Monthly Archives - July 2015

27 Jul

7 THINGS TO NOTE IN AN EMPLOYMENT CONTRACT

A contract of employment governs the relationship between an Employer and Employee and could either be a short written letter or a lengthy contract depending on the organization and level of employment. Every business has different needs and thus the style and content of the contract of employment will differ. It’s essential for both employer and employee to document their relationship for sake of minimizing disputes and allowing each party know the precise extent of their respective rights, duties and [...]

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Private Placements in Nigeria
20 Jul

BUSINESS FINANCE: PRIVATE PLACEMENTS EXPLAINED

Dear Subscriber, As a Company develops, funding growth and expansion becomes a major consideration for the sustainability of the business and this necessary capital can be sourced though diverse means which includes Public Offerings (selling shares to the public) Private Placements (selling shares/securities to select investors), Loans & Grants (Governmental & Financial Institutions) etc. Our focus this week is on Private Placements which simply refers to the offer and sale of corporate securities to a limited number of sophisticated investors. Guidelines [...]

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13 Jul

KNOW YOUR RIGHTS AS A NIGERIAN CITIZEN

For over a 100 years (1913 –till date), the Nigerian Constitution has been a working document, which outlines the basic structure of Government and also focuses on the rights of individual Nigerian Citizens. We, at IOC realize that an informed citizenry is the first step towards the change we all desire and that is why this week’s edition of IOC Weekly outlines these fundamental rights in easily understandable language. It is our hope that understanding your rights will not [...]

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06 Jul

21 TRADE INCENTIVES FOR BUSINESSES IN NIGERIA

The Nigerian Government has put in place a variety of incentive schemes which aims to support the development and growth of commercially viable and sustainable enterprises through the provision of tax reliefs, grants or guarantees. In continuation of our series on Doing Business in Nigeria, we now bring you a comprehensive overview and qualifications for accessing the various schemes. INCENTIVE QUALIFICATION 1. PIONEER STATUS Pioneer status is a 5 (five) year tax holiday granted to qualified industries anywhere in the Federation or 7 [...]

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