ETIQUETTE: Relationships are very important in the business community. Meetings typically open with a handshake, followed by a casual conversation about family, health and travel. In the Muslim north, business and leisure travellers should wait for a woman to extend her hand before offering theirs....
In February 2019 Nigerians will once again go to the polls to elect a president, National Assembly and leaders across the political sphere, at the federal and state levels. The incumbent head of state Muhammadu Buhari is seeking re-election, alongside a large pool of candidates. Meanwhile, the ruling All Progressives Congress (APC) party will...
Nigeria is Africa’s biggest oil exporter and, with a population of 193m, the region’s biggest economy and largest consumer base. While the government is reliant on oil and gas for its revenue, the economy itself is more diversified, with manufacturing, banking and insurance, retail, and agriculture all major contributors. However, each of...
The most populous country in Africa and blessed with abundant natural resources, Nigeria is the continent’s largest economy by GDP. Combining oil and gas wealth with the entrepreneurial efforts of its predominantly young population, Nigeria has developed a business-friendly environment over two decades of civilian rule and in the nearly 60...
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Although the local economy has continued to recover from the negative impacts of the oil price shock of 2014 and the 2016 recession, more remains to be done to achieve economic diversification. The results of our second Business Barometer: Nigeria CEO Survey show increased confidence among C-suite executives, with 85% expressing positive or...
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