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Process Optimization in Manufacturing: Where Nigerian Firms Are Losing Millions
Nigeria’s unreliable electricity supply alone contributes to economic losses estimated at $29 billion annually, disrupting manufacturing processes and inflating operating costs.Third-Party Risk Management: Are Your Vendors Your Weakest Link?
Explore how Nigeria's regulatory and business landscape is shifting to hold companies accountable for their vendors' actions. Discover why businesses are under growing pressure to strengthen their third-party risk management (TPRM) strategies—and how this shift represents a competitive edge for prepared service providers.Renewed Hope Nigeria First Policy: A Strategic Shift Towards Local Content and Economic Sovereignty
Many Nigerian businesses are missing out on growth not because of lack of potential, but because of poorly structured procurement processes. At Stransact, we offer practical strategies to help your business align with this new policy, meet procurement requirements, and take advantage of local sourcing opportunities.Avoid These Payroll Penalties: What Every Nigerian Employer Should Know
Many Nigerian businesses are losing money not to fraud, but to payroll errors. Stransact offers practical strategies to help businesses stay compliant, avoid fines, and focus on sustainable growth.5 Essential Business Reads for the Weekend
Get smart, timely insights on Nigerian business—from manufacturing and cybersecurity to financial reporting and capital market reforms. Stay informed with Stransact.The New Reality for Nigerian Manufacturers—And How to Compete in It
Nigerian manufacturers face shrinking margins and rising costs. Stransact offers actionable strategies to improve efficiency and ensure growth.The Investments and Securities Act of 2025: A Significant Milestone in Nigeria’s Capital Market Development
Explore the landmark Investment and Securities Act 2025 and its transformative impact on Nigeria’s capital market. Discover how the Act integrates digital assets, enhances investor protection, and bolsters global competitiveness through advanced SEC oversight and innovative regulatory reforms.Cybersecurity as a Boardroom Priority: Moving from IT to Strategic Risk
Cybersecurity is no longer just an IT issue—it's a boardroom priority. Discover how evolving threats, AI risks, and billion-naira losses in Nigeria are reshaping executive responsibility for cyber risk. Learn what top leaders must do now to stay resilient.Strengthening Financial Transparency in NGOs: Best Practices for Audit and Compliance
Financial transparency is crucial for NGOs to maintain donor trust, ensure compliance, and prevent mismanagement. This article explores key audit strategies, internal controls, and best practices to help NGOs strengthen financial governance and achieve long-term sustainability.Are You Losing Millions to Software You Don’t Even Own? Here’s What to Do Instead
Many enterprises spend millions on off-the-shelf software they don’t own—locked into rising subscription fees, compliance risks, and limited scalability. Discover why multinational corporations are switching to custom software solutions to cut costs, enhance security, and take back control of their technology infrastructure.How to File Your Personal Income Tax in Nigeria: A Step-by-Step Compliance Guide
re You Tax Compliant? March 31st is the PIT filing deadline in Nigeria! Learn who needs to file, how to do it, and where to pay. Get the full breakdown in this essential guide.National Repository Portal and Financial Reporting Compliance: A Guide for Nigerian PIEs
Starting January 2025, all Public Interest Entities (PIEs) in Nigeria must electronically file their financial statements via the National Repository Portal (NRP). This move enhances compliance, transparency, and digital transformation in financial governance.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.