Explore Our Insights
Expatriate Monthly Returns (EMR) in Nigeria: Key Compliance Rules for Employers
EMR is a mandatory monthly report that companies employing foreign nationals must submit to the Nigeria Immigration Service (NIS). It tracks expatriates' employment status, visa details, and movements. Failure to comply could result in hefty fines, quota revocations, and tax liabilities. Are you keeping up with your EMR filings?Financial Reporting in Nigeria: The Critical Role of ICFR
Financial transparency and accountability have never been more critical for businesses operating in Nigeria. With increasing regulatory scrutiny and evolving corporate governance standards, companies—especially Public Interest Entities (PIEs) and publicly listed organizations—must ensure their financial statements reflect true and fair positions.Are You Being Over-Taxed? How to Spot Errors in Your PAYE Deductions
Discover common PAYE errors, how to fix them, and use Stransact’s PAYE calculator to ensure accurate tax deductions in Nigeria.Why Nigeria Is Not Classified as a Hyperinflationary Economy
The FRC’s analysis reveals why Nigeria doesn’t qualify as a hyperinflationary economy under IAS 29. Explore the key indicators, economic reforms, and implications for Nigerian businesses.AI Adoption: Redefining Efficiency and Innovation in Your Business
Discover how adopting AI can transform Nigerian businesses with increased efficiency, innovation, and growth. Learn about the hidden costs of ignoring AI and explore key industry applications, actionable adoption steps, and the economic potential of AI in Nigeria.From Traditional to Digital: How Financial Services Can Thrive in the Era of Fintech
In this article, we explore how financial institutions can harness the power of fintech to enhance service delivery and foster financial inclusion in Nigeria.Strengthening Nigeria’s Manufacturing Industry with Independent Internal Audits
Explore the critical role of internal audit independence in driving growth, compliance, and operational efficiency in Nigeria's manufacturing industry.Technology as the Key to Combating Payroll Fraud and Financial Leakages in Nigeria's Public Sector
Discover how technology-driven payroll solutions can combat ghost workers, reduce financial leakages, and enhance transparency in Nigeria's public sector, saving billions annually for critical public services.Financial Management Strategies for Sustainable Growth in Nigeria's Oil and Gas Industry
Discover key strategies for optimizing operations, managing risks, and driving sustainable growth in Nigeria's oil and gas industry. Learn how expert assurance, audit, and consulting services can help businesses overcome challenges and unlock value in this vital sector.From Waste to Wealth: Why Nigerian Business Leaders Must Shift to a Circular Economic Model Today
Explore the transition from a linear to a circular economy in Nigeria, highlighting the environmental and economic impacts, key features, and benefits of circular practices. Learn how Stransact’s ESG consulting services can help your business stay future-thinking and agile in a rapidly changing world.Doing Business in Nigeria: The Business Registration Process
Learn how to register your business in Nigeria and navigate the essential permits needed to operate legally across various industries. This article covers registration with the Corporate Affairs Commission (CAC) and explains the specific licenses required for sectors such as oil & gas, telecommunications, food & drug manufacturing, and more.Doing Business in Nigeria: Navigating Business Immigration in Nigeria
Discover the key immigration processes and visa requirements for doing business or working in Nigeria. This guide covers visa types, documentation, and application tips for business travelers and entrepreneurs looking to explore opportunities in Nigeria.Doing Business in Nigeria: An Overview
Explore the vibrant and diverse business landscape of Nigeria, Africa's largest economy. This article covers essential insights into Nigeria's key sectors, regulatory frameworks, investment opportunities, and what investors and entrepreneurs need to know about doing business in the country.Navigating Global Challenges Affecting Nigeria’s Manufacturing Industry
Discover the key challenges facing the global and Nigerian manufacturing sectors, from FX volatility to supply chain disruptions. Learn actionable strategies to overcome obstacles, embrace technological advancements, and ensure sustainability in a competitive global market.Balancing Energy Demands and Environmental Responsibility
Explore how Nigeria's oil and gas sector is navigating the balance between rising energy demands and increasing environmental responsibility. Learn about ESG compliance, carbon reduction technologies, and sustainable business practices shaping the future of energy in Nigeria.How Cybersecurity and Data Privacy Drive ESG Strategies in Nigerian Businesses
Nigeria’s digital economy is rapidly expanding. According to the National Bureau of Statistics (NBS), the Information and Communication Technology (ICT) sector contributed about 16.2% to Nigeria’s GDP in Q1 2023. As more companies leverage digital platforms to enhance operations and customer experiences, the volume of personal data collected, stored, and shared has soared.Capital Gains, Crypto, and Compliance: Understanding SEC’s Incubation Programs and Tax Implications
The Nigerian Securities and Exchange Commission (SEC) recently announced significant advancements in its regulatory approach to digital assets through its Accelerated Regulatory Incubation Program (ARIP) and Regulatory Incubation (RI) Program. Learn more about this new developmentThe Legal Propriety of Ungazetted Acts or Regulations in Nigeria
Explore the legislative process in Nigeria, from the National Assembly’s role to the President’s assent, and understand the significance of official gazetting and the legal implications of ungazetted laws.The Future of Consulting: Predictions for the Next Decade
Explore the future of consulting with key predictions for the next decade, including the rise of technology integration, specialized firms, sustainability, and client-centric approaches. Discover how consulting firms like Stransact are shaping the industry to help businesses navigate change and thrive in a rapidly evolving landscape.Doing Business in Nigeria: Labour Matters
Explore key aspects of Nigerian labour laws, from equal pay to employment contracts, wages, healthcare, and termination processes, essential for doing business in Nigeria.Doing Business in Nigeria: Corporate Bank Account Opening & Anti-Money Laundering Compliance
Learn how to open a corporate bank account in Nigeria and navigate the essential steps for compliance with anti-money laundering regulations. This guide covers everything from choosing the right bank to understanding SCUML registration requirements.Doing Business in Nigeria: Setting Up an Accounting System
Discover how to set up a robust accounting system for your business in Nigeria. Learn about IFRS, CAMA regulations, and key steps for maintaining transparency, compliance, and financial stability. Get expert tips on choosing accounting methods, software, and more.FinTech: Credit Management as a Pathway to Profitability
Explore the impact of credit management strategies on liquidity and profitability in Nigeria's FinTech industry. Learn how effective risk assessment, optimized credit terms, and efficient collections processes drive sustainable growth in a challenging financial landscape.Our Journey to the CBD: A Milestone in Stransact’s Growth
Discover Stransact Chartered Accountants' strategic move to Victoria Island's Central Business District, reflecting our growth, ambition, and commitment to providing top-tier professional services across Nigeria.