Shell Companies in Nigeria spent a total of $195.5 million on social investments in the country in 2015, making Nigeria the largest concentration of social investment spending in the Shell Group.
As the New Year turns in, it will be very rewarding to position well so as to finish strongly in the year. If you had known 15 years ago what you now know today, would you have been more successful?
Banks are desperately searching for how to invest the over N1 trillion of excess cash in their vaults. This desperation was reflected in trading for treasury bills (government securities) where banks and other investors demanded for 291 percent more bills than the amount offered for sale by the Central Bank of Nigeria (CBN).
Information technology (IT) spending in Nigeria will top $5.3 billion in 2016 as organisations increasingly embrace digital transformation initiatives in a bid to streamline their costs and bolster flexibility according to technology research and consulting services firm, International Data Corporation (IDC).
My initial thoughts are that this is a good initiative by the Government of Nigeria. There is nothing more frustrating than accountability and lack thereof when it comes to finance and auditing.
Dr. Stanley Ko is a Singaporean entrepreneur, business development strategist, and Founder of Albarka Africa Investments. He has worked for many years in Africa, namely Nigeria and South Africa, in various directorial capacities. He currently resides in Johannesburg, South Africa. His interview with Africa Business Communities: