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UNDERSTANDING THE IMPACT OF SEC NEW GUIDELINES ON CROWDFUNDING

UNDERSTANDING THE IMPACT OF SEC NEW GUIDELINES ON CROWDFUNDING

MSME’s in Nigeria experience difficulties when raising capital from conventional models. As a result, more businesses are beginning to explore emerging financial alternatives like crowdfunding and this has created a corresponding need for more scrutiny and oversight by the government.  In response to these concerns, the Securities and Exchange Commission (SEC) announced on January 25, 2021, its new rules and amendments to certain financial instruments and products (the “Guidelines”). As expected, one of the activities significantly affected by the Guidelines is crowd funding in Nigeria.

To properly appreciate the implication of the Guidelines on crowdfunding, it is important to first understand what crowdfunding means.

HIRING AN ACCOUNTANT IS AN INVESTMENT DECISION

HIRING AN ACCOUNTANT IS AN INVESTMENT DECISION

If you have a multimillion naira business. How much would you be willing to invest in accurate accounting and analytics to aid decisions?

The New Liquified Petroleum Gas Guidelines: Key Considerations for Investors & Operators

The New Liquified Petroleum Gas Guidelines: Key Considerations for Investors & Operators

The Department of Petroleum Resources in Nigeria (DPR) recently approved new guidelines for the accommodation of more Liquefied Petroleum Gas (LPG) investors and operators across the country.

CROWDFUNDING OF START-UPS IN NIGERIA - UNDERSTANDING THE CONCEPT, OPPORTUNITIES AND THE REGULATORY FRAMEWORK

CROWDFUNDING OF START-UPS IN NIGERIA - UNDERSTANDING THE CONCEPT, OPPORTUNITIES AND THE REGULATORY FRAMEWORK

Start-ups are generally more financially constrained than larger existing firms and are also less likely to have access to formal finance. Across the globe, they face difficulties in securing capital from the traditional financing models and these constraints are even more pronounced in less developed countries. This has led to the creation of alternative financing sources outside the conventional bank lending options. Crowdfunding is one of the promising alternative financing sources capable of bypassing the traditional funding methods.

Stay on top of your business finance

Stay on top of your business finance

Irrespective of the size of your business, you need to understand the nature and sources of your finances. As a business owner, there is a need to ensure continuous cash inflow.

Building an Effective Finance Organization While Working Remotely

Building an Effective Finance Organization While Working Remotely

The advent of the new normal has undoubtedly impacted the individual and professional lives of late.

EQUITY CROWDFUNDING PORTAL IN NIGERIA - INVESTOR OPPORTUNITY

EQUITY CROWDFUNDING PORTAL IN NIGERIA - INVESTOR OPPORTUNITY

Crowdfunding can be defined as a method by which individuals or companies raise funds online from the general public to finance a company or a project. A crowdfunding platform could be a website portal, intermediary portal, mobile application, or other similar medium of exchange employed to facilitate interaction between fundraisers and the investing public.

PERSONAL INCOME TAX FILING

PERSONAL INCOME TAX FILING

 

As we prepare to conclude this phenomenal year and celebrate the Christmas & New Year holidays, we will like to quickly bring to your attention the personal income tax filing obligations that every employer or business owner is required to prepare for in the coming year...

DEVELOPING SOCIAL CAPITAL FOR BUSINESS GROWTH

DEVELOPING SOCIAL CAPITAL FOR BUSINESS GROWTH

DEVELOPING SOCIAL CAPITAL FOR BUSINESS GROWTH - How to Ignite Your Networks for Business Impact

Bishop and Rooks is a company providing integrated professional services in the areas of audit, legal, tax, financial accounting, payroll and business advisory. We work through our offices in Nigeria (Lagos, Port Harcourt, Abuja and Ibadan) and Ghana (Accra).

Contact Us

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    Lagos: 1, Abayomi Durosinmi-Etti Street, Lekki Phase 1
    P. Harcourt: 42, Trans-Amadi Industrial Layout
    Abuja: 46, Lobito Crescent, Wuse 2
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    Phone : +234 700 ADVISOR