Transfer pricing, commonly referred to as TP, is a term used to describe all aspects of intercompany pricing arrangements between related business entities, including transfers of tangible goods, services, intellectual property and financing transactions.

The 2016 budget of the federal government of Nigeria has been presented to the joint session of the National Assembly.

The Lagos Internal Revenue Service (LIRS) following a tax audit for 2013 and 2014 years of assessment issued a Notice of Refusal to Amend (NORA) to Nexen Petroleum

A Bill to amend various tax laws in Nigeria is currently undergoing legislative process at the National Assembly.

The LIRS has issued the Hotel Occupancy and Restaurant Consumption Regulations 2017 pursuant to section 9 of the Hotel Occupancy and Restaurant Consumption Law empowering LIRS, to issue Regulations...

Principle 19 of the Nigerian Code of Corporate Governance ("NCCG") 2018 requires that all organisations operating in Nigeria implement effective whistleblowing programmes.

Nigeria is the largest market in Africa and one of the fastest growing countries in the world. The country has a thriving and relatively easy business environment with numerous investment opportunities in various sectors.

Taxation affects investment decisions but the risk is not whether tax would be paid, it is the uncertainty of what, when, how and how much.

In just a few years, cell phone networks have done what fixed line operators have struggled to do for more than a century by connecting up Africa.

The National Assembly has passed a new law, the National Housing Fund (Establishment) Act 2018.

"At The Palms now. They have started paying to park. Everybody inside here is walking ‘fast fast'." - Chima Emerueh.

The PIB seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities.

In March 2010, the Federal Government through the Debt Management Office announced the approval by the Federal Government of a tax waiver for all categories of bonds (including corporate bonds) and short term government securities such as treasury bills.

On June 26, 2025, President Bola Ahmed Tinubu signed into law a historic package of tax reform legislation, marking the most comprehensive overhaul of Nigeria's fiscal architecture in decades.

The expansion of the West African regional market to foreign investors, and the search for emerging markets has led to a continuous increase in business mobility and cross border investments with Nigeria.

Since the inauguration of the Inter-Ministerial Committee for the Audit and Recovery of Back-Years Stamp Duties on 30 June 2020 (link to previous alert)...

The President of Nigeria assented to the Finance Bill 2020 on 31 December 2020. The Act which takes effect from 1 January 2020 introduced amendments to several tax and fiscal laws including...

Operating in an environment where the currency is depreciating and interest rates are rising is challenging.

A nation once characterised by land-locked isolation and poverty, Ethiopia has emerged as Africa's 'newest Lion economy' and continues to accelerate in the global economy.

In Chief J.W. Ellah & Sons Company Ltd v FIRS and Essay Holdings Ltd v. FIRS decided by the Tax Appeal Tribunal (TAT) in Benin and Lagos Zones respectively...