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One of the best legacies of this administration is the implementation of the framework for annual review of Nigeria's tax laws to keep up with changing global economic landscape.

The global financial environment is undergoing profound changes, marked by a surge in mergers and acquisitions, private equity deals, and capital market activities.

Many entrepreneurs, start-ups and foreign organisations are delving into digital money lending market.

Understandably, the Act exempts any income generated by the Trust Fund from income tax.

The President of the Federal Republic of Nigeria, Muhammadu Buhari, signed the Finance Bill, 2019 into law on 13 January 2020.

The enactment of the Petroleum Industry Act (PIA) 2021 and the subsequent Nigerian Upstream Petroleum (Assignment of Interests) Regulations...

The term "contactless payment" refers to a secure method for consumers to purchase products or services using a debit, credit, smartcard, or another payment device utilising radio...

In practical terms, the Guidelines introduce a significant recalibration of the prudential baseline for a broad range of operators. The reforms affect not only firms seeking new registration...

Climate change, social inequality, and unethical company operations are just a few of the issues facing the world today. More and more companies are recognising the negative impact that industry...

A free zone company is a company registered and situated in a free zone. A free zone is a designated geographical area within a country where companies set up to enjoy exemptions or reduced taxes, customs duties, and regulations.

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)...

To understand garnishee proceedings in Nigeria, it is necessary to establish that there must be a judgment from a court of competent jurisdiction, which would lead a successful judgment creditor to enforce the Court's ruling.

President Muhammadu Buhari, on the 31st of December 2020, signed the Finance Bill, 2020 (now "Finance Act" or "FA 2020") into law.

On the 13th of January, 2020, President Muhammadu Buhari signed the Finance Bill (now Finance Act 2019 (the "Finance Act")) into law.

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.

In Nigeria, the execution of an aircraft or engine sale agreement will attract stamp duties at an ad valorem rate of 1.5%.

In July 2024, the Nigerian Upstream Petroleum Regulatory Commission (the "Commission") released an exposure draft of amendments to the Commission's Decommissioning...

Blockchain technology, known as BT, has gained widespread attention for its potential to revolutionize various sectors such as finance, education, healthcare, supply chain, and transportation worldwide.