This Published article explores the key provisions of the Nigeria Tax Reform Bill, analyzing its potential impact on Small and Medium Enterprises (SMEs). It highlights emerging challenges, possible benefits, and strategic recommenda...

Artificial intelligence is no longer an experimental tool. It is now a cornerstone of strategic transformation in finance. As the global economic landscape continues to evolve with inflationary pressures, market volatility, and increasing regul...

This Published article explores what a functional analysis is, its importance, especially in dispute resolution in the TP audit process and steps to having a robust functional analysis.

Family wealth, when managed effectively, can provide financial security and opportunities for multiple generations. However, history has shown that without proper governance, wealth can dissipate within a few generations.  This published a...

Nigeria’s power sector has long been plagued by inefficiencies, poor electrification rates, as well as chronic power outages and shortages. Despite being Africa’s largest economy, access to stable and reliable electricity remains a major constr...

ICFR, or Internal Control over Financial Reporting, is a key component of the broader concept of Internal Control. It is a process established by governance and management to provide high assurance that the mechanisms of Internal Control effect...

This published article provides insights into the aspects of the Guidelines that taxpayers can take advantage of (the Good), the challenging aspects that taxpayers need to be aware of and mitigate (the Bad), and the highly risky aspects of the ...

In this Published article, we highlight some of the key tax reforms and their potential benefits for petroleum operations and the Nigerian economy at large.

This published article seeks to examine the key changes of the Nigeria Tax Bill on NRCs carrying on shipping or air transport business in Nigeria.

The Nigerian tax reform bills submitted to the National Assembly aim to establish uniform procedures for the efficient administration of tax laws and improve tax compliance. The tax reform bills, which consist...

Business restructuring emerges as a critical tool for navigating these turbulent times. By optimizing operations, reducing costs, and adapting to changing market conditions, businesses can enhance their chances of long-term success. 

This published article highlighted some factors affecting effective TP compliance by taxpayers and the process and impact of operationalising TP as a means to help tackle these issues.

This published article discusses Artificial Intelligence and its privacy risks. We also offer some recommendations about the ethical use of AI to ensure data privacy compliance in line with the provisions of the law.

An employer’s tax and other regulatory compliance obligations concerning its workforce or employees are defined by the nature of the relationship or contract with the latter. In practice, some employers have neglected these obligations when the...

This article focuses on the recent transformation of TCN into the NISO and the TSP, the potential opportunities the unbundling presents for enhancing operational efficiency and grid reliability and the key things to consider prior to the conclu...

This published article discusses the need effective internal control to ensure business continuity and investment security, ensure the accuracy and reliability of financial reporting, and promote compliance with laws and regulations.

As businesses continue to expand their reach and significantly increase their use of technology, the risks must be weighed against the benefits of technology usage. Increased exposure to cyberattacks and data breach incidents necessitate improv...

This published article delves into the complexities of the Nigerian power sector, analyzes the implications of the tariff increase, and explores potential pathways to address the sector’s persistent challenges.

This published article examines the operations of the Electronic Money Transfer Levy (EMTL) since its commencement in 2020, its contributions to Nigeria’s financial environment, and the overall impact on the Nigerian economy.

This published article discusses the recent migration of transfer pricing (TP) filings and Country-by-Country Reporting (CbCR) notification forms from the electronic TP platform (e-TP Plat) to the TaxPro Max platform by the Federal Inland Reven...

This published article discusses the key considerations for banks as they gear up to the proposed banking sector recapitalization programme. On 28 March 2024, the Central Bank of Nigeria (CBN) in line with ...

This published article explains the nuances of tax management for high-net worth individuals and families, and also highlights strategies to mitigate risks and ensure compliance with regulatory mandates.

This published article discusses the concept of Maximizing Nigeria's Renewable Energy Potentials for Sustainable G...

This Published article embarks on a comprehensive exploration, unraveling the intricate relationship between corporate governance and financial performance within the unique context of Nigerian Businesses.

As part of our annual review of the Nigerian TP space, in this article, we review the major developments in the Nigerian TP space in 2023 and the potential implications for taxpayers in 2024.