Key Business Terms in Nigerian Business Law (Group Vs Holding)
George Nwogu, Engr., MBA, PMP
COO | Upstream Project Manager | Planning & Cost Control Expert | Aspiring Rep, Orlu, Imo State ???????? ????????
Dear BIVILLEPM Community,
In the Nigerian business law context:
1. Group: Interconnected companies under common management. Subject to regulations ensuring transparency and accountability. “Oilserv Group” exemplifies operational synergy.
- Subsidiary: Controlled by a parent company, enabling centralized decision-making.
- Associate: Company with significant influence but not control, fostering collaborations.
2. Holdings: Entity primarily owning and controlling assets. Facilitates diversification and asset management. “Heirs Holding” exemplifies this structure.
- Dividend: Profit distribution to shareholders, enhancing shareholder value.
- Consolidation: Combining financial statements for a comprehensive view, aiding decision-making.
Can a Holding company still be a Group or vice versa?
Yes, a holding company can be part of a group, and vice versa. A holding company may have subsidiaries, making it part of a group. Similarly, a group may include a holding company if it owns multiple subsidiaries. In both cases, the holding company serves as the parent entity within the group structure.
Source: #GeorgeNWOGU and #GPTAI
#NigerianLaw #BusinessTerms #Group #Holdings #Subsidiary #Associate #Dividend #Consolidation #COO #GeorgeNWOGU #BIZVILLEPM ????
Warm regards,
Engr. George (Chìsom) ?WòGU (MBA, PMP??)
Motto: Humanity First, then Smart and Green. ??
My name is?George Nwogu,?a Senior Project & Planning Manager, COO and Global Trainer from Nigeria. I'm the Founder?of Bizville Project Management Limited
Services from?Bizville Project Management?are:
Follow us on?Social Media: