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Ikoyi
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Nigeria
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By Andersen Tax LP
The Financial Reporting Council of Nigeria (FRCN) has revoked Rule 4 of the FRCN Rules through a public notice (PN) dated 11 July 2019.
By Ogochukwu Isiadinso, Patience Ajogbor
With the recent cybersecurity breaches involving major companies such as Google, which was slammed with a fine of £44 million and British Airways.
By Olaleye Adebiyi, Ogochukwu Isiadinso
In 2018, the African Export-Import Bank reported that only 15% of international trade by African countries takes place within the African continent.
By Patience Ajogbor, Ogochukwu Isiadinso
Recently, the NITDA commenced investigations on some identified data controllers for alleged breach of the NDPR.
By Andersen Tax LP
The National Information Technology Development Agency (NITDA) has granted a three-month extension to Data Controllers and Processors (organizations and entities who collect and process
By Adebowale Adeniyi
Within the last decade, the Nigerian upstream sector witnessed significant transactions involving the sale of interests in oil licenses.
By Adeyemi Adediran, Samuel Bamidele
This article explores some of the changes introduced by the new standard in accounting for financial assets and possible tax implications.
By Andersen Tax LP
On 11 July 2019, the National Information Technology Development Agency (NITDA) issued a Press Statement disclosing its ongoing investigation of alleged breach of data privacy rights of Nigerians by some identified Data Controllers.
By Andersen Tax LP
On 5 July 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that where a company pays out dividends that exceeds its taxable profits in a given year of assessment, such dividends
By Joshua Bamfo
Intangibles are key sources of differentiation for businesses and typically, they help drive revenue, manage cost or both.
By Olufunmilayo Olaniyi
The PID is a taxpayer's identity code issued by the LIRS to taxpayers in Lagos State.
By Andersen Tax LP
On 7 July 2019, President Muhammadu Buhari signed the Agreement Establishing the African Continental Free Trade Area ("AfCFTA Agreement" or "the Agreement").
By Andersen Tax LP
On 24 June 2019, the Court of Appeal (COA or the Court) affirmed the decision of the Federal High Court, and held that Nigerian recipients of imported services such as supply of bandwidth capacities
By Andersen Tax LP
In July 2017, the Andersen name debuted in Africa when Andersen Tax launched in Lagos and Abuja in Nigeria. Today, as we celebrate our two-year anniversary
By Andersen Tax LP
On 19 June 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that mortgage institutions are not liable to pay Value Added Tax (VAT) on services rendered within the scope of their business.
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