Explore the transformative impact of Nigeria\'s Tax Bills on VAT administration. From empowering small businesses to including digital goods in the tax net and introducing a tiered VAT structure, these reforms aim to modernize the system. Can the shift...
Nigeria’s construction and real estate industries contributed ₦11.2 trillion to the GDP in Q1 2024, yet face liquidity challenges from inflation, exchange rate volatility, and project delays. This article explores the factors driving insolvency in these...
Lagos State takes a bold step forward with the Lagos State Electricity Law, 2024. This law aims to revolutionize the electricity market by fostering investments, promoting renewable energy, and enhancing grid reliability through innovative strategies....
Could the creation of the Tax Ombud under the Joint Revenue Board Bill, 2024, be a game-changer for tax dispute resolution in Nigeria? While the Ombud promises fairness and accountability, limitations on its authority raise concerns. Is this a meaningful...
To address the challenges posed by the multiplicity of taxes, and promote a more harmonized taxation framework, the Nigerian government has introduced a suite of legislative proposals aimed at reforming the country’s tax system. Amongst these, is the...
On May 26, 2023, former president, Muhammadu Buhari signed into law the Arbitration and Mediation Act, 2023 (the Act, or AMA 2023), repealing Nigeria’s 35-year-old Arbitration and Conciliation Act Chapter A.18, Laws of the Federation of Nigeria, 2004...
As Nigeria considers significant tax reforms, the future of tax exemptions in Free Trade Zones hangs in the balance. Will the new Tax Bill maintain the tax-free benefits that have fueled investment and economic growth, or will these zones face unprecedented...
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...
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....
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....