The House of Representatives has approved a new formula for distributing Value Added Tax (VAT) revenue, with 55% allocated to states and 35% to local government councils. This move follows the adoption of a report from the Committee on Finance, which reviewed four tax-related bills presented by President Bola Tinubu in October 2024. The report, […]

A property development firm, Nextdora Nigeria Limited, has approached the Federal High Court in Abuja, seeking to nullify the registration of an identical company by the Corporate Affairs Commission (CAC). The firm, registered under the name Nextdora Nigeria Limited (Registration Number: 564478), filed a lawsuit against the CAC, Nextdora Nigeria Limited (RC No: 1190723), and