The Nigeria Tax Bill introduces a Minimum Effective Tax, aligning with global tax standards to curb profit shifting and base erosion. Applicable to companies with an effective tax rate below 15%, this tax impacts large corporations and MNEs with turnover...
The Central Bank of Nigeria (CBN) has introduced a new regulatory framework for Bureau De Change (BDC) operations, aimed at stabilizing the foreign exchange market and curbing illicit financial flows. The guidelines introduce new licensing tiers, stricter...
Access to credit remains a major hurdle for MSMEs in Nigeria, often due to strict collateral requirements. Credit Guarantee Companies (CGCs) help bridge this gap by providing third-party loan guarantees. But what legal framework governs CGCs? This article...
In October 2024, President Tinubu transmitted four Tax Reform Bills to the National Assembly for consideration namely: the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue...
Nigeria’s dispute resolution landscape is undergoing a major transformation with the introduction of the National Policy on Arbitration and ADR, 2024. Designed to restore confidence, attract investment, and streamline arbitration, this policy sets the...
FROM SEIZURE TO SAFEGUARDS: THE LEGAL LANDSCAPE OF EXPROPRIATION OF OIL & GAS INVESTMENTS IN NIGERIA
Expropriation in Nigeria’s petroleum sector poses significant risks for investors. This article explores the legal framework governing government takeovers of private property, highlighting key statutes like the Petroleum Industry Act and the Land Use...
Since the enactment of Nigeria’s Data Protection Act in June 2023, the Nigeria Data Protection Commission has introduced key compliance directives, audit requirements, and classification guidelines for Data Controllers and Processors. Recent judicial...
The Nigerian Electricity Regulatory Commission\'s recent Order is transforming Nigeria\'s power sector, transitioning from a centralized trading model to a competitive bilateral trading system. This shift ends NBET\'s monopoly, empowering GenCos and DisCos...
The Nigerian Electricity Regulatory Commission\'s recent Order is transforming Nigeria\'s power sector, transitioning from a centralized trading model to a competitive bilateral trading system. This shift ends NBET\'s monopoly, empowering GenCos and DisCos...
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...