Succession Planning for Nigerian Family Businesses: Avoiding Value Loss in Nigeria Let me tell you about a conversation that happens too rarely in Nigerian family businesses. The founder is in their late fifties. Healthy. Focused on expansion. Succession is something they will think about later. Then life intervenes. A sudden illness. An unexpected death. A family dispute that makes continued…
The Economics of Turnaround Management: Lessons from Failed Brands in Nigeria Let me tell you about a pattern that has played out hundreds of times in Nigerian boardrooms. A company that seemed unstoppable begins to struggle. Sales drop. Costs rise. Cash dries up. Panic sets in. Then, too often, denial. By the time leadership accepts there is a problem, the…
Why Nigerian Startups Fail Financially: An Accountant’s View Let me tell you something that keeps many Nigerian founders awake at night. You have a great idea. Customers are buying. But somehow, the money keeps disappearing. You are not alone. According to the Global Entrepreneurship Monitor (GEM), over 60 percent of Nigerian startups collapse within their first three years. From an accountant’s…
