World Bank ease of doing business report 2020: Nigeria remains top improver
The World Bank Group (World Bank) on Thursday, 24 October 2019, published its 2020 Doing Business Report (the Report). This latest report sees Nigeria ranking 131 out of 190 countries on the ease of doing business index, an upward movement by 15 places from 2019 ranking of 146.
The African Continental Free Trade Area: Unfolding Changes
Now the largest free trade agreement since the creation of the World Trade Organization, the Agreement is expected to lead to structural changes in the current business environment. What is AfCFTA? How does it impact you? What should be your response?
Vacancies in the Nigeria Power Sector Program (NPSP)
We are pleased to announce some vacancies under the Nigeria Power Sector Program, a power sector transformation programme led by Deloitte.
Africa Oil & Gas State of Play
The African continent continues to boast a vast array of potential opportunities, particularly in the oil and gas (O&G) sector. The sector has historically been a primary driver of economic growth and is once again attracting investor interest as international energy prices recover. Africa’s proven oil and gas reserves account for 7.5% and 7.1% of global reserves respectively.
Vacancies in the Nigeria Power Sector Program
We are pleased to announce some vacancies under the Nigeria Power Sector Program, a power sector transformation programme led by Deloitte. The Nigeria Power Sector Program was established by a development agency to support reform within Nigeria’s power sector.
Gas Flaring Charge in Nigeria – Is FHC’s decision in Mobil v. FIRS good law?
Exploration and production (E&P) companies often encounter challenges with the Tax Authority on tax deductibility of gas flaring expenses incurred in the process of their oil and gas production activities.
Federal High Court (FHC) confirms applicability of VAT on services rendered by a foreign entity to a Nigerian entity
Federal High Court (FHC), on 19 June 2018, issued a ruling overturning the decision of Tax Appeal Tribunal (TAT) in the case between Gazprom Oil & Gas Limited (Gazprom or the Company) and Federal Inland Revenue Service (FIRS), on the applicability of value added tax (VAT) on imported services.
Value Added Tax Modification Order for the Power Sector
Federal Government of Nigeria (FGN) is poised to change the face of VAT in the power sector with the Value Added Tax (VAT) (Modification) Order 2018 (the Order), which seeks to provide clarity on the applicability of VAT for operators in the Nigeria Electricity Supply Industry (NESI).