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    In Nigeria, the most common type of rental agreement in today’s rental market is a fixed-term lease that can have a duration of a year or more depending on what is agreed upon between the landlord and tenant. This article analyses the pros and cons of paying rent on a monthly basis (short-term lease).

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    The Nigeria Mining Cadastre Office, on receipt of a valid application, is obliged by law to grant and issue an Exploration Licence within 30days. PROCEDURE FOR OBTAINING A MINING LEASE IN NIGERIA. The grant of Mining Lease is coordinated by the Federal Ministry of Mines and Steel Development(MMSD) under the Mining Cadastre Office approving same.

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    On Monday, July 20, 2020, the Federal Inland Revenue Service (FIRS) issued a public notice clarifying the administration of stamp duties in Nigeria (the “Public Notice”). The Public Notice among other things sets out the basis of stamp duty payments as well as the applicable stamp duty rates for various chargeable instruments.

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