Pillar two, a global anti-base erosion mechanism, attempts to establish a global minimum tax rate that will help numerous countries protect their tax bases.

Between October and December 2022, the National Assembly approved and forwarded the Business Facilitation Bill ("the Bill") to the President...

In the current year, total cost of debt service is N1 trillion which is about one-third of the federal government revenue before borrowing.

A few years ago, Clive Humby coined the expression, "data is the new oil'.

The year 2023, was significant in the Nigeria data privacy and protection landscape. In this bulletin, we have summarized the most notable events for 2023 and highlighted important data...

Nigeria's data protection landscape has entered a more robust and enforcement-driven phase. Following the issuance of the Nigeria Data Protection Act...

The Nigerian tax system is primarily run on self-assessment basis.

Transfer Pricing in Nigeria is governed by the Income Tax (Transfer Pricing) Regulations, 2018. The TPR provides that Related Party Transactions should be conducted in line with the arm's length principle and provides compliance ...

It is difficult to completely prevent fraud in an organisation. Institutions with strong internal control measures can be exposed to risk of fraud or misconduct by employees, third parties...

External Auditors of most manufacturing organisations usually scope in PPE as a risk area during their annual audit due to its materiality.

Uhabia Ojike, the Managing Partner of Mazars in Nigeria shares insightful information about the new Mazars brand.

There is wide debate around the impact that advances in technology in this disruptive era will have on the scope and relevance of the audit of the future.

With a few exceptions, section 162 of the Nigerian Constitution requires that all revenues collected by the Government of the Federation shall be paid into a special account called the Federation Account, from where it will be distributed amongst the Federal, State and Local Governments.

Law is one of the most vital factors affecting businesses. Legal audit basically aids the compliance of companies with existing laws that regulate the conduct of their businesses.

In 2021, the Nigeria Transfer Pricing (TP) space was impacted by a number of domestic and international developments, which are expected to shape and influence the TP landscape in 2022.

The Oil and Gas sector is a critical component of Nigeria's economy, and effective auditing is essential for ensuring transparency, compliance, and efficient operations.

Nigeria's tax landscape is undergoing significant changes, driven by a combination of regulatory reforms, increased enforcement activities and evolving global tax standards.

The Nigeria Revenue Service (Establishment) Act, 2025 (the Act) has rebranded the Federal Inland Revenue Service (FIRS) as the Nigeria Revenue Service (NRS or the Service) as a centralised body for tax administration in Nigeria.

The Not-For-Profit Governance Code ("NFPGC" or the "Code") 2023, is an initiative of the Technical Working Group (TWG), constituted by the Nigerian Ministry of Industry...

The decision of the Federal High Court ("the Court") in Shell Petroleum Development Company of Nigeria Limited v. Federal Inland Revenue Service (FIRS)1 has brought renewed attention to fundamental principles of Nigerian tax law, particularly regarding the proration of tax rates within an accounting year and the retrospective application of tax legislation.