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For foreign investors that wish to invest in any sector of Nigeria's economy, here are the steps to follow. STEP1 Incorporation of the Business at the Corporate Affairs Commission (CAC) in accordance with the Companies and Allied Matters Act, 1990. STEP 2 Registration of the company with Nigerian Investment Promotion Commission for the granting of Business Permit. IPC also grants approvals for expatriate quota positions and incentives. a. Requirements for Business Permit  Purchase NIPC form I for N10,000.00. Completed form submitted with original receipt. Certificate of Incorporation. A minimum share capital holding in the joint venture. Details of share holding in the joint venture. Joint venture/partnership Agreement where applicable. Memorandum and Articles of Association. CAC’s Form CO2 and CO7 duly certified. Evidence of capital importation for wholly foreign companies. Approval from the appropriate professional bodies where applicable. Expatriate Quota In addition to the requ...

By now you must have known that Bitcoin is highly volatile. No one can predict where the Bitcoin price will be a few months --or years-- down the line, as is the case with any other asset. By following a simple and well known investing method called Dollar-Cost Averaging (DCA), investors can protect themselves against fluctuations and downside risk. What is dollar-cost averaging? Dollar-cost averaging (DCA) is an investment technique of buying fixed amounts of a particular asset on a regular schedule, regardless of the price. The investor purchases more of the asset when prices are low and less when prices are high, but always the same fixed currency amount. Related post: How I Make Money Daily On LUNO Platform When does DCA make sense? With dollar-cost averaging, you take a lot of the emotion and fear out of investing because you are more focused on a long-term strategy. You are less concerned with the immediate ups and downs, as long as you stick to a regular investment plan. EXAMPLE...

DILLIONWORLD: High Net-worth Individuals In Nigeria And How To G... : How To Market Your Products/Services To High Net-worth Individuals In Nigeria High net-worth individual (HNI) is a term used by so...

The Central Bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to their customers at N360 to the dollar. In a statement by the apex bank spokesperson, Isaac Okoroafor, all customers requesting forex for their basic transport allowance and personal transport allowance, tuition and medical fees, would henceforth get it at an exchange rate not more than N360 to 1 dollar. The terse statement reads, “The CBN to sell forex to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc),” the apex bank said on Monday. CBN directs banks to post new rates in the banking halls of their branches immediately. CBN examiners to visit banks to ensure the new rates are implemented. CBN prohibits banks from selling forex funds meant for invisibles to BDCs” The apex bank said it would sell to commercial banks at N357 per dollar and banks are to post the new rates in their banking halls o...

When do supervisors lose their leadership? Supervision literally means “watching over”. However, in reality, it’s a lot more complex than just keeping an eye on staff or operations. There is a leadership component in supervision. Hence a good supervisor should also be a good leader – positively influencing others to want to follow. A bad supervisor is that supervisor who lacks leadership skills, ability or training. In other words, they ‘work’ without the leadership component of supervision.  They might think they are doing a great job, but everyone around them knows they are not. People find it very difficult to follow them because there is no leadership. So when do supervisors lose their leadership? When they exhibit any of the following actions and behaviors: Lead and Manage by Intimidation When a supervisor uses force and threats to get things done, trying to intimidate others with their tone of voice, body language, and harsh words. Being abrasive, harsh, and severe. Criticize...