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Various business regulatory agencies regulate the activities of
companies in Nigeria. While some of the agencies apply to all
businesses regardless of the sector, the nature of the business,
others are specific to a particular sector. This write-up will give
a brief overview of the regulatory agencies and identify whether
such agency applies to all business or a particular sector.
The agencies and their functions concerning businesses in
Nigeria will be briefly discussed below.
The Corporate Affairs Commission (CAC)
This is usually the first and foremost agency every proposed
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The Oil and Gas sector serves as a major source of revenue in
Nigeria. Any person intending to start an oil and gas business in
Nigeria must comply with the certain legal requirements. This
write-up will give a breakdown of the step by step procedure
necessary to set up oil and gas business in Nigeria.
The following steps must be followed to start an oil and gas
company in Nigeria:
Registration of Company
Registration at Corporate Affairs Commission
This applies to all businesses owned by nationals, foreigners or