Guide to Fiscal Information – Key Economies in Africa 2017
The latest publication of the Guide to Fiscal Information – Key Economies in Africa 2017 is now available to download. This publication contains an overview of the tax and investment environment of key economies in Africa.
Public Private Partnership (PPP) as an anchor for diversifying the Nigeria economy
Lagos Container Terminals Concession as a Case Study Across Africa, the Public Private Partnership (PPP) model has become increasingly critical as both a funding and operational mechanism for social (e.g. hospitals and schools) and economic infrastructures such as ports, railways, roads and airports. The public partner is typically represented by the government at a national, state, or local agency level. The private partner can be a privately-owned business or consortium of businesses with a specific area of expertise.
CBN introduces special foreign exchange window for investors and exporters
The Central Bank of Nigeria (CBN) on 21 April 2017 announced that it has set up a special foreign exchange window for investors, exporters and end users. The announcement was made via a Circular referenced FMD/DIR/CIR/GEN/08/007.
Federal Government approves new policy to boost local production of tomatoes
The Federal Government (“FG”) of Nigeria has developed and approved the implementation of a tomato sector policy (“the Policy”) whose primary aims include – increasing the local production of fresh tomatoes; increasing local production of tomato concentrates and reducing post-harvest losses.
PEBEC releases scorecard on its 60 days action plan to improve ease of doing business in Nigeria
The Presidential Enabling Business Environment Council (PEBEC), has released details of the outcome of the 60 days national action which was initiated to make Nigeria an easier place to do business (see earlier alert).
Applying blockchain in securitization
After months of analysis and consultations with various industry constituents involved in different stages of the securitization lifecycle, there is little doubt that blockchain and smart contracts (a key technology that enables many blockchain applications) hold such promise.
Global Powers of Retailing 2017 | The art and science of customers
The 20th annual Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2015 (encompassing companies’ fiscal years ended through June 2016), and analyzes their performance across geographies, sectors, and channels. It also provides a look at the world’s 50 biggest e-retailers and the 50 fastest-growing retailers.
Taxation of High Net-Worth Individuals: Is this a chase after shadows?
The current economic landscape has forced several State Governments hitherto dependent on Federal Government allocations to look inwards for revenue. Personal Income Tax, especially those payable by high net worth individuals (HNWIs) is gradually attracting the attention of State Internal Revenue Services (SIRS). Against this backdrop, some SIRS are currently deliberating the tax revenue potentials of HNWIs.
NEPC resumes processing of baseline data for reintroduced Export Expansion Grant (EEG) Scheme
The Nigerian Export Promotion Council (NEPC) has resumed processing baseline data for the reintroduced Export Expansion Grant (EEG) scheme. This follows the earlier announcement by the Federal Government (FG) that the scheme would be reintroduced in the 2017 fiscal year.
5 Key Steps to Improving Government-to-business experience
Good corporate citizenship is an essential ingredient for business success in any economy. This involves the responsiveness of Businesses to their legal obligations and objectives established by their stakeholders. While meeting stakeholder expectation may reasonably be within the control of a business, meeting up with legal obligations is an extrinsic factor to the business which has continually belabored business performance with its peculiar set of challenges.