Negative images of Africa dominate the news: famine and disease, conflict and corruption. But Ngozi Okonjo-Iweala, the former Finance Minister of Nigeria, says there's a less-told story unfolding in many African nations: one of reform, economic growth... 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
3.1. Acquisition of land and its documentation involves a number of procedures that call for due diligence and caution on the part of the purchaser. Retaining the services of a good professional could help get through these procedures in the best interest... read more
The Dishonoured Cheques (Offences) Act was enacted to make it an offence for any person in Nigeria to induce the delivery of any asset or property or to when settling any lawful obligation, writes a Cheque which when presented within a reasonable period... read more
1. Telephone Excise Tax Refund Abuses: Early filings show some individual taxpayers have requested large and apparently improper amounts for the special telephone tax refund. In some cases, taxpayers appear to be requesting a refund of the entire amount... read more
3.1.4 Cinematograph Film: This includes the first fixation of a sequence of visual images capable of being shown as a moving picture and of being the subject of reproduction and includes the recording of a sound track associated with the cinematograph... read more
Common consumer electronics such as travel cameras, cell phones, and most laptop computers are still allowed in carry-on and checked luggage. However, the rule limits individuals to bringing only two extended-life spare rechargeable lithium batteries... read more
Aircraft maintenance is a crucial investment opportunity in the Nigerian Aviation industry given the fact the country is seriously yet to build an in-house maintenance capacity. The idea of establishing a National Aircraft Maintenance Centre has been... 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
4.2 These documents (especially the Sale Agreement and the Deed of Assignment) must contain the names and descriptions of the parties, proper description of the property, the agreed purchase price, the acknowledgement of receipt of that amount, the capacity... 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
3.2 The Nigerian Investment Promotion Commission Decree 1995 and the Foreign Exchange Monitoring & Miscellaneous Provisions Decree 1995 guarantee to foreign investors unrestricted remittance of dividends or profits (net of applicable tax – 10%) deriving... read more
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