Business Opportunities in Nigeria and Across the World

STEP1 Incorporation of the Business at the Corporate Affairs Commission (CAC) in accordance with the Companies and Allied Matters Act, 1990. STEP 2 Registration of the company with Nigerian Investment Promotion Commission for the granting of Business Permit. IPC also grants approvals for expatriate quota positions and incentives. a. Requirements for Business Permit  Purchase NIPC form I for N10,000.00. Completed form submitted with original receipt. Certificate of Incorporation. A minimum share capital holding in the joint venture. Details of share holding in the joint venture. Joint venture/partnership Agreement where applicable. Memorandum and Articles of Association. CAC’s Form CO2 and CO7 duly certified. Evidence of capital importation for wholly foreign companies. Approval from the appropriate professional bodies where applicable.   Expatriate Quota In addition to the requirements listed under Business Permit, the following additional requirements have

BACKGROUND INFORMATION Palm Oil is derived from the West African palm fruit, which was imported to Southeast Asia from Africa in the 19th century and continues to enjoy extensive production in Indonesia and Malaysia. Palm oil makes up nearly 50 percent of edible oils consumed worldwide. Apart from being a popular ingredient in African food (especially soups, stews and porridge), palm oil has one of the most versatile uses of any plant product . Nigeria is the fourth largest producer of palm oil in the world accounting for 3% of global production. The Nigerian Institute for Oil Palm Research (NIFOR) estimates that upstream palm oil production is 0.98 million tons. Palm oil is an edible vegetable that is used in food, toiletries, cosmetics, and cleaning products around the globe. WHY CHOOSE PALM OIL Although there are other alternatives, including rapeseed and sunflower oil, palm oil is preferred to a variety of other vegetable oils for the following reasons: 1.       Palm