With the introduction of the Nigeria Revenue Service (NRS) and the Nigeria Tax Administration Bill (NTAB), Nigeria’s tax administration is on the brink of transformation. This article explores the shift from FIRS to NRS, outlines key provisions in the...
The Nigerian aviation industry has grown rapidly, but ensuring consumer protection remains a challenge. Passengers deserve safe, reliable air travel, while airlines must maintain profitability. This article explores the balance between protecting passengers’...
Nigeria's push for renewable energy is backed by various tax incentives aimed at attracting investors to the sector. From pioneer status tax holidays to VAT and import duty exemptions, these incentives seek to reduce financial burdens and encourage clean...
The FIRS E-Invoicing System is more than just a tax compliance tool—it’s a catalyst for digital transformation in Nigeria. By integrating automation, regulatory technology, and secure financial transactions, this initiative enhances transparency and efficiency...
Confidentiality is one of arbitration’s most defining advantages, protecting sensitive business information and ensuring privacy in dispute resolution. However, as global commerce evolves and demands for transparency increase, the tension between confidentiality...
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...
Compliance with regulatory authorities is a fundamental obligation for Capital Market Operators (CMOs) in Nigeria. Timely filing of annual returns with the Corporate Affairs Commission (CAC) and the Securities and Exchange Commission (SEC) ensures legal...
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...