June 6, 2024

Cybersecurity Levy in Nigeria: A Call for Legal and Timing Review

Introduction On May 6, 2024, the Central Bank of Nigeria (CBN) issued guidance on implementing the National Cybersecurity Levy. However, following significant concerns from stakeholders, the government suspended this levy on May 17, 2024. As businesses increasingly rely on technology, balancing the benefits and risks of cyber threats becomes critical. This article examines the evolution […]

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Navigating Tax Implications of Mergers in Nigeria: Key Considerations and Compliance

Introduction In Nigeria, mergers are governed by the Federal Competition and Consumer Protection Act, 2018, which defines a merger as an event where one or more businesses acquire control over another. This can be achieved through purchasing or leasing shares, interests, or assets; amalgamating or combining businesses; or establishing a joint venture. For a merger

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