Search Results for: Nigeria

MEPS CHANGE EU SHAREHOLDER RIGHTS LAW

Reforms to the European Union (EU) shareholders’ rights directive (2007/36/EC) have been approved by the European Parliament. Key changes, that are expected to be formally approved by the EU Council of Ministers, include that institutional investors and asset managers declare how they invest in a company and work with their executives.…

THE ANCIENT Celts has a saying: “To the brave belong all things.” And in business, this remains true. Companies prepared to take big risks, can reap big spoils. But they can also stumble into disaster. Such calculations are always made when foreign companies consider trading or investing in so-called ‘failed states’ or those at risk of failure.…

KENYA has long been regarded as east Africa’s economic powerhouse, with residential and industrial construction boosting sales of paints and coatings – and for now there seems to be no halt in this progress. Indeed, the last World Bank assessment of growth in this 45 million people country was that GDP rose by 5.6% in 2015.…

THE FEDERAL Airports Authority of Nigeria (FAAN) has confirmed to Jane’s Airport Review that Nnamdi Azikiwe International Airport will be closed for six weeks while construction crews repair its pitted and potholed runway.

The closure – which was scheduled to begin on March 8 – will cause flights to be diverted to Kaduna Airport, which is 250km away from the Nigerian capital, and where construction work on a second terminal is still underway.…

THE MODERATION of growth across sub-Saharan Africa last year to 1.5%, (according to the World Bank), from an average 5-7% per annum in the previous 10 years, may signal that the region needs to firm up its financial professions and institutions to help preserve its recent economic gains.…

A JUDGE yesterday (January 17) approved Britain’s largest ever commercial crime enforcement action – a GBP497.25 million (USD616 million) plus interest and GBP13 million costs (USD16.1 million) deferred prosecution agreement with the UK’s Serious Fraud Office (SFO). Sir Brian Leveson, President of the Queen’s Bench division, agreed the penalty for Rolls-Royce, covering covers 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery.…

NIGERIAN men are often pragmatic consumers who focus on essentials when buying grooming products, and indeed sales of daily staples such as toiletry, shaving and fragrance products have been growing phenomenally in west Africa’s economic powerhouse.

But personal care product companies should not ignore non-essential grooming products for men in Nigeria – it may be a niche, but market experts have told Cosmetics Business Markets that the potential of these sales should not be underestimated.…

SWITZERLAND may have lost its reputation as a haven for dirty money deposited in numbered accounts with no questions asked, but global anti-money laundering (AML) body the Financial Action Task Force (FATF) wants more vigilance and proactivity in Swiss AML policies and actions.…

SUB-Saharan Africa offers the personal care product a real chance to see solid and steep growth in sales in upcoming years, with the region’s middle class growing in size and prosperity, served by international brands boosting their retail presence, especially in larger urban markets.…

IVORY Coast has imported more than double the value of cosmetic products in 2015 when compared with 2009, from the European Union (EU) alone, signaling the creation of a booming domestic beauty market as the country emerges from a civil war that ended in 2011.…