Business

Navigating the Future: Leading Consulting Firms in Nigeria in 2023

Published

7 months ago

October 9, 2023

In the dynamic landscape of modern business, the role of consulting firms has evolved significantly.

Consulting firms are no longer just about providing expertise in various domains but have become strategic partners in shaping a company’s success.

To navigate this evolving terrain effectively, many businesses in Nigeria turn to consulting firms, such as Kaizen Academy Nigeria Limited (Kaizen Academy). These firms provide valuable expertise, innovative solutions, and a deep understanding of local and international business practices.

Here, we present the top consulting firms in Nigeria for 2023, offering insights into their services and contributions to the Nigerian business landscape, including the exceptional offerings of Kaizen Academy Nigeria Limited (Kaizen Academy).

1. MacTay

Location: 5 Prince Adedeji Adelowo Street, Lekki Phase 1, Lagos, Nigeria Contact: +2349139385550

With over four decades of experience, MacTay stands as the foremost management consulting firm in Nigeria. Specializing in HR solutions, MacTay offers a wide range of services, including HR consulting, employee outsourcing, contact center solutions, learning and development solutions, and background checks and verification. The firm’s local presence, a vast network of outsourced employees, and a team of experts make it a go-to choice for businesses across diverse industries. MacTay’s excellence in the field was recognized when it received the 2021 Best Consultancy/Human Capital Service Provider award from NECA (Nigeria Employers’ Consultative Association).

2. SeamlessHR

Location: 8 Metalbox Rd, Ogba, Ikeja, Lagos, Nigeria Contact: +2348090643874

SeamlessHR offers a comprehensive HR software solution designed to streamline HR processes and manage HR data. Their technology-enabled platform simplifies HR tasks, including recruitment management, payroll management, and performance management. With a commitment to modernizing HR operations, SeamlessHR helps organizations grow efficiently and automate HR tasks from hiring to retirement.

3. Lington & Bernie Consulting

Location: 9A, Omo Osagie Street, Off Awolowo Road, Ikoyi, Lagos, Nigeria Contact: +2348033201664

Lington & Bernie Consulting has been a prominent name in HR placement and management, HR consulting services, tax administration, and payroll services since its establishment in 1999. The firm’s team of experienced professionals, with over 100 years of combined industry experience, caters to clients in sectors such as oil and gas, banking, and financial institutions. Lington & Bernie Consulting is renowned for its ability to anticipate client needs and provide quality consulting services, backed by state-of-the-art facilities and modern information systems.

4. Proten International

Location: 11a, Mojidi Street, off Toyin Street, Ikeja, Lagos, Nigeria Contact: +2348120012966

Proten International is a global HR and management consulting firm that focuses on providing advisory and transformational solutions. The company aligns its clients’ people, processes, and technology with their business strategy and vision. Initially founded in the UK in 2010, Proten expanded its operations to Nigeria in 2015 and now serves clients in various industries, including banking, oil and gas, and insurance. Their services encompass HR advisory, outsourcing, background verification, recruitment and selection, and learning and development.

5. Alan & Grant

Location: Lagos, Nigeria Contact: +2349054640009

Alan & Grant is a consulting firm that specializes in delivering innovative HR and business solutions to organizations aiming to enhance performance in the areas of people, products, and projects. The firm’s services cover HR advisory, recruitment and selection, strategy design and execution, outsourcing and workforce management, and learning and organization development. With a focus on sustainable growth and profitability, Alan & Grant serves a diverse range of sectors, including finance, education, and technology.

6. Phillips Consulting

Location: 9A Shafi Sule St, Lekki Phase 1, Lagos, Nigeria Contact: +2349060000804

Established in 1992, Phillips Consulting has emerged as a leading business and management consulting firm, serving clients across Africa through offices in Lagos and Abuja. Specializing in transformation, technology, and outsourcing services, the company boasts a diverse team of professionals with expertise in business strategy, transformation and change, digital technology, information technology, and training. Phillips Consulting’s services encompass people transformation, technology services, international development, and learning program management.

7. Workforce Group

Location: Plot 9, Gbagada Industrial Scheme, besides UPS, Gbagada-Oworonshoki Expressway, Lagos, Nigeria Contact: +2349031946744

Workforce Group, a leading African business and talent consulting firm, operates a network of diversified businesses. The company offers a wide range of services designed to enhance business performance, optimize growth, and deliver exceptional results across various sectors, including technology, telecommunications, oil and gas, financial services, and FMCG. With over 125 consultants and 8500 employees, Workforce Group distinguishes itself with its unique approach, expertise, and pioneering Zone Tech Park.

8. Kimberly Ryan

Location: Plot 3/4, Water Corporation Road, Oniru, Victoria Island, Lagos, Nigeria Contact: +2348184532278

Kimberly Ryan, established in 1997, is a leading HR consulting firm providing outsourcing solutions, HR transformation, and talent management services across Africa. The company collaborates with clients to drive business growth and success, often establishing strategic partnerships to deliver customized solutions tailored to clients’ needs. Kimberly Ryan’s services include outsourcing, HR advisory, recruitment and selection, and learning and development.

