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In today's financial landscape, Nigerian banks face a complex array of responsibilities, particularly in terms of regulatory compliance and tax transparency.

In furtherance of its regulatory powers, the National Insurance Commission (the "Commission") in its circular dated July 30, 2025 issued the Guidelines for Insurtech Operations in Nigeria 2025 (the "Guidelines").

Recently, the Federal Inland Revenue Service ("FIRS") served tax assessments on international shipping companies that are considered to have generated income liable to Nigerian tax.

On Thursday 19 December 2013, the Minister of Finance on behalf of the President of the Federal Republic of Nigeria presented the 2014 Federal Budget proposal to the National Assembly under the theme "Budget for Job Creation and Inclusive Growth"posed.

On 19 February 2020, the Nigerian Tax Appeal Tribunal (the "Tribunal"), sitting in Lagos delivered its first ever judgement on a transfer pricing (TP) dispute under Nigeria's Income Tax...

In August 2018, taxpayers were awakened to sudden freezing of their bank accounts for alleged non-payment of taxes and this marked the beginning of an "account- freezing" operation by the Federal Inland Revenue Service (FIRS).

By section 272 of the 1999 Constitution of the Federal Republic of Nigeria (as amended), state high courts have wide jurisdiction over civil and criminal matters.

On 31st December 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now referred to as ‘‘Finance Act, 2021'' or FA, 2021) into law.

Corporate taxes are taxes levied on companies or other legal entities that are doing business in Nigeria. They are usually deducted from a company's profits.

Upon coming into force on 1st January 2026, Nigerians and foreign nationals with business interest in Nigeria have been seeking tax experts' opinion on a number of emerging issues in the new...

Nigeria's upstream sector remains the undisputed engine of its national economy, significantly and consistently contributing to Gross Domestic Product (GDP), foreign exchange earnings and Government revenue...

Tax in Nigeria has in recent times taken a more important role in the conversations around Government revenue. The consistent introduction of changes to the fiscal regime by way of Finance Acts...

Nigeria's tax framework has recently undergone significant reform aimed at improving economic efficiency and easing the cost of doing business.

The principle of fair hearing is a fundamental aspect of legal justice, essential in both judicial and quasi-judicial settings.

Rising ocean levels, record-high temperature, rapid weather changes, rapid desertification and regular flooding have become the norm, globally, over the last few decades.

On the 1 st of July 2024, the Federal Government of Nigeria, under the hand of the Finance Minister, Hon. Olawale A. Edun, announced the promulgation and immediate implementation...

On 18 June 2026, Nigeria's Minister of Finance issued comprehensive transition guidelines for newly enacted tax legislation. These guidelines establish operational frameworks for implementing four major tax Acts that fundamentally reshape the country's tax administration and revenue collection systems. The transition rules address critical implementation questions for taxpayers, tax authorities, and stakeholders navigating Nigeria's reformed tax landscape.