Explained: The Unexplained Wealth Order and how it affects rich Nigerians
On 27 April 2017, the UK Parliament passed the Criminal Finance Act 2017 (Act) into law amending the Proceeds of ...
Tag: Explainers
Explaining topical financial, business and economic information in a simple, informative and relatable manner.
Pencom issues public notices on administration of Life Insurance Policy
The National Pension Commission (PenCom), on Wednesday, 14 February 2018, issued two-pronged notices to both employers and employees on the ...
These new revised guidelines are important if you are an importer
The Federal Ministry of Finance recently issued an addendum to the 2017 Revised Import Guidelines, Procedures and Documentation Requirements under ...
Explained: Adding Naira to list of currencies used to pay for imports from Britain
Nigeria's currency, the Naira, is to be added to the list of “pre-approved currencies”, by the British Export Finance Agency. ...
Personal Income Tax – What does this mean to me?
There are some misconceptions with respect to statutory tax obligations of business owners as well as those in paid employment. ...
Nigerian legislation and its shades of gray – Value Added Tax
In the last two years and within 7 months apart, two divisions of the Tax Appeal Tribunal (TAT), in Abuja ...
Where should you invest N2 million won from lottery?
Everyday Money Matters (EMM) is live on @lagostalks913 every Wednesday between 7.30am-8.00am. On the show, we give answers to questions ...
Accounting for Value Added Tax in the manufacturing industry
The manufacturing industry is a vital part of the Nigerian economy. Based on the sectoral distribution of Value Added Tax ...
Making sense of Nigeria’s Federal Government budgeting efficiency
It is true that governments all over the world continually argue for and indeed deploy public expenditure to put their ...
Nigeria issues the income tax (country-by-country reporting) regulations 2018
Nigeria has issued the Income Tax (Country-by-Country Reporting) Regulations 2018 (the CbCR Regulations). The Regulations are part of the implementation ...
