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 …
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, …
How many days does it takes to start a business in the biggest economies in Africa? Read More »
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 …
Government Increased Licensing Processes and Fees for Logistics Company Read More »
The property rights index for Nigeria from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Nigeria as well as the extent of corruption in the judiciary and the enforcement of contracts. From …
The article opens with a dramatic excerpt from two conversations symbolic of grassroots economic experiences in two Nigerian families in different part of the same state. One, a victim of the lockdown, the other, a victor. It proceeded tof give a synopsis of events that depicts the structural changes in the economy heralded by the …
Research/Findings:The Temkin Group found that companies that earn $1 billion annually can expect to earn, on average, an additional $700 million within 3 years of investing in customer experience. A Walker study found that by the end of 2020, customer experience will overtake price and product as the key brand differentiator. Based on these findings, …
Imagine you are the head of a household of two children: Stephen and Stanley. Steve (28) is a promising young Architect who works at Ikoyi earning N100,000/month. Stan (17) is a non-bookish SSCE graduate who is still seeking admission into the University. They both live at home; your house. You have a car and the …
WE DON’T HAVE A RICE PROBLEM by Tosin Adeoti #OpenNigerianRoadBorder Read More »
On the 24th of June, 2019, the president signed into law the Nigerian Police Trust Fund Act. The Act establishes a Fund; proceeds from which will be used to train police personnel and procure security machinery and equipment. The Act imposes a levy of 0.005% of the “net profit” of companies ‘operating business’ in Nigeria. …
Reactions as Nigeria imposes Police Trust Fund levy chargeable on companies’ net profit. Read More »
“The Cheetah Generation is the new and angry generation of Africans who can see that their leadership has failed them … They’re not going to sit there and wait for governments to come and do things for them. As a matter of fact, they’re not going to sit there and beg for foreign aid, because …
