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The proposed replacement of the long-standing Consolidated Relief Allowance (CRA) with a Rent Relief Allowance, in the Nigeria Tax Bill, warrants deeper analysis and broader stakeholder engagement.

In response to the Covid-19 crisis, the Federal Inland Revenue Service on 23 March 2020 announced certain measures.

Investment entities may take several forms in Nigeria. Investors may set up a Limited Liability Company (LLC) to buy shares or other investment vehicles.

The President of the Federal Republic of Nigeria, President Muhammadu Buhari, recently presented the Nigerian Tax and Fiscal Law (Amendment) Bill, 2019 (the Finance Bill)

Non-profit organizations are entities that operate for purposes other than making a profit and they are mainly referred to as Non-governmental organizations (NGO's).

Startups require funding for their operations and to scale.This is where venture capital companies (VCs) come in. VCs (as a subset of private equity) provide early ...

There is a growing connection amongst people around the world, largely due to the use of technology by startups and other tech companies to solve problems across borders.

The National Pension Commission (PenCom) recently released guidelines (the Guidelines) to provide clarity on voluntary contributions (VCs) under the Contributory Pension Scheme (CPS).

After several years of missteps, intrigues, legislative summersaults, and restarts, the President, General Muhamadu Buhari finally signed the Petroleum Industry Bill (‘PIB')...

Nigeria operates a federal system of government. Governing bodies at the centre differ from governing bodies in the sub-units (states).

n 2009, the Lagos State Government enacted the Partnership (Amendment) Law of Lagos State ("the Partnership Law").

One of the objectives of the Federal Government of Nigeria is to improve the ease of doing business for investors through its various policies, programs, committees and interventions

The Nigerian economy has not been left out of the various improvements in technology and innovation leading to more efficiency and effectiveness.

On 26th May 2021, the Central Bank of Nigeria (CBN) issued a Circular informing banks and other financial institutions of its issuance of Guidelines on the operations...

On 26 November 2018, the Court of Appeal held that the Ekiti State Board of Internal Revenue cannot make an ex-parte application to distrain a taxpayer's property or issue a warrant of distress in the absence of a final and conclusive tax assessment.

As the first month in 2024 draws to an end, businesses are reminded to file their 2023 employer tax return.

The Finance Bill, 2019 (the Bill) was presented together with the 2020 Appropriation Bill to the National Assembly by President Muhammadu Buhari and is being considered for passage into law.