4 Key Steps to Unlocking a flexible organization

In the 1950s, the average lifespan of an S&P 500 organization was around 60 years. Now, it’s about 15 years—and continues to decline. Lean start-ups are moving with purpose, speed and agility to reshape markets. By contrast, most major corporations are heavily layered, bureaucratic, and stifled by complex webs of reporting lines that weigh-down leadership and smother talent.

Blockchain technology: 9 benefits & 7 challenges

Deloitte Cyber Security Bulletin

Security Intelligence 13.58 million Nigerian Internet users suffer cyberattacks  About 14 per cent or 13.58 million of the 97 million Internet users suffer cyberattacks annually, the Director-General, National Information Technology Development Agency, Dr. Isa Ibrahim said this at the inaugural meeting of the Inter-ministerial Technical Committee on the Implementation of the National Cyber Security Strategy.

Ministry of Petroleum Resources Releases Draft National Petroleum Fiscal Policy

The Ministry of Petroleum Resources has released a draft fiscal policy for Nigeria’s petroleum industry. This is a fall out of the Ministry’s roadmap tagged “7 Big Wins” for the petroleum industry which was launched last year (Deloitte Tax Alert – FG launches new roadmap for Oil and Gas Sector).

Making cities smarter : How citizens’ collective intelligence can guide better decision making

Imagine that you are an urban planner charged with putting walkways in a newly built city park. How would you go about deciding where to put the paths? Several approaches come to mind: You could survey likely park users. You could copy “best practices” from other parks. Or you could build sophisticated computer simulations to project future foot traffic. Or you could take a different approach: What if you just open the park and observe the paths in the dirt naturally created by foot traffic? By using a process of discovery rather than design, you could leverage the built-in knowledge and preferences of real park users to find an optimal walkway solution. Prior to the construction of Freedom Tower in New York City, the great urban theorist Jane Jacobs suggested that the Ground Zero site scrap its existing street grid: “I was at a school in Connecticut where the architects watched…

The changing world of technology in financial services

Cognitive and analytical technologies are set to bring about widespread change in the financial services industry, not just when it comes to “defense” functions such as risk and compliance, but also in “offence” activities that drive marketing and revenue growth.

Is business analytics another passing fad?

There is little doubt that analytics is one of the leading trends in corporate circles globally. Does that mean it’s worth paying attention to? Business analytics has made a quick rise to the top of many executives’ must-have list. As most business veterans who have been in the trade long enough know, that is ample reason to question whether this is just another passing fad. It could also be a new capability that is  going to become essential for any company interested in making smarter decisions.

Unlocking human potential :Proactive practices for individual elasticity

The Center for the Edge has written extensively about how the world is changing, and about the implications and impact of this change on corporations. They have framed the deep structural shifts afoot and practices that institutions can adopt to thrive in the world to come. Now, this report addresses practices that individuals—not just leaders, executives, and top athletes, although many of their practices are relevant, but all of us—may need to adopt to thrive in this world.

FEC Approves Revised National Tax Policy

IFRS 15 New Revenue Model: Spotlight on Retail, Wholesale and Distributor Sector

Below, we highlight certain key impacts resulting from the new Standard that will be of particular interest to those in the retail, wholesale and distribution sector and then consider parts of the new Standard that may contribute to those impacts. Of course, many more complexities exist and, as described below, Deloitte has produced further guidance which explores these in greater detail.

Taxation of Insurance Business – Restating the case for legislative review

One of the major objectives of the National Tax Policy (NTP) is to ensure fairness and equity, in order to imbibe a tax culture where taxpayers are regarded as the custodians of our commonwealth and enhance the Nigerian business environment. With such laudable goals, the question begs to be answered, why the reality on ground is quite different from Nigeria’s prime policy document on tax. This may be due in part to an apparent disconnect between the NTP, our current tax laws and tax administration in Nigeria.

Tax deductibility of expenses incurred outside Nigeria: Are days of arbitrary awards over?

The increased pace of globalisation has not left Nigeria and Nigerian companies out. Consequently, Nigerian companies are increasingly involved in business activities abroad in order to remain competitive in today’s business environment. This means that companies in Nigeria earn income and/or incur costs outside Nigeria.