The Manufacturing community of Nigeria

Uncertainty about transfer pricing rules in Africa a concern for foreign companies

Tue, 05 Apr 2011 12:05:00 +0200

Companies doing business in Africa face several uncertainties, including how tax authorities will handle transfer pricing (TP). It is vital that organisations prepare comprehensive documentation to demonstrate their application of the arm's length principle and the procedures followed.
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Nigeria: New refinery for Golden Sugar

Fri, 28 Jan 2011 09:41:00 +0200

Golden Sugar Company on Wednesday, 26 January 2011, signed a US$143.3 million, five-year syndicated multi-currency contract to finance the construction of a new sugar refinery complex in Lagos State, Nigeria.
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Unemployment, inflation worries hit consumer confidence

Thu, 27 Jan 2011 11:00:00 +0200

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
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GM restructures African business, seeking growth

Tue, 23 Nov 2010 12:36:00 +0200

General Motors (GM) has announced a new strategy for African business, which it hopes will allow GM to capitalise on the growing opportunities around the continent.
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