Information You Need About Registering A Company In Nigeria.

I came across this Article by "LOUDMOUTH" on Nairaland,
so I decided to share it with you because i believe its very important.

Have you ever felt it was high time you launched your business idea but do not have adequate information on registering a business in Nigeria? Or are you confused and do not know the most suitable structure to choose for your business? Have you search everywhere, yet cannot find a central resource to find answers to your pending incorporation-related issues?

It is worthy to note, however, that new policies regularly evolve at our nation's company registry - the Corporate Affairs Commission - so this write up is subject to regular update.

Enjoy reading!

Q1: What is a business name and why is it so important? A business name is the name which a business trades under for commercial purposes. There is more to business names than just identity. A good business name is an adver­tising tool. Many large companies even hire expensive consultants to help them name their businesses, products and services. Q2: I have this business name that I love so much, and I want to start a business under that name. Can I pro­ceed immediately? No. I think the next thing after you must have done a feasibility study on the busi­ness itself is to get the business name regis­tered at the Corporate Affairs Commis­sion (CAC). Q3: What do you mean by Corporate Affairs Commission? Registration of businesses in Nigeria is the exclusive responsibility of the Corporate Affairs Commission, also known as CAC; which has its head office in Abuja, and branches in most states of the federation. The CAC is the federal government agency responsible for registration of all companies. Q4: But I was told that the cost of registering/incorporating a company is expensive. Can’t I go on with the busi­ness then register the name later?

Dr. Nnamdi Azikiwe - GCFR

 

ZIK OF AFRICA

Born in Zungeru in present day Niger State in 1904 to Igbo parents. Dr. Nnamdi Azikiwe spent much of his early life in Lagos. Determined to succeed, he later found his way to the United States of America.


He returned to Africa in 1934 armed with a masters' degree in Political Science and Anthropology from Lincoln and Pennsylvania Universities, as well as strong Pan-Africanist convictions.
He started off in the Gold Coast (now Ghana) as Editor-in-Chief of the African Morning Post in

Abubakar Tafawa Balewa 1912 - 1966

 

Abubakar Tafawa Balewa was born in 1912 in Bauchi State and educated at the Bauchi Provincial School and the Katsina Teachers Training College; He later joined the Northern Peoples' Congress, (NPC) and was a member of the Northern Nigeria team to the Ibadan Constitutional Conference in 1950.

In 1951, he won a seat in the House of Assembly, Kaduna and was sent to Lagos by his party where he was appointed Federal Minister of Transport and Works in 1955.
It was during his tenure that the River Niger bridge at Onitsha was constructed, A fearless and courageous politician, he was a permanent delegate to the various Constitutional Conferences held in London leading to