Month: August 2020

nigerian naira, nigeria ngn, n badge

SHOPRITE’S NIGHTMARE AND RIGHTING THE NAIRA

Retail Supermarkets Nigeria popularly know as Shoprite in recent years have been struggling in Nigeria, majorly because of unfavorable policies and the multiplier effect of xenophobic attacks. According to Nairametrics in April, Shoprite reported sales decline of 8.1% in H2 of 2019 directly traced to the September 2019 xenophobic attacks. Fast-forward to 2020, Shoprite Nigeria …

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investment, concept, business

How many days does it takes to start a business in the biggest economies in Africa?

Of the biggest economies in Africa, Nigeria ranks lowest in the numbers of days to start a business. This is remarkable based on the country’s decision to: reduce the time needed to register a company improve the efficiency of her online platforms. no longer require on-site inspections for business premises registration. While this is commendable, …

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turnover, business, distribution

Government Increased Licensing Processes and Fees for Logistics Company

The introduction of increased licensing processes and fees for logistic companies is no doubt stifling. According to NIPOST, companies which provide international courier services like DHL, UPS and FEDEX, are expected to pay N20m for a new licence and N8m annually while those who offer national services are expected to pay N10m for licence and …

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