ARTICLE
12 December 2022

Knowing Nigerian Government Agencies And What They Do

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Firmus Advisory

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Firmus Advisory Limited is a business consulting firm operating in three areas in Ghana, Regulatory Compliance,Market Research and Trade Development. We offer the following under services under these three areas. Regulatory Compliance- Company Formation,Tax Advisory,Immigration Support Services,Regulatory licensing and permits,Product certification.Market Research-Customer Experience,Market Insights,Industry Research,Employee Engagement,Business Plan.Trade Development- Business to Business match-making,Market Development, Market Entry Services,In-market seminars for visiting business delegations.
Businesses in Nigeria are well-regulated by various Nigerian Government Agencies.
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Businesses in Nigeria are well-regulated by various Nigerian Government Agencies. However, some Government Agencies work or regulate all businesses regardless of the sector or nature of business while others are specific to a particular sector. This article aims to help you identify the various regulatory agencies and how they apply to different businesses.

The Agencies and their functions as it pertains to businesses in Nigeria are briefly discussed below.

The Corporate Affairs Commission (CAC)

This is the first agency every proposed business must interact with before engaging in business activities in Nigeria. It is established by the Companies and Allied Matters Act (CAMA) and is charged with the responsibility of incorporating companies in Nigeria. Thus, before an individual or an entity can operate in Nigeria, it must be duly registered with the CAC (https://www.cac.gov.ng/). The forms of business entities in Nigeria include the Business Name, partnerships, and companies. Please note that foreigners cannot register a business name.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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