The key to successful delivery of Capital Projects in Africa
Delivering Capital Projects is a complex process that requires the effective integration of a number of variables. The successful delivery of such a project largely depends on frequent measurement of progress, evaluating plans and making adjustments where necessary.
FEC approves new bilateral tax treaty between Nigeria and Singapore
In the bid to facilitate more trade between Nigeria and Singapore, the Federal Executive Council (FEC) on Wednesday, 16 November 2016 approved a bilateral tax treaty between the two countries. A bilateral tax treaty, also known as double tax treaty (DTT), helps to eliminate the double taxation of income arising in either of the countries and paid to residents of the other. Meanwhile, double taxation is the levying of tax more than once on the same declared income, asset or financial transaction, often by two or more jurisdictions.
Culture shift: Changing beliefs, behaviors, and outcomes
Culture is like an iceberg. The part that can be seen above the waves reflects the isolated behaviors and outcomes that can surprise and sometimes frustrate incoming executives. The bulk of it, though, the submerged part, comprises the “shared beliefs and assumptions” that are often shaped over generations and can sometimes punch a hole through titanic corporate initiatives.
FRC issues National Code of Corporate Governance
The Financial Reporting Council of Nigeria (FRC) has issued National Codes of Corporate Governance (the Code) for the private sector, public sector and not-for-profit organisations in Nigeria. The Code, which is effective from 17 October 2016, was issued by FRC following a Federal High Court ruling that FRC has the powers to issue the Codes.
Building your data analytics capabilities
Analytics is at the forefront of the C-suite’s agenda these days. Operating in today’s complex, highly regulated business environment, leaders can no longer just “trust their gut.” Most companies already have at least a subset of the capabilities they need to engage in business analytics. The challenge is to push those capabilities even deeper into the organization — from business executives to the front lines.
FIRS seals business premises of defaulting companies
The Federal Inland Revenue Service (FIRS) has continued to seal business premises of defaulting tax payers in continuation of its compliance enforcement drive. The tax agency recently sealed business premises of tax payers in Lagos, Ibadan and Port-Harcourt for failure to settle outstanding tax liabilities, covering periods as recent as 2015.
The CFO Report 2016 – West Africa
What challenges are faced by CFOs in West Africa and the rest of Africa? In this report, 349 CFOs from South Africa, Southern Africa, East Africa and West Africa have given their views on the cost of funding, risk factors, cash flow priorities, expansion plans and strategic intent.