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The TP regime officially began in Nigeria with the release and implementation of the Income Tax Regulations No. 1, 2012.

Every Business Name owner who earns an income in Nigeria either from employment or from carrying on a business is subject to tax under the Personal Income Tax Act.

One of the highly contentious areas during a Transfer Pricing (TP) audit is the characterisation of related entities based on the functions performed, assets utilised and risks assumed...

The Companies and Allied Matters Act (CAMA) 2020 is the primary legislation for the formation of business entities [and non-business entities] and to a great extent, the operations of these business entities in Nigeria.

It is no longer news that Nigeria is currently trying to close its gas export gap. This gap has become more apparent due to a number of factors, including the sanctions on Russia...

The Startup Act aims to create an environment for startups to thrive whilst ensuring Nigeria leads the continent with respect to digital technology.

The Petroleum Industry Bill (PIB) is currently under deliberation for passage at the National Assembly after the numerous setbacks to its enactment since 2007.

On 17 September 2019, the Tax Appeal Tribunal ("TAT" or "the Tribunal"), sitting in Lagos, upheld a notice of objection to a tax assessment sent to the e-mail address of the Tax Controller of the ...

The strategic revenue growth initiatives of the Federal Government set out its intention to increase revenue from non-oil sources.

nternational Mobility has evolved over the years due to globalization, proliferation of new information technologies as well as the high demand for human talent everywhere in the world.

The National Agency for Science and Engineering Infrastructure (NASENI or "the Agency") was established by the NASENI Act, Cap N3 LFN 2004 ("the Act") in 1992.

Within the last decade, the Nigerian upstream sector witnessed significant transactions involving the sale of interests in oil licenses.

The Finance Bill, 2020 which was an Executive Bill prepared by the Honourable Minister for Finance, Budget and National Planning, was approved by His Excellency, President Muhammadu Buhari and presented together ...

The Finance Act, 2020 came into force on 1st January 2021. A major objective of the Finance Act, 2020 is to generate increased revenue, provide tax incentives to stimulate economic growth...

Challenger banks now have a window to establish a representative office in Nigeria. This is because of the newly proposed CBN Guideline on the Regulation of Representative Offices of Foreign Banks...

On 18 June 2026, the Federal Government recently issued the General Guidelines for the implementation of the 2025 Tax Acts, providing a transitional framework for the application of the new tax legislation and expressly precluding the retroactive application of the Acts. The Guidelines are intended to provide the much-needed clarity on compliance obligations as the new tax regime takes effect.

Nigeria is a major target location for foreign direct investment (FDI) in Africa and attracts investors in various sectors such as power, energy, real estate etc.