Explore Our Insights
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: 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: 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: 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.The 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.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 developmentHow 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.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: 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.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.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.Are the Potential Rewards of High Debt Worth the Risks for Your Business?
Explore the risks and benefits of high debt levels for businesses. Understand financial gearing, the impact of economic downturns, and strategies for mitigating risks associated with high leverage.Should You Be Worried About Multinationals Leaving Nigeria? Eben Joels Weighs In
Nigeria's economic landscape faces hurdles like inflation and a depreciating currency. Eben Joels, an industry expert, offers solutions for growth in an exclusive interview.Comprehensive Review: Deduction of Tax at Source (Withholding) Regulations 2024
Discover key updates in Nigeria’s Withholding Tax (WHT) Regulations 2024, their impact on businesses, and potential legal risks for early compliance. Learn more now.Nigeria's New Withholding Tax Regulations Explained
Confused by the new withholding tax regulations in Nigeria? This comprehensive guide explains who's exempt, the difference between withholding tax and VAT, and how to avoid excess credit pitfalls. Learn how the new rules impact businesses and improve tax compliance in Nigeria.Leveraging the Employee Compensation Act for Worker Safety in the Oil and Gas Industry
This article explores the Employee Compensation Act (ECA) and its impact on Nigeria's oil and gas industry. It explains how the ECA protects workers, outlines key provisions, and highlights challenges like awareness and claim processing.How Multiplicity Of Taxes, Levies Hinder Businesses In Nigeria
Eben Joels, a managing partner at Stransact Chartered Accountants and Audit, discusses tax reforms in Nigeria, President Bola Tinubu's one-year administration, and what the federal government must do to put the country on a path of progressive growth and socio-economic development.