Are there any annual compliance requirements that a company must meet in Nigeria?
A Nigerian company shall observe certain annual compliance requirements, including the requirement to hold an annual general meeting of shareholders every year and file annual returns to the CAC within 42 days of completion of the annual general meeting. The company shall also make annual tax filings to the FIRS. There may be other annual compliance requirements that a company will be obliged to comply with subject to a number of other factors, including the industry it operates in and the type of licences it holds.