9. ICS Consulting

Location: 6, Olusoji Idowu Street, Ilupeju, Lagos, Nigeria Contact: +2349087222874

ICS Outsourcing is a prominent Nigerian outsourcing provider offering a range of services, including People Outsourcing and Sales BPO. The company focuses on value-added service delivery and is known for exceeding clients’ expectations by identifying and closing efficiency gaps, ultimately delivering positive outcomes. Their services encompass recruitment, IT outsourcing, people management, background checks, and payroll outsourcing.

10. Ascentech Services

Location: First Floor, No 148/150 Bode Thomas Street, Surulere, Lagos, Nigeria Contact: +2348079211199

Founded in 2013, Ascentech Services Ltd is a leading human resource solutions provider based in Lagos, Nigeria. The company aims to build long-term partnerships with clients by providing robust and adaptable services that meet their changing business needs. Their HR solutions assist companies in shaping and managing change, offering services in recruitment, outsourcing, and learning and development.

11. Kaizen Academy Nigeria Limited (Kaizen Academy)

Location: Lagos (Head Office) Unit 2, The Buxhub Station, 18B Bashorun R.I. Okusanya Ave, Lekki Phase 1, Lagos +234 (0) 703 970 1049 info@kaizenacademyng.com

Kaizen Academy Limited (Kaizen Academy) is a leading consulting firm committed to providing top-notch corporate strategy, governance advisory, and training services. The firm operates from offices in Lagos and Abuja, Nigeria.

The name “Kaizen Academy” is derived from rich Japanese origins, with “Kaizen” signifying continuous improvement. At Kaizen Academy, our dedication lies in continuous capacity building, corporate strategy development, and the establishment of governance structures, all while maintaining the highest standards of service delivery.

Kaizen Academy’s service portfolio includes governance advisory, training, and consulting.

Kaizen Academy aspires to achieve top-of-mind awareness as the go-to firm for all corporate governance, strategy, consulting, and training needs. As a member of the Nigerian-British Chamber of Commerce, we combine international and local market knowledge and perspectives to gain a competitive edge in the professional services space in Nigeria.

Kaizen Academy consulting and directory team boasts decades of industry knowledge, experience, and expertise spanning corporate governance, financial advisory, corporate strategy, compliance, and more. We are fully equipped to provide clients with impeccable guidance and end-to-end solutions for their business advisory needs.

This updated information reflects Kaizen Academy’s commitment to excellence and continuous improvement in the field of corporate strategy, governance advisory, and training services in Nigeria.

In selecting the right HR consulting firm, businesses should consider factors such as company size, industry, expertise, reputation, cultural fit, cost, technology adoption, contract terms, and communication.

Choosing the right partner among these top HR consulting firms can have a lasting impact on an organization’s HR strategy and overall success in the dynamic Nigerian business landscape of 2023 and beyond.

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Company News

Manufacturers Grapple with Losses Amid Economic Strain

Published

23 hours ago

May 8, 2024

Samed Olukoya

In the first three months of 2024, some of Nigeria’s major manufacturers found themselves navigating treacherous waters as financial losses mounted amidst economic turbulence.

According to data compiled by BusinessDay, rising interest rates and a further devaluation of the naira contributed to the woes of these industrial giants.

The latest financial reports from 13 listed consumer goods firms paint a grim picture, with seven of them collectively recording a staggering loss of N388.6 billion in Q1.

Names such as International Breweries Plc, Cadbury Nigeria Plc, and Nigerian Breweries Plc were among those that bore the brunt of the downturn.

On the flip side, a few companies managed to buck the trend. BUA Foods Plc, Unilever Nigeria Plc, and Dangote Cement Plc reported a combined profit of N171.9 billion, showcasing resilience amidst the challenging economic landscape.

While the overall revenue of these manufacturers saw an impressive 79 percent increase to N2.27 trillion, it was overshadowed by soaring financing costs.

In Q1 alone, finance costs skyrocketed to N616.5 billion from N65.8 billion in the same period in 2023.

Analysts attribute these mounting losses to the confluence of factors, including the devaluation of the naira and escalating interest rates. With the naira experiencing nearly a 30 percent devaluation this year alone, coupled with a 40 percent devaluation last June, companies faced intensified pressure on their margins.

Moreover, the Central Bank of Nigeria’s decision to raise the monetary policy rate to 24.75 percent in March further exacerbated the situation.

This marked the second consecutive increase, following a 400 basis points hike in February, aimed at curbing inflation.

The adverse effects of these economic headwinds were felt across various sectors. Nestle reported the highest finance cost of N218.8 billion, followed closely by Dangote Cement and Dangote Sugar Refinery.

Commenting on the challenging business environment, Uaboi Agbebaku, the company secretary at Nigerian Breweries, highlighted how increased interest rates and FX volatility led to a staggering 391 percent rise in net losses compared to the same quarter in 2023.

Looking ahead, manufacturers remain cautiously optimistic but vigilant. Thabo Mabe, managing director at NASCON, emphasized the importance of navigating the turbulent waters while executing robust strategies to ensure sustained growth.

