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In this article, we have reviewed the incomes generated by REITs operating in Nigeria to ascertain their exemption from taxation as provided by law.

The Insurance industry is a very important part of any economy as it generally acts as a shock absorber for businesses. Insurance is a key risk management tool which enables businesses hedge against the potential risk of a loss.

The Enabling Business Environment Secretariat, under the aegis of the Presidential Enabling Business Environment Council, recently organized a stakeholders meeting to sensitize the public...

The Companies Income Tax Act ("the Act") is the enabling legislation for the assessment and payment of income tax on companies in Nigeria. Sections 78 to 81 of the Act provides

Arguably, the most basic principles in business are minimising cost and maximising profit.

The VAT systems in Africa are not aligned, which has a major effect on a company's operating and financial systems.

Generally, aviation taxes are complex. With airlines flying across territorial jurisdictions and spending only a portion of their total distance in any particular sovereign state,...

In recent times, corporate entities operating in various sectors of the Nigerian economy have been inundated with tax assessments from the Revenue Mobilization Allocation and Fiscal Commission ("RMAFC").

The Chief Judge (CJ) of the Federal High Court (FHC) recently issued the Federal High Court (Federal Inland Revenue Service) Practice Directions, 2021 (the Directions) in respect of tax matters...

On 9th August, 2021, the Federal High Court (FHC or "the Court") sitting in Port Harcourt, Rivers State, Nigeria, delivered a Judgment in the case of Attorney General for Rivers State ("AG Rivers")...

Commencing a business in Nigeria can be a promising venture, given the country's large population, growing economy, and various business opportunities.

In Nigeria, the OECD model has served as the basis on which most of the current double taxation treaties (DTTs) with other countries have been formulated.

These rules apply to businesses in their first three years. Generally, business profits are assessable to tax on a preceding year basis.

The Black's Law Dictionary defines a tax as a charge, usually monetary, imposed by the government on persons, entities, transactions, or property to yield public revenue.

The recent amendments to the capital gains tax framework under the Nigeria Tax Act, 2025, significantly expand the material and territorial scope of what constitutes a chargeable...

As of now, Nigerian capital gains tax (CGT) generally does not apply to offshore transactions involving the sale of foreign holding companies with indirect Nigerian exposure.

The Federal Executive Council, the highest Executive decision making organ in Nigeria, yesterday approved a new National Tax Policy for the country.