Importance and Consequences of Annual Tax Returns lie in the fact that annual tax return filing is a core statutory obligation for all companies operating in Nigeria. It represents the formal process through which a taxpayer reports its financial activities…
The importance of registering with Dun & Bradstreet cannot be overstated when you are building a business that aspires to compete globally. In the modern marketplace, your reputation is not just what people say about you. It is what verified…
Strategic Importance of ITF Compliance in Nigeria is increasingly evident in Nigeria’s evolving regulatory and procurement environment, where compliance has become more than a statutory obligation. It is now a strategic business requirement. The Industrial Training Fund (ITF), established under…
Capital Gain Tax in Nigeria has undergone a significant transformation with the enactment of the Nigeria Tax Act (NTA) 2025, which came into effect on January 1, 2026. Consequently, this comprehensive reform consolidates and repeals several tax laws, including the…
Understanding the Nigeria Social Insurance Trust Fund (NSITF) is essential for employers, employees, compliance officers, and business stakeholders operating in Nigeria. NSITF plays a central role in Nigeria’s labour and social security framework by administering the Employees’ Compensation Scheme (ECS),…
NIPEX Registration for Contractors is a mandatory requirement for any company seeking to provide goods or services within Nigeria’s oil and gas industry. For contractors intending to work with the Nigerian National Petroleum Company Limited, its subsidiaries, or Joint Venture…
The importance of registering with the NCDMB is a critical consideration for companies operating within Nigeria’s oil and gas industry. As one of the country’s most strategic sectors, oil and gas contributes significantly to government revenue, employment, and industrial growth.…
Input VAT recovery in Nigeria 2026 has undergone a revolutionary transformation under the Nigeria Tax Act 2025. For VAT-registered businesses, understanding input VAT recovery in Nigeria in 2026 is crucial to enhancing cash flow, minimizing operational costs, and recovering substantially…
Nigeria’s petroleum industry has historically been one of the most important pillars of the national economy, contributing significantly to government revenue, foreign exchange earnings, and employment. For decades, however, the sector suffered from regulatory overlap, inefficiency, and lack of clarity…
Value Added Tax(VAT) compliance has undergone a significant transformation under the Nigeria Tax Act 2025, which took effect on January 1, 2026. For businesses across Nigeria, understanding your VAT obligations is critical, particularly whether you qualify as a small business…