THE FMCG SCOOP hosted Ore Afolayan (Mr Miyagi of Marketing). In this interactive session, we looked at the misconception between sales and marketing, the emergence of technology and agile methodologies, the impact of the Covid-19 on FMCG related businesses, how millennials and Gen Z’s are influencing innovation within the FMCG space, the effect of the AFCFTA agreement and the future for the industry. A quick takeaway is that players need to collaborate more while being open to a more efficient business model in other to build great customer experiences and secure consistent and long-term relationships.

You can connect via:

email: [email protected] 

IG: @legallymobile

Host: Vivian Okoh-Olutunfese

The WHT Regulations provide that “all types of contracts and agency arrangements OTHER THAN sales in the ordinary course of business” are subject to WHT at 5%. This means that sales in the ordinary course of business would not be subject to WHT. However, the WHT Regulations do not define what amounts to “sales in the ordinary course of business”.

Before November 30, 2020, taxpayers were under pressure to deduct WHT on all payments whether or not they are in respect of “sales in the ordinary course of business”. This created huge burden on low margin businesses for example those in manufacturing and trade. The Tax Appeal Tribunal has finally resolved this long standing ambiguity.

Barr, Micheal Dugeri, shared his insights and perspectives on the FMCG SCOOP. 

Remain business conscious and legally mobile.

You can connect with us via:

email: [email protected] 

IG: @legallymobile

Host: Vivian Okoh-Olutunfese 

Disasters strike every day, and while we can’t predict when they’ll occur we can prepare for them. One of the best ways to do this is by supplementing a comprehensive business continuity plan with a #Business Interruption Insurance.  Unfortunately, the outbreak of the COVID-19 pandemic this year has been a major disaster to several sectors including the FMCG industry. Our guest, Peter Offiong, who has a wealth of experience in and out of the insurance industry will do justice to this topic by sharing his perspectives. Fasten your seatbelts as this promises to be an interesting episode.

This is a prelude to the episode which will zero in on partial truth, fads, and misconceptions on registering business entities in Nigeria. In addition we will be touching on the value proposition for registering businesses in Nigeria and the new business framework added to the gazetted Companies and Allied Matters Act 2020. Watch out for Episode 2 of the #FMCG SCOOP.