The issuance of the General Transition Guidelines for the Tax Acts 2025 provides long-awaited clarity on one of the most significant tax reforms in Nigeria's recent history. This Client Alert examines the practical implications for businesses navigating the transition to the new tax regime, including treatment of accounting periods, transaction taxes, ongoing contracts, tax incentives, disputes, and compliance obligations.

In 2019, the Financial Reporting Council of Nigeria ("FRCN") revolutionised the scenery of corporate governance in Nigeria with the introduction of the Nigerian Code of Corporate Governance 2018...

In a bid to enhance transparency and accountability in financial reporting and further strengthen corporate governance in Public Interest Entities ("PIEs")

The Supreme Court of Nigeria has settled a long-standing controversy in the accountancy profession regarding whether audit firms can validly sign audit reports in their corporate name, or whether only individual chartered accountants should sign such reports. This landmark decision reverses a 2010 Federal High Court ruling and has profound implications for professional accountability, disciplinary measures, and the future structure of Nigeria's accountancy profession.

In Nigeria, tax controversies could arise from several scenarios following various interactions between the taxpayer and the relevant tax authority (RTA), which could be either the Federal Inland Revenue Service (FIRS)...

Auditing is a mandatory process carried out by a company on its financial statements in order to get an unbiased and independent audit opinion of the financial position of the company.

The Nigeria Data Protection Act and the General Application and Implementation Directive provide a comprehensive legal framework for the protection of personal data in Nigeria. The Act applies its provisions to data controllers and processors domiciled, resident, or operating in Nigeria, with the principal exception being processing undertaken solely for personal or household purposes.

Tax audit readiness in Nigeria is really about being so organised that Nigeria Revenue Service (NRS) or State IRS (like LIRS) never catches you unprepared, even if they show up tomorrow morning at your door step. In this article, we will walk through what that looks like in practice, from the complete document checklist to how to respond to queries without panicking.

Nigeria made a bold attempt to change the face of maritime business within its coasts when it enacted the Coastal and Inland Shipping (Cabotage) Act 2003.

It has been posited that without high levels of domestic savings, broadly based human capital, good macro-economic management and limited price distortions, there would be no basis for economic growth.

Right now, the telecom industry is in a state of flux. In the wake of the deregulation of the telecom sector in the US and Europe beginning in 1996, demand for internet and wireless services was matched by huge spending by telecom companies on both sides of the Atlantic.