Energy

The Money Laundering (Prevention and Prohibition) Act, 2022 introduces stricter regulations for financial and non-financial businesses in Nigeria. It mandates reporting suspicious transactions, customer identification, and record-keeping, with signif...

The Money Laundering (Prevention and Prohibition) Act, 2022 introduces stricter regulations for financial and non-financial businesses in Nigeria. It mandates reporting suspicious transactions, customer identification, and record-keeping, with signif...

In a landmark decision, Nigeria's Supreme Court has reinforced the financial autonomy of Local Governments, ruling against State Governors withholding funds. This judgment empowers Local Governments to receive direct allocations from the Federation A...

Nigeria's Ministry of Finance issued the Deduction of Tax at Source (Withholding) Regulation 2024, reshaping the rules for Withholding Tax (WHT). This regulation emphasizes that WHT should not add extra costs to contracts. This article explores gross...