Nigeria’s newFinance Act 2020took effect on 1 January 2021, introducing several changes to Nigerian laws, including provisions affecting foreign firms and individuals doing business in the country. TheActrequires foreign companies to file tax returns in Nigeria by submitting full audited financial sta...
Section 21 of the CETA was amended to introduce excise duties on all services provided in Nigeria, including but not limited to telecommunication services at specific rates, which the President may by a Presidential Order prescribe pursuant to the Act. ...
Value Added Tax Acttax administrationtaxable suppliesNigeriaThe emergence of Finance Act, 2019 shows that tax revenue collection has finally become a basic parameter for economic development in Nigeria. Ever since NigeriSocial Science Electronic Publishing...
These include Nigeria which happens to be one of the biggest economies in the continent with parliamentary female representation of 3.6% and 7.3%, respectively for the lower and upper houses of parliament as of 1st of October 2020 (Inter-Parliamentary Union, 2020). At this same time, efforts ...
(US$6.97 million) NIGERIA: Nigerian investment firm launches Shariah compliant fixed-income fund GLOBAL: Buy Now Pay Later company from Pakistan to offer financing products to employees of Saudi logistics company GLOBAL: Islamic consultancy company partners with Islamic arbitration organization to offer ...
b) The Bill further provides that excise duties are to be paid on all services provided in Nigeria with the rate being set by the President in accordance with provisions of the Act. 6. Personal Income Tax (PIT) Act A key amendment to the PIT Act introduced by the Bill i...
(linked to weaker economies, institutions, and governance structures).7In 2022, Niger and Nigeria faced one of the deadliest floods in recent history, damaging 300,000 homes, inundating half-a-million hectares of land, and resulting in more than 800 fatalities.8In the Horn of Africa in the...
Zenith Bank Retains Best Commercial Bank in Nigeria and Best Corporate Governance Awards at World Finance 2024 Awards Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fou
Nigeria: Strong growth and positive outlook for Islamic finance Nigeria, often referred to as the ‘giant’ of Africa due to its large population and economy, has the highest population in Africa and 6th largest in the world (218 million people). Nigeria’s population with 60%... Shaping th...
July 25, 2022 Among other outcomes, the Petroleum Industry Act 2021 (the “PIA”), has triggered a transition from discretionary reliance on contractual frameworks (such as memoranda of understanding) to regulate the relationship between host communities and upstream petroleum operators, to mandatory ...