The Registrar General of the Corporate Affairs Commission, Alhaji Garba Abubakar, announced at a stakeholder's forum on 13 October 2021 that the Administrative Proceedings Committee has been fully constituted to fulfill its statutory mandate.

The Nigerian Electricity Regulatory Commission has ordered electricity distribution companies to reimburse customers who had paid for the acquisition of meters under the Meter Asset Provider Scheme.

The Honourable Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, on 10 June 2021 approved the Tax Appeal Tribunal (Procedure) Rules, 2021, pursuant to her powers under Section 61 ...

The Nigeria Immigration Service (NIS) has launched a digital platform for processing the Combined Expatriate Residence Permit and Automated Card (CERPAC) applications.

The Federal Inland Revenue Service recently issued Information Circular No.: 2023/01 on Guidelines on the Withholding and Self-Account of Value Added Tax (sic) pursuant to the provisions of the VAT Act Cap.V1 LFN 2004 (as amended).

The Lagos State Internal Revenue Service (LIRS or "the Service") has released a notice regarding the deployment of an upgraded Consumption Tax Collection Process for the Hospitality sector in Lagos State.

Following our initial newsletter on the Nigeria Tax Act, we note that some provisions in the harmonised version used to prepare the newsletter are different from the gazette which has now become publicly available.

Excessive risk taking was one of the major factors that led to the financial crisis of 2007/08.

The Court of Appeal Lagos Division has overturned the judgement of the Federal High Court in the appeal between the Federal Inland Revenue Service and CNOOC Exploration and Production and South Atlantic Petroleum Corporation ...

Building life sciences manufacturing plants in Sub-Saharan Africa is being recognized as decisive factor to strengthen the local healthcare ecosystems.

The Honourable Minister of Industry, Trade and Investment on 24 April 2022 approved the Insolvency Regulations 2022 ("the Regulations"), pursuant to the powers conferred on him by Section 867...

On 28 February 2024, the President issued the Executive Order No 40 (Oil and Gas Companies (Tax Incentives, Exemptions, Remission etc.) to unlock investment in the gas sector.

The Tax Appeal Tribunal (TAT or "the Tribunal") Lagos Zone has held, in the case between Investment Holdings Limited ("IHL" or "the Company" or "the Appellant")...

The Central Bank of Nigeria (CBN) has issued an implementation guideline (hereafter referred to as "the Circular" or "the Guidance") to all commercial, merchant, non-interest and payment service banks...

FHC overturns TAT judgment on the basis for computing balancing charge on petroleum assets.

As Nigeria continues to navigate the complexities of international taxation, Small and Medium Enterprises (SMEs) are finding themselves at the crossroads.

The Nigerian Content Development Monitoring Board recently released seven (7) Ministerial Regulations at the session held during the 2022 Nigerian Oil and Gas Conference.

This was pursuant to her powers under Section 120 of the Customs and Excise Management Act Cap. C45 Laws of the Federation of Nigeria, 2004.

The ability to claim input Value Added Tax (VAT) has been a contentious issue in the power sector since privatization.

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