As Nigeria grapples with economic uncertainties, the resilience of its manufacturing sector will play a pivotal role in shaping the nation’s economic trajectory.

However, concerted efforts from both the public and private sectors will be needed to steer the industry towards stability and growth.

Company News

Shell Nigeria’s $1.09 Billion Tax and Royalty Payments Power Economic Growth

Published

24 hours ago

May 8, 2024

Samed Olukoya

Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) paid a sum of $1.09 billion in corporate taxes and royalties to the Nigerian government in 2023.

This figure, revealed in the recently published 2023 Shell Briefing Notes, shows Shell’s commitment to supporting Nigeria’s development through substantial financial contributions.

According to the briefing notes, SPDC disbursed $442 million in taxes and royalties, while SNEPCo remitted $649 million.

Despite a decrease from the $1.36 billion paid in 2022, these payments highlight Shell’s continued role as a key contributor to Nigeria’s revenue generation efforts.

Osagie Okunbor, Managing Director and Country Chair of Shell Companies in Nigeria said “Shell companies in Nigeria will continue to contribute to the country’s economic growth through the revenue we generate and the employment opportunities we create by supporting the development of local businesses.”

The briefing notes also provided insights into Shell’s ongoing operations and initiatives in Nigeria. The company’s investments span more than six decades, with a focus on powering progress and promoting socio-economic development.

Through collaborations with stakeholders and communities, Shell aims to provide cost-effective and cleaner energy solutions while fostering sustainable growth.

“It is important to emphasize that Shell is not leaving Nigeria and will remain a major partner of the country’s energy sector through its deep-water and integrated gas businesses,” Okunbor reiterated, underscoring Shell’s long-term commitment to Nigeria’s energy landscape.

Shell’s contributions extend beyond financial payments, encompassing initiatives aimed at enhancing local capacity building, fostering job creation, and promoting social development. By prioritizing safe operations and environmental stewardship, Shell seeks to align its business objectives with Nigeria’s sustainable development goals.

As Nigeria navigates economic challenges and seeks avenues for growth, Shell’s substantial tax and royalty payments serve as a testament to the company’s enduring partnership with the Nigerian government and its commitment to driving economic progress.

Through continued collaboration and investment, Shell endeavors to play a pivotal role in Nigeria’s journey towards prosperity and sustainability.

Company News

Federal Government Sets Two-Month Deadline for PoS Operators to Register with CAC

Published

2 days ago

May 7, 2024

Samed Olukoya

Corporate Affairs Commission (CAC)- Investors King

The Federal Government, through the Corporate Affairs Commission (CAC), has issued a stringent directive mandating Point of Sales (PoS) operators to register their agents, merchants, and individuals within a two-month timeframe.

The move comes as part of efforts to comply with legal requirements and align with the directives of the Central Bank of Nigeria (CBN).

The decision was reached during a crucial meeting between representatives of the fintech industry and the Registrar-General of the CAC, Hussaini Ishaq Magaji, held in Abuja on Monday.

With over 1.9 million PoS terminals deployed nationwide by merchants and individuals, the registration requirement aims to bolster consumer protection measures and fortify the integrity of the financial ecosystem.

According to the Registrar-General, the initiative is in line with Section 863, Subsection 1 of the Companies and Allied Matters Act (CAMA) 2020, as well as the 2013 CBN guidelines on agent banking.

Speaking on the matter, Hussaini Ishaq Magaji emphasized that the registration deadline, set for July 7, 2024, is not intended to target specific groups or individuals but rather serves as a proactive measure to safeguard businesses and ensure regulatory compliance across the board.

In a statement released by the commission, it was highlighted that the collaboration between the Corporate Affairs Commission and fintech companies underscores a mutual commitment to upholding industry standards and fostering a conducive environment for financial transactions.

The decision to implement this registration requirement follows recent concerns over fraudulent activities involving PoS terminals, which accounted for 26.37% of fraud incidents in 2023, according to a report by the Nigeria Inter-Bank Settlement System Plc (NIBSS).

The directive from the Federal Government comes amidst a broader crackdown on financial irregularities, including the prohibition of cryptocurrency trading and heightened scrutiny of fintech operations by regulatory authorities.

Last week, major fintech firms were instructed by the CBN to halt onboarding new customers and to warn against cryptocurrency trading on their platforms.

The move by the CBN is part of a larger effort to enhance regulatory oversight and combat illicit financial activities, including money laundering and terrorism financing.

Prior to this directive, the Economic and Financial Crimes Commission (EFCC) had obtained court orders to freeze numerous bank accounts allegedly involved in illegal foreign exchange transactions.

In response to the directive, fintech firms have pledged to collaborate with regulatory authorities to ensure compliance with the registration requirement.

However, they have also stressed the importance of comprehensive sensitization efforts to educate stakeholders about the implications of non-compliance and the benefits of regulatory adherence.

As the deadline approaches, PoS operators are expected to expedite the registration process and ensure that all agents, merchants, and individuals are duly registered with the Corporate Affairs Commission, demonstrating a collective commitment to maintaining the integrity of Nigeria’s financial system.