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.
Manufacturing and Retail
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.
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.
Accounting for VAT in Manufacturing Industry: Cashflow and Compliance Challenges
Nigerian manufacturers face unique challenges with VAT accounting, including cash vs. accrual basis, claiming input VAT on inventory, and recovering input VAT on exempt sales. This article explores these challenges and proposes solutions for a more efficient VAT system in Nigeria’s manufacturing sector.