Privacy Conversations on Lagos State’s Eco Fiscal System

Privacy Conversations on Lagos State’s Eco Fiscal System

The Lagos State Internal Revenue Service (LIRS) recently launched the Eco Fiscal System (EFS), a software integrated into Point of Sale (POS) machines to streamline tax collection in the hospitality industry. While this system promises greater transparency and compliance, it also raises critical privacy concerns. This article explores the benefits...

DOMESTIC CRUDE SUPPLY OBLIGATIONS:  BOON OR BANE FOR NIGERIA’S PETROLEUM INDUSTRY?

DOMESTIC CRUDE SUPPLY OBLIGATIONS: BOON OR BANE FOR NIGERIA’S PETROLEUM INDUSTRY?

On 29th July 2024, the Nigerian government approved a game-changing directive for the oil industry. Starting October 1st, NNPCL will sell crude oil to local refineries in Naira, a move designed to stabilize fuel prices and ease foreign currency pressures. This development, beginning with Dangote Refinery, has sparked lively industry discussions on...