Category Archives: Nigeria News

Nigeria News

Ajua Acquires WayaWaya

Leading Customer Experience Platform for Africa to Integrate Intelligent Messaging and Payments Platform Across its Product Suite  Ajua, the integrated Customer Experience Management solution for businesses in Africa, has acquired WayaWaya, the Kenya-based Artificial Intelligence [AI] and Machine Learning [ML] known for its innovative Janja platform, that enables borderless banking and payments across apps and […]

A Re-Definition Of The Term “Public Character” And Its Impact On The Taxability Of Non-Governmental Organisations In Nigeria

By Ibrahim Moshood, Associate and Tozaye Balogun, Director of Tax Services, Centurion Law Group The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”. The Circular, published on 31 March 2021, amends, updates or […]

The SEC’s Circular On The Trading Of Foreign Securities By Investment Platforms In Nigeria

By Ibrahim Moshood, Associate, Centurion Law Group The apex regulator of securities in Nigeria, the Securities and Exchange Commission (“SEC”) has issued a circular, with respect to technology investment platforms providing the Nigerian public with access to foreign securities. The circular dated 8 April 2021, issues a strong warning to these investment platforms and Capital Market Operators […]

Wärtsilä Optimised Maintenance agreement supports growth ambitions of a privately-owned Nigerian supplier of energy to the national grid

The technology group Wärtsilä has signed a long-term Optimised Maintenance agreement covering power plants in three locations owned by Paras Energy, a 100 percent privately-owned Nigerian energy provider. The aim of the agreement is to ensure the plants’ continued high levels of availability, reliability and efficiency, while providing important cost predictability for future budgeting purposes. […]

The Central Bank Of Nigeria’s Naira For Dollar Scheme

By Ibrahim Moshood, Associate, Centurion Law Group The “Naira 4 Dollar” Policy With a considerable amount of its population in the diaspora[1], Nigeria is one of the top three African destinations receiving the largest inflow of foreign remittances at over USD 24 Billion in the last quarter of 2020.[2]  In an effort to sustain and encourage the […]

Successful Development In Africa

Economic Trends 2000-2020 by Dirk Bol March 2021 Introduction In this paper I intend to review Africa’s economic progress since the year 2000, so two decades. When I say Africa I mean  Sub-Saharan Africa (SSA), 47 to 49 countries excluding the five North African ones (but including Somalia without data and South Sudan with little […]

Hotel Developments in West Africa

For being the second largest Continent on earth, Africa has a wide range of options for hotel development in many of its regions having more space for expansion and capital growth. The middle-class population is estimated to be near 350 million people by the African Development Bank. A portion of this population holds the probability […]

Without flexibility, Nigeria will face difficulties integrating large amounts of renewable energy into the grid

Op-ed by Wale Yusuff, Managing Director of  Wartsila Marine & Power Service Nig Ltd As the largest economy in Africa, with huge gas reserves and high solar energy potential, Nigeria has all the natural resources necessary to meet the growing demand for electricity. However, the inadequate energy infrastructure still leaves a significant part of the population without […]

erpSOFTapp Odoo; Nigeria joins the league of Gold Partners with V14 Certification

The integration of smart business applications is on the rise in Nigeria, especially in the last year due to the COVID 19 pandemic. One of such application is the Odoo business app. Formally known as Open ERP (Enterprise Resource Planning), Odoo made its debut in Nigeria in 2015. Since then, the integration of the much […]

AMAKA Studio: A Publisher Dedicated To Celebrating Pan-African Womanhood Launches

AMAKA Studio (AMAKA) launched on 11 March. Founded by 25-year-old Nigerian-American CEO Adaora Oramah, the online platform will spotlight nuanced stories for women from Africa and across the diaspora. Intentionally launching the week of International Women’s Day, AMAKA kicks off by celebrating its reason for existence –  Pan-African womanhood – for the entire month of […]