Mergers and acquisitions (M&A) represent some of the most significant corporate transactions a business can undertake. Central to this process is due diligence, an indispensable component that ensures a successful and equitable deal. Due diligence involves a comprehensive audit or investigation of a potential investment to verify facts that may influence a buyer’s decision to […]

Introduction The business landscape in Nigeria has undergone a significant transformation with the introduction of the Companies and Allied Matters Act (CAMA) 2020. One of the changes is the provision that allows a single individual to register a limited liability company, making it easier for sole proprietors and startups to incorporate their businesses without the

Introduction The Lagos zone of the Tax Appeal Tribunal (TAT) has ruled in favor of the Federal Inland Revenue Service (FIRS) in a case involving Rand Merchant Bank Nigeria Limited (“the Appellant”) and the FIRS (“the Respondent”). The Tribunal determined that the FIRS’ discretionary powers under section 21 of the Companies Income Tax Act (CITA),

Introduction Nigeria has witnessed a rapid digital transformation in recent years, with e-commerce emerging as a significant sector. The surge in online transactions has revolutionized business operations and become a critical economic driver. However, the growth of e-commerce has also brought the issue of taxation to the forefront. As more businesses embrace this modern method