The Central Bank of Nigeria (CBN) recently issued a significant guideline titled “Guidance on the Collection and Remittance of the National Cybersecurity Levy,” aiming to bolster cybersecurity measures across the country. This directive, in line with Section 44(2) of the Cybercrime (Prohibition, Prevention, etc.) Act 2015, reflects Nigeria’s commitment to combatting cyber threats and ensuring […]

The Federal Inland Revenue Service (FIRS) recently issued two information circulars aimed at providing guidance to taxpayers regarding the implementation framework for the Presidential Fiscal Incentives on Gas. This initiative comes in response to Executive Order No. 40 issued by the President on 28 February 2024, which focuses on unlocking investment opportunities within the gas

The recent ruling by the Lagos zone of the Tax Appeal Tribunal (TAT) regarding the case involving FBN Insurance Limited (FBN) and the Federal Inland Revenue Service (FIRS) has significant implications for the taxation of insurance companies in Nigeria. The TAT’s decision clarifies several key points related to tax liabilities, non obstante clauses, the importance

Introduction Cybersecurity risk assessments play a crucial role in developing proactive risk management strategies and enhancing customer trust, whether operating in the private sector or as a government contractor. Failing to address potential threats can lead to costly issues. However, navigating cybersecurity risks requires expertise and strategic planning. To help organizations in this endeavor, we’ve