. A corporation may be a business, a non-profit organization, a club, a charity organization, an association, etc. In Nigeria, under the provisions of the Companies and Allied Matters Act (CAMA) 1990, the Corporate Affairs…

Taxation of Unincorporated Businesses in Nigeria

Taxation of Unincorporated Businesses in Nigeria By Dare Onamakinde INTRODUCTION Unincorporated businesses are usually the sole proprietorship or the partnership business. They can be defined as a commercial enterprise that is privately owned by one person or more than one person(s), it has unlimited liability due to the fact that the business has not been formally registered as a company.…

FINANCE BILL 2019

FINANCE BILL 2019 We say a piece of legislation is a bill when it is yet to be passed as a law by the Houses of Assembly, it is termed a Bill. Finance Bill is a Bill contains legislations about a country’s finance just as the name suggest. It could be about taxes, government expenditures, government borrowings, revenues, etc. The…

Understanding Cashflow Statement & Importance

Understanding Cashflow Statement & Importance Cash flow is mostly related to financial accounting as it is statement. It is very crucial and important because it contains information needed for running a smooth business. Cash flow is also known as statement of cash flows, it is a financial statement section that shows how variations in statement of financial position and income statement affects cash and cash equivalents, it…

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