On Monday, the Naira dropped to N1,612 per dollar in the official foreign exchange (FX) market, marking its lowest value since December 4, 2024, when the exchange rate was N1,613.69 per dollar. The local currency depreciated by 2.89%, falling to N1,612.23/$ from N1,567.02/$ on April 4. Meanwhile, in the parallel market, the Naira depreciated by […]

In today’s global economy, the way companies are capitalised—whether through equity or debt—can have significant tax consequences. In Nigeria, the balance between debt and equity financing is closely monitored, particularly for multinational corporations. This article delves into the concept of thin capitalisation, the associated tax regulations, and the treatment of debt conversion programmes under Nigerian

I have been following closely, you have been following, and Nigerians, in general, have been paying attention. We’ve moved beyond just discussions and consultations. And now, here we are: the passage of the Tax Reform Bills by the House of Representatives, signaling a significant shift in Nigeria’s tax system. What comes to mind when you