Introduction Succession planning is like planting seeds for the future growth of your business. In Nigeria, where family-owned entities dominate the business environment, it’s essential to ensure a smooth transition of leadership to sustain growth and preserve legacies. Understanding Succession Planning Succession planning involves preparing for the transfer of leadership and ownership within a business. […]
Introduction In Nigeria, family-owned businesses are vital drivers of economic growth and entrepreneurship. According to a recent report by Moniepoint, nearly 50% of all businesses in Nigeria are family-owned. However, these businesses often face unique challenges related to corporate governance. This blog post explores the importance of strengthening corporate governance in family-owned businesses and […]
On February 27, 2024, the Federal Government of Nigeria introduced the Expatriate Employment Levy (“the levy”), a significant policy aimed at regulating the employment of foreign workers within the country. This mandatory contribution is designed to strike a balance between the benefits of expatriate employment and safeguarding local labour markets and resources. How Does the […]