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On 13 January, 2016, the International Accounting Standard Board announced the issuance of a new accounting standard: International Financial Reporting Standard 16, on leases, which took effect on 1 January 2019.

The current administration has taken steps to implement its decision to generate the fiscal revenue required to leapfrog Nigeria's economy out of the current depressed level.

The South-South Zone of the Tax Appeal Tribunal sitting in Benin, on the 17th of March 2020, delivered its judgment in Appeal No. TAT/SSZ/005/2018: West Atlantic Shipyard Limited v. Federal Inland Revenue Service.

When deciding on how to participate in the Nigerian market, you will need to choose between establishing a new company or acquiring an existing company.

The Nigerian Court of Appeal in Esso Petroleum and Production Nigeria Limited & Shell Nigeria Exploration and Production Company Limited v. Federal Inland Revenue Service & Nigerian National Petroleum Corporation ...

On the 12th day of September, 2022, the Honourable Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed issued the Excise Duty (Non-Alcoholic, Carbonated and Sweetened Beverages)...

There is no doubt that President Bola Ahmed Tinubu is in a hurry to turn the economic situation of Nigeria around within the shortest time possible.

Nigeria's public debt profile continues to expand at a geometric rate, while growth in fiscal revenue lags significantly.

A basic responsibility of every government is the provision of public infrastructure and social services to its citizenry. Being a highly capital-intensive venture, ..

On 9th September 2025, the Federal Government of Nigeria published the official gazetted versions of the Nigeria Tax Act, 2025 (the "NTA"), the Nigeria Tax Administration Act, 2025...

The Nigeria Tax Act, 2025 (the "NTA") and the Nigeria Tax Administration Act, 2025 (the "NTAA") introduced a revised tax administration and enforcement framework applicable across Nigeria, including Lagos State.

The issue of Court's jurisdiction is without doubt a radical and crucial question of competence. If a court has no jurisdiction, the proceedings are and remain a nullity, however well conducted and brilliantly decided...

The Nigerian Government's relentless drive to boost non-oil revenue is clearly evident with intensified audits, increase in treaty networks, promulgation of new Transfer Pricing Regulations and the launch of tax amnesty schemes.

Nigeria has rolled out another tax amnesty scheme. Backed by Presidential Executive Order No 8 signed on 8 October 2018, VOARS became the latest effort at combating money laundering and tax evasion.

The world, as it is now, is recognized as a "global village" connected by international trade, telecommunications, internet, and migration of individuals across different jurisdictions.

Green taxation is reshaping the tax landscape, and its impact is remarkable. This article delves into the recent trends driving change in tax administration.

On 24th August 2021, the Tax Appeal Tribunal (the "Tribunal") delivered a ruling in Multichoice Nigeria Limited v Federal Inland Revenue Service (the "Multichoice case").