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The Supreme Court’s decision in CBN v. Ochife & Ors marks a turning point in Nigeria’s garnishee proceedings. Judgment creditors must now demonstrate due diligence before initiating attachments, shifting the process from routine enforcement to an evidence-based...
Residual income — the unapportioned earnings left after distributions in a settlement, trust, or estate — is not exempt from tax under Nigeria’s new tax regime. This article examines how the Nigerian Tax Act 2025 defines, computes, and taxes such income,...
DEEMED APPROVAL OF ECONOMIC DEVELOPMENT TAX INCENTIVE – ANY RESCUE BY THE BUSINESS FACILITATION ACT?
Nigeria’s new Economic Development Tax Incentive (EDTI) under the Nigeria Tax Act 2025 promises a modernized approach to investment-driven tax reliefs. Yet, a gap in approval timelines threatens to slow its impact. This article explores whether the Business...
The Nigeria Tax Act 2025 modernizes the taxation of corporate capital, distinguishing how share and loan capital attract ad valorem duties. While the reform aims for clarity, it quietly sustains a long-standing imbalance favouring debt over equity. This...
The Joint Revenue Board (Establishment) Act, 2025 has expanded the jurisdiction of the Tax Appeal Tribunal (TAT) to include disputes arising from both federal and state tax laws. This reform unifies Nigeria’s tax dispute resolution framework, ensuring...
As Nigeria approaches 2026, the taxation landscape for small companies is being reshaped by the Nigeria Tax Act (NTA) and Nigeria Tax Administration Act (NTAA) 2025. These reforms introduce exemptions, lower compliance barriers, and clear thresholds for...
The Warehouse Receipt System, now legally recognized under Nigeria’s Investment and Securities Act (ISA) 2025, introduces a structured and transparent framework for trading commodities and protecting investors. By transforming warehouse receipts into...
As ESG principles reshape business conduct across Africa, disputes tied to environmental damage, social justice, and governance failures are on the rise. This article examines whether such ESG disputes can be resolved through arbitration, and how Africa...
Boardroom conflicts often push shareholders to a familiar crossroads — to litigate or to arbitrate? While arbitration offers privacy and flexibility, the principle of arbitrability defines the legal boundary of what can and cannot be resolved outside...