Payroll outsourcing risks take spotlight in suit against Bloomberg in Nigeria

The dispute centres on alleged failures in remitting statutory employee contributions to Nigeria’s National Housing Fund (NHF), resulting in financial loss, legal action, and reputational risk. This white paper examines the legal issues raised in the case, explores the systemic risks of payroll outsourcing, and offers actionable recommendations for global companies.

Nigeria’s real estate surge driven by illicit financial flows

Nigeria’s real estate sector has surpassed petroleum in GDP contributions, reflecting economic diversification. Factors behind this boom include significant illicit financial flows and remittances. Despite economic contractions, real estate investments have thrived, with many properties remaining vacant. Government efforts to address the housing deficit face challenges regarding property rights and ownership transparency.

NSE Weekly Market Report

Wednesday, July 29, 2020  EQUITY It was a brief trading week as the Market opened for three days in observance … More