Inflation in Nigeria has been touted to be sub 10% more often than not over the past decade(2010-2020). However, is this truly the case? The data from the field has always been in sharp contrast to these values. The price of certain product/services have been known to double easily within a typical 2 -5 year…
Key amendments introduced by the Finance Act The increase in the VAT rate from 5% to 7.5%. The removal of the exemption applicable to dividends received by shareholders of upstream oil and gas companies. The exemption of small companies (companies with annual gross turnover of 25 million Naira or less) from payment of companies’ income…
Nigeria has literally struggled since independence! The cycle of Nigeria’s prosperity and mostly otherwise comes in about cycles with growth occurring some of the time and recession taking place almost every other time. For most of her life, Oil has been the mainstay of the Nigerian economy accounting for over 90% of her revenue. This,…
Startups are usually the brains behind the introduction of new products and services, and innovations that are usually commercialized.
The business landscape in Nigeria is getting increasingly scary and has witnessed several modifications over the course of the year making it significantly hard to catch up. This post brings valuable information about the business landscape in Nigeria to the forefront. Business Landscape in Nigeria According to Doing Business Report 2020, Nigeria made it easier…
Taxation is a significant consideration for founders who look to start their business in Nigeria or investors who look to invest in Nigeria. Taxes are fees levied by the government on individuals and companies to generate revenue for the running of the country. Tax There has three attributes Validated by law Not a voluntary payment…
One perk this list promise is simplicity of approach. This list was initially promised to be a list of 20 investment opportunities in Nigeria- However, there is no pressure to have so many investments and having headache managing them, rather have high performing investments that can be managed properly. You only need 5 high performing…
The ease of doing business is a yearly report by the world bank that reviews certain criteria about doing business in virtually all the world countries and generates a ranking using this data. This is a comprehensive breakdown of the report into easy titbits. it draws information from 15,000 professionals from 190 countries of the…
Startup valuation in Nigeria can be a little tricky considering the a lot of uncertainties that continuously shrouds starting and doing business in Nigeria. However complex this may seem, there are a few ways to arrive at a fairly accurate valuation with regards to the peculiarities that are descriptive of the Nigerian landscape. Setbacks to…
It’s 9am in this part of the world and there is no power, in fact in the past three days there has only been power for less than 20hrs! This post considers a typical company looking to invest in Nigeria’s power sector. Case study Company: Business Hub One Inc.(BHO Inc.)Country: NigeriaSector: Energy (Renewable) BHO Inc….
