Following the global spread of the COVID-19 Pandemic, nations of the world are taking reactive and proactive measures to curtail the spread of the disease in their countries. In Nigeria, the governments response aimed at curtailing the spread of the disease has led to the significant restrictions in the movement of persons and goods, especially […]
read moreThe Federal Inland Revenue Service (FIRS) in its bid to continue to cushion the effects of the COVID-19 Pandemic on taxpayers (individuals and businesses alike), has rolled out further measures to support taxpayers in managing their tax obligations as they are impacted by the Pandemic. The FIRS came to this decision following the decision of […]
read moreWith the geometric increase in the number of persons infected with the coronavirus disease, there has been reactionary measures to ensure that economic activities remain a steady progress. Remarkably, the health sector has benefitted the most from these measures. Clearly, Nigeria’s trajectory is to ensure that at all cost the health sector does not suffer […]
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The Nigerian Government has announced interventions and palliative measures to cushion the negative economic impact of the COVID-19 on individuals and business organisations respectively. On the 13th of April, 2020, the Nigerian President Muhammadu Buhari addressed the nation following the initial cessation of all movements in Lagos State, Ogun State & the Federal Capital Territory […]
read moreMoney is necessary for the facilitation of everything in life. To meet the need and demand for money, the art of lending evolved with financial institutions, notably banks, providing large scale credit facilities mainly for investments and related matters. Such credit facilities or loans called for stringent security in the form of cumbersome collaterals. In […]
read moreThe President of the Federal Republic of Nigeria, Muhammadu Buhari, recently (on the 13th of January 2020) signed the Nigerian Tax and Fiscal Law (Amendment) Bill 2019 otherwise known as the Finance Bill into law. It was introduced to the legislature by the President for the purpose of making sweeping changes to the various tax […]
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On the 14th of August 2019, The Federal Inland Revenue Service (FIRS) issued a public notice reminding all companies to ensure they remit their Value Added Tax (VAT) and Withholding Tax (WHT) by the 21st day of every month. The notice which was signed by the FIRS Chairman noted that companies particularly in the […]
read moreManufacturing in Nigeria increased 3.40 percent in March of 2018 over the same month in the previous year[1]. This statistics highlights the growing concern and prospects in local manufacturing businesses in Nigeria. However, in terms of the legal regulatory regime, the regulatory requirements differ according to the industry even though there are some generally applicable […]
read moreIntroduction The world has fast become a global village; therefore it is common to find instances of existing business relationships between two entities in separate countries. Entities are now able to extend their business endeavours to other countries with the aid of technology, which has additionally helped to ensure a smooth sailing of business operations […]
read moreIntroduction Ownership of land is one of the most fundamental weapons of control and economic growth for nations, communities and individuals. The acquisition and ownership of land is an essential tool for economic development. As Babatunde Fashola, the Former Governor of Lagos State, noted in 2015 “In our basic economics, land is a very important […]
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