437 results found

Apparently nothing is straightforward in matters of taxation.

The Tribunal also held that Petroleum Investment Allowance ("PIA") should not be considered as part of allowances in computing the ‘residue’ for balancing charge.

In May 2016, the Tax Appeal Tribunal (TAT) sitting in Lagos ruled that parties in Production Sharing Contracts (PSCs) with the Nigerian National Petroleum Corporation (NNPC), can take tax deduction for sole costs...

The offering represents the first time a sovereign has issued tradeable, registered bonds that are approved for distribution to retail investors in the UK and US.

Though ADR mechanisms as well as modern recovery strategies play an important role in prompt debt recovery, the importance of the traditional collection methods by the Courts cannot be underrated.

The escalating costs associated with international arbitration have emerged as a significant concern, given their potential to reach exorbitant levels.

On 19 June 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that mortgage institutions are not liable to pay Value Added Tax (VAT) on services rendered within the scope of their business.

A fuel supplier failed to deliver 2 million litres of Automotive Gas Oil despite receiving ₦705 million upfront payment, leading to litigation that ultimately resulted in a court-enforced settlement. Through strategic mediation and robust legal preparation, the client successfully recovered their funds when the supplier defaulted on the commercial supply agreement.

The court held that the sites where telecommunication masts are located do not constitute business premises within the intendment of the enabling legislation.

On November 22, 2024, the Supreme Court of Nigeria delivered a landmark judgment in Suit No. SC/1/2008, between the Attorney-General of Lagos State & Ors and the Attorney-General of the Federation & Ors...

The judgment is anchored on the need to ensure fair hearing and guarantee the constitutional right to appeal.

In AIC Limited v The Federal Airports Authority of Nigeria [2019] EWHC 2212, the English High Court adjourned an application made by AIC Limited ("AIC"), ...

On 25th August 2011, the respondent, a legal practitioner, through his law firm of Abang Ogar & Co., entered into a Consultancy Service Agreement...

The 2023 Presidential and National Assembly elections have just been concluded. The Independent National Electoral Commission (INEC) has declared the winner of the Presidential Election.

In order to determine in which jurisdiction to commence an action for damages in claims relating to carriage of persons and cargo by air, two levels of jurisdiction have to be determined.

Under the Rules, a distinction is made between those who died testate and those who died intestate.

In a landmark decision delivered on 7 February 2025, in Appeal No. SC/255/2007: Ngozi Okonjo-Iweala v. Gani Fawehinmi & Ors., the Supreme Court ruled that mere status as a taxpayer does not, in itself...