Inside the Deloitte Cybersecurity Bulletin

Security Intelligence Google may distrust a third of the web’s SSL certificates Source: cio.com Google may distrust a third of the web’s SSL certificates by revoking trust in certificates that have a validity period of over 33 months. This is to put enormous pressure on Symantec, as the company will have to contact all customers, validate their identity and the ownership of their domains all over again, and replace their existing certificates with new ones, most likely at no cost.

Nigeria’s new Immigration Regulations 2017

Nigeria’s Minister of Interior launched the new Immigration Regulations 2017 (the Regulation) on 20 March 2017. The objectives of the Regulation is to drive effective implementation of the Immigration Act of 2015 which replaced the Immigration Act of 1963.

The ECOWAS Trade Liberalization Scheme – Myth or Reality?

In 1979, the Heads of State and Governments of the Member States of the Economic Community of West African States (ECOWAS) established the ECOWAS Trade Liberalization Scheme (ETLS)  pursuant to the overarching objective of promoting co-operation and integration among the Member States.

FEC Approves Revised National Tax Policy

Nigeria unveils its Economic Recovery and Growth Plan

President Muhammadu Buhari on 5 April 2017, formally launched the National Economic Recovery and Growth Plan (ERGP) for Nigeria.

Tax Newsletter: No more ₦50 stamp duty on bank deposits- Federal High Court

A Federal High Court (FHC) on 13 March 2017, delivered a judgment on the validity of the circular issued by Central Bank of Nigeria referenced CBN/GEN/DMB/02/006, in the case between Retail Supermarkets Nigeria Limited (AKA Shoprite) and the defendants Citibank Nigeria Limited (Citibank) and Central Bank of Nigeria (CBN).

culture-shift

Inside the New National Tax Policy

A revised National Tax Policy (NTP or the Policy) was approved by the Federal Executive Council (FEC) of Nigeria on 1 February 2017. The approval is an aftermath of the submission made by the NTP Review Committee, set up by the Minister of Finance in August 2016 for the review of the old NTP that was initially issued in 2012. The committee, headed by Prof Abiola Sanni, submitted its report in September 2016.

Implications of Nigeria’s Draft Petroleum Fiscal Policy

As part of efforts towards reforming the oil and gas industry, the Ministry of Petroleum Resources (MPR) recently released the Draft National Petroleum Fiscal Policy.

The new digital divide

The future of digital influence in retail Today there is almost universal recognition among retailers that digital has reshaped customer behaviour and shopping forever. Deloitte’s New digital divide report, deepens our exploration of the growing gap between the digital experiences that brick-and-mortar retailers are delivering and the experiences that their customers actually want

TAX ALERT: New FHC Judgement Nullifies CBN Circular on Collection of N50 Stamp Duty

A Federal High Court (FHC) sitting in Ikoyi Lagos, on 13 March 2017, nullified the circular issued by Central Bank of Nigeria (CBN), which mandates all deposit money banks and other financial institutions to enforce collection of ₦50 stamp duty on all electronic transfers and teller deposits from ₦1,000 and above.

NSITF and NECA Agreement: What Implications for Non-NECA Members?

The might of a nation is expressed in the social security and welfare of its people. This was aptly put by Abraham Lincoln in his saying that “the purpose of government is to do for a community of people whatever they need to have done but cannot do at all or cannot do so well for themselves in their separate and individual capacities.” This underpins the provision of Chapter II of the 1999 Constitution of the Federal Republic of Nigeria, which provides that the security and welfare of the people shall be the primary purpose of government.