Strong growth in both equities and bonds in 2012, driven by foreign portfolio inflows that more than tripled from $5bn in 2011 to $17bn in 2012, according to the World Bank, cast off the long shadow of the 2008 financial downturn. With liquidity returning, authorities are planning to deepen and diversify the markets through reforms and the launch of new products. While Nigeria remains exposed to...
Nigeria
Displaying 667 - 672 of 1023
Chapter | Capital Markets from The Report: Nigeria 2013
Economic update | A taxing time for Nigeria
12 Jan 2014
As Nigeria looks to broaden and stabilise its source of revenues, the government is taking steps to streamline a complex, multi-layered system of taxation that has historically resulted in wide-spread evasion.
Partway through an ambitious agricultural development strategy, Nigeria is looking to the land to boost employment, ease the economy’s dependence on oil and ensure food security, but it will need to address a host of challenges before it can enjoy the fruits of its investments.
Articles & Analysis | Untapped potential: Despite many difficulties, the opportunities in agriculture are numerous from The Report: Nigeria 2013
Given that the country’s exports are dominated by hydrocarbons, Nigeria’s agricultural sector provides an estimated 60% of jobs across the nation – a dynamic that is mirrored in many of the states, and Oyo is no exception. Agriculture is currently the main contributor to Oyo State’s economy, comprising 38% of gross state product (GSP) and...
Articles & Analysis | Time to act: A rundown of pertinent legislation relating to investment from The Report: Nigeria 2013
Essentially a free enterprise country, Nigeria allows foreigners to own and operate businesses with minimal restriction. Except where eligible for exemption, all foreign investors are required to be incorporated as a separate entity in Nigeria and, until incorporation, shall not have a place for business in Nigeria other than for the receipt of...
Articles & Analysis | Time for change: A proactive approach is being taken to building the system from The Report: Nigeria 2013
As Nigeria continues to seek ways to diversify its economy, governments and corporate organisations recognise the importance of a dynamic tax system that is not only geared toward fiscal growth but addresses today’s business environment. The government, especially through the Federal Inland Revenue Service (FIRS) and the Joint Tax Board, is adopting...