The Lagos State Internal Revenue Service (LIRS) recently issued a Notice (the "Notice") to employers in the State to file their annual tax returns for the 2024 financial year on or before 31st January 2025.

The global financial landscape is experiencing significant shifts, characterized by a series of high-impact mergers and acquisitions...

Commercial transactions in Nigeria, particularly the importation of goods, are predominantly conducted via maritime transport.

In February 2024, a significant development emerged in Nigeria's oil and gas sector. President Bola Ahmed Tinubu signed the Oil and Gas Companies...

Commercial shipping contracts are specialized agreements that play a crucial role in the global transportation of goods by sea...

Nigeria's financial regulatory landscape has undergone significant changes with the introduction of new updates in June 2024. The Securities and Exchange Commission (SEC)...

Historically, corporates across the globe have created a system of raising capital by offering securities such as stocks or bonds to investors through the financial...

Nigeria's petroleum industry has been a cornerstone of its economy since the discovery of oil in commercial quantities in Oloibiri in 1956.

It is no gainsaying that ensuring compliance with packaging and labelling regulations is crucial for Fast Moving Consumer Goods (FMCG) manufacturers and importers...

On 28th June, 2024, President Bola Tinubu signed an Executive Order introducing zero tariffs, excise duties, and VAT on imported pharmaceuticals to revitalise Nigeria's Health Sector.

The Central Bank of Nigeria (CBN) recently issued a circular on 8th January, 2025 (the "circular"), announcing the immediate suspension of approvals for extending the timeline for repatriating export proceeds.

The third quarter of 2025 marked a defining period for Nigeria's transportation sector, characterised by decisive policy action , bold infrastructure strides...

The Corporate Affairs Commission has announced it will begin enforcing long-standing but previously unenforced requirements governing what information must appear on company business letters. Companies registered under Nigeria's Companies and Allied Matters Act 2020 now have just weeks to ensure their letterheads and correspondence comply with these statutory particulars or face sanctions.

The second quarter of 2024 for Nigeria's energy sector demonstrated both resilience and ongoing challenges. Despite a decline in crude oil production due to infrastructure issues...

Nigeria's General Transition Guidelines for the Tax Acts 2025 establish a comprehensive framework for managing the shift from repealed tax laws to the new system. These guidelines address critical questions about existing obligations, ongoing disputes, tax incentives, and pending transactions while ensuring that reforms will not be applied retroactively to past matters.

Globally, the clamour for reducing gas emissions that impact climate change is profound. The International Maritime Organization (IMO) has embraced this trend through...

In countries across the world, construction projects are vital for infrastructure development, which in turn drives economic growth. Nigeria is no exception, with its infrastructure sector covering key amenities...

Despite numerous global and domestic challenges, Nigeria's financial sector has demonstrated remarkable resilience throughout the first half of 2024.

On 3rd September 2024, the Federal Government of Nigeria (FGN) issued the Value Added Tax (Modification) Order, 2024 (the Order), in its Official Gazette No. 149, Vol. 111 of 3rd September 2024...

Since its first edition in 2004, the International Bar Association (IBA) Guidelines on Conflict of Interest in International Arbitration have been the go-to guide for Arbitrators...