Nigeria's Revenue Service has initiated compliance monitoring for large taxpayers as part of the National E-invoicing and Electronic Fiscal System implementation. This development marks a significant step in the country's tax administration modernization efforts, requiring affected businesses to ensure their systems and processes align with the new electronic invoicing requirements.

Following the meetings between both parties, the FIRS issued a notice of assessment for the levy computed by the TaxPro-Max.

One notable highlight under the New Tax Act is the introduction of Controlled Foreign Company (CFC) rules, which are designed to prevent Nigerian companies...

On 1 May 2026, the Federal Executive Council (“FEC”) approved the establishment of a national aircraft leasing company in Nigeria through a private-sector special purpose...

Principle 20 of the Nigerian Code of Corporate Governance 2018 ("NCCG Code"), issued by the Financial Reporting Council of Nigeria ("FRCN") outlines a ten-year period for the rotation of Auditors in public companies.

Nigeria remains at the forefront of Africa's M&A landscape, sustaining strong deal activity and reinforcing its role as one of the region's most active markets.

We think that the African SaaS market is already significantly larger than commonly cited figures suggest. While some sources estimate it at around $3.5 billion in 2023...

More often than not, disputes are inevitable in business relationships and commercial transactions.

The obvious implication of such share deals is that the investor steps into the shoes of the seller and takes on the ownership of the target company.

Nigeria's pension industry faces a transformative period as the National Pension Commission introduces revised minimum capital requirements for Pension Fund Administrators and Pension Fund Custodians, with a compliance deadline of 30 June 2027. This regulatory shift will compel operators and their shareholders to fundamentally reassess their capital positions, funding capabilities, and strategic direction for the future.

The Nigeria Information Technology Development Agency (NITDA) has disclosed its intention to issue non-compliance notices to companies and organizations that have failed to comply with the...

Federal Inland Revenue Service (FIRS) on Monday, 19 August 2019, issued a public notice mandating companies with lien on their accounts to regularise their tax status

Through Blockchain, digital assets were introduced to the world in 2009 with no central controlling authority. Very quickly, cryptocurrency transactions became popular in various parts ...

An annual return is a mandatory requirement that must be complied with by every registered company, business name or incorporated trustee in Nigeria. The return is a statutory document...

The Central Bank of Nigeria in exercise of the powers conferred on it under the Bank and Other Financial Institutions Act 2020, Act No. 5, and the Revised Operational Guidelines for Bureaux De Change 2015...

The passage of the Competition Act also resulted in the introduction of a new regulatory framework for merger transactions in Nigeria.

The independence of the board of directors of a company is fundamental to good corporate governance and in a bid to ensure independence of company board

This article highlights basic compliance considerations local and foreign tech start-ups must take into account before taking steps to set up business operations in Nigeria.