INTRODUCTION Nigeria’s persistent energy crisis marked by frequent national grid failures, high electricity tariffs, and rising fuel costs has intensified the need for alternative power solutions. In response, the solar energy sector has experienced significant growth, emerging as a viable and increasingly attractive option for both residential and commercial consumers. This development has created substantial […]

Introduction Establishing a business in Nigeria can be challenging, especially when navigating complex regulatory requirements and high operating costs. Now, imagine running a business in Nigeria without paying conventional taxes such as Companies Income Tax, Import Duties, or Valued Added Taxes, and at the same time you are enjoying streamlined regulatory processes and unrestricted profit […]

INTRODUCTION The General Application and Implementation Directive (GAID) 2025 is a key regulatory instrument issued by the Nigeria Data Protection Commission (NDPC) on March 20, 2025, pursuant to its powers under the Nigeria Data Protection Act (NDPA), 2023. The GAID is scheduled to become operational on September 19, 2025, and is intended to guide the […]

INTRODUCTION Company Income Tax, also known as Corporate Tax, is a levy imposed on the profits of companies conducting business in Nigeria.[1] It is primarily regulated by the Companies Income Tax Act (CITA), as amended by various Finance Acts, and is administered by the Federal Inland Revenue Service (FIRS).   WHAT TYPE OF INCOMES ARE […]

Abstract Taxation as a crucial fiscal policy measure is a factual tool for social economic development, which has been adopted by various countries around the world to improve their economic goals. The Nigerian tax regime is made up of a complex web of disjointed tax laws which leave much to be desired in terms of […]