Under current Nigerian law, taxation is enforced by the 3 tiers of Government, i.e. Federal, State, and Local Government with each having its sphere clearly spelt out in the Taxes and Levies (approved list for Collection) Decree, 1998. Of importance... read more
It is the policy of Government that those who wish to buy and sell Nigerian crude oil must demonstrate their commitment to the oil industry through the allocation of adequate resources of capital, equipment and manpower to the general business of prospecting... read more
Child Allowance – A relief of N2,500 is granted for each child up to a maximum of four children, provided that none is above 16 yrs or married. However, a relief can be granted for a child over 16 yrs if he is in a recognised school, under articleship... read more
1.1. Nigeria is an emerging country and slowly taking its place in the comity of Nations. From Oil and Gas to Information and Communications Technology, the country is gradually carving a niche for itself as the next emerging destination after China... read more
2.1. A registered company becomes a separate legal entity from you and has virtually the same legal rights as you would have under law, while an enterprise essentially is you but trading [doing business] under a name and style of your choice, which is... read more
The World Bank launched an initiative aimed at registering Firms owned by members of the African Diaspora on a World Bank database called eConsultant. This will enable these Firms become eligible for consulting opportunities within ongoing Bank projects... read more
“Taxpayers should be wary of scams and promises to avoid paying taxes that seem too good to be true,” Acting IRS Commissioner Linda Stiff said. “There is no secret formula that can eliminate a person’s tax obligations. People should be wary of anyone... read more
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