Overview

Technology set to transform the media and advertising industries in Nigeria
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In recent years Nigeria has earned a reputation as one of the fastest growing media markets in Africa. Over the past few decades the nation’s large population – currently estimated at around 170m, according to the World Bank – and rapidly expanding middle class have driven demand for new newspapers, magazines, radio and television programmes, music, film and, more recently, digital media of all…

Overview

Technology set to transform the media and advertising industries in Nigeria
OBG
plus

In recent years Nigeria has earned a reputation as one of the fastest growing media markets in Africa. Over the past few decades the nation’s large population – currently estimated at around 170m, according to the World Bank – and rapidly expanding middle class have driven demand for new newspapers, magazines, radio and television programmes, music, film and, more recently, digital media of all…

Overview

Reforms to drive growth in Nigeria's south-western state of Osun
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Having been established in 1991, the State of Osun is one of the younger states in Nigeria, and in recent years the state government has made ambitious efforts to expand and develop the local economy. Named after the River Osun, linked to the Yoruba goddess of fertility, the state was carved out from the former territory of Oyo State during a boundary re-drawing in the 1990s. Over the past two and…

Overview

A strong corporate base continues to anchor Nigeria's tourism sector
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As Nigeria receives little in the way of mainstream leisure travellers, the tourism sector is represented mainly by the domestic, visiting friends and family (VFF), and corporate travel segments. The country is ranked 178th globally in terms of the sector’s size relative to its GDP, with the direct and indirect contributions measured at 1.5% and 3%, respectively, according to the World Travel &…

Overview

Opportunities for private companies in Nigeria's health care sector, and efforts to improve provision
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With almost half of all Nigerians living below the poverty line and facing the dual burden of a high incidence of both infectious and non-communicable diseases (NCDs), Nigeria’s under-funded public health system is under immense pressure. Accordingly, international aid organisations and the private sector have a significant role to play in alleviating the burden on the state, and there is a strong…

Overview

Major upgrades to capacity and standards are needed for the country to meet its broader economic goals
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Home to the largest and one of the youngest and fastest-growing populations in Africa, Nigeria’s youthful demographic profile could prove to be either a future economic asset or a significant social burden. Given that 63% of the country’s 170m people are under the age of 24, much will ride on the progress that can be made to improve the quality and capacity of its education system. If properly…

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Nigeria's tax framework and its implications for businesses
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Nigeria, like other nations, has rules and regulations governing the operation of corporate entities in the country. A foreign entity intending to do business in Nigeria is required by the Companies and Allied Matters Act (CAMA) to incorporate a Nigerian company for that purpose. Branch operations or offices of foreign companies are not allowed in the country except in rare circumstances involving…

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Nigeria's legal framework and the rules and regulations for doing business
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Some of the relevant laws regulating corporate business in Nigeria include the following: The Companies and Allied Matters Act CAP C20, Laws of the Federation of Nigeria (LFN) 2004; The National Office of Technology Acquisition and Promotion Act CAP N62, LFN 2004 (NOTAP Act); The Companies Income (Amendment) Tax Act 2007 Capital Gains Tax Act CAP C1, LFN 2004 The Notap Act This Act established…

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Useful tips for business or leisure travellers to Nigeria
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Etiquette Relationships are very important within the business community. Meetings typically open with casual discussion about family, health and travel, along with an exchange of greetings and a handshake. The discussion commences at the host’s indication. Dress Business formal is required for foreigners in meetings, while locals choose between either Western or traditional attire. It is common…

Overview

Good hotels and resorts in Nigeria
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SOUTHERN SUN HOTEL IKOYI 47 Alfred Rewana (Former Kingsway) Road, Ikoyi, Lagos T: (+234) 1 280 5200, 1 280 0630 F: (+234) 1 280 0658, 1 280 0559 www.southernsunikoyi.com reservations@southernsunikoyi.com Rooms: 195 luxury bedrooms, including 86 standard and 97 executive rooms, 4 suites, 2 executive suites, 5 junior suites and 1 wheelchair-accessible room. Business Centre: Secretarial services available.…