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Like in other developing Countries, in Nigeria, there are instances where the government at the Federal, State or even Local may partner with private entities who have the expertise and finances under the Private Public Partnership ...

Considering the nature of the global trade system which necessitates connections between the economies of various countries, governments implement exchange rate systems...

The FIRS has now expanded the scope of the documents liable to stamp duty.

The Finance Act, 2019 amended some provisions of the Companies Income Tax Act, Petroleum Profit Tax Act, Personal Income Tax Act, Value Added Tax Act, Customs and Excise Tariff etc...

The Nigerian e-commerce sector continues to evolve and experience rapid growth and changes. Businesses operating in this sector, however, experience a number of challenges...

As the most populous African nation, Nigeria continues to attract an increasing number of foreign investments annually. In 2020, the United Nations reported that Nigeria's inflow...

The global financial landscape is experiencing significant shifts, characterized by a series of high-impact mergers and acquisitions...

According to the African Private Equity and Venture Capital Association, 73 percent of the total value of private equity deals in West Africa between the years 2013 to 2018 were recorded in Nigeria.

The minimum wage controversy in Nigeria has become one of the most talked-about economic issues in recent years.

In this edition, we discuss important updates issued by key regulators in the financial service sector. This month, the Central Bank of Nigeria (the "CBN") issued relevant guidelines and market updates.

There are several ways in which a business can protect its trade mark in Nigeria. One way is enforcing the statutory obligation in the Companies and Allied Matters Act (CAMA).

From the provisions of the Act, the primary function of the Minister and the Department is to set standards for weights and measures and in addition, certify weighing and measuring equipment or instruments.

The state-owned Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) announced in May 2016 that they would soon be signing a memorandum of understanding...

The Tax Appeal Tribunal ("TAT" or "the Tribunal") sitting in Lagos, on 19 October 2023, ruled that rental income derived from real estate properties is not subject to Value Added Tax (VAT).

In this article, we have examined the companies' income tax obligations of educational institutions prior to the FA21 amendment, the implications of the FA21 amendment and the impact of the policy changes introduced.

In a Public Notice recently issued pursuant to section 2(4) of the Capital Gains Tax Act[1], ("CGTA"), the Federal Inland Revenue Service ("FIRS") directed all persons, who dispose of chargeable assets to...