2022 Budget

Budget: The 2022 Budget Proposal by Nigeria’s President to the National Assembly

resident Muhammadu Buhari, on Thursday, 7 October 2021, presented the 2022 budget proposal of the Federal Government of Nigeria to the National Assembly, which was followed by a detailed analysis by the Honourable Minister of Finance, Budget, and National Planning at a public forum on Friday, 8 October 2021.

Federal Government releases 2021 Fiscal Policy Measures

Federal Government releases 2021 Fiscal Policy Measures

The Federal Government of Nigeria has approved and ordered the implementation of the 2021 Fiscal Policy Measures (2021 FPM), effective 6 September 2021. The 2021 FPM replaces the 2019 FPM which had been in force since 1 July 2019.

Federal High Court's Practice Directions for FIRS

Federal High Court’s Practice Directions for FIRS

The Chief Judge of the Federal High Court (FHC) of Nigeria, in line with Order 57 Rule 3 of the Federal High Court (Civil Procedure) Rules, 2019 (FHC Rules) on 31 May 2021, issued Practice Directions.

Federal High Court FIRS practice direction

VAT dispute: Court of Appeal orders all parties to maintain pre-dispute position

(pre-dispute status) and refrain from taking any steps to give effect to the judgment of the Federal High Court (FHC) in the case of Attorney General of Rivers State v. FIRS & Attorney General of the Federation pending the hearing and determination of the motion for stay of execution filed by the Federal Inland Revenue Service (FIRS).

Yomi Olugbenro assesses the VAT Controversy between States and the FIRS
Federal High Court FIRS practice direction

Federal High Court’s Practice Direction for FIRS

The Chief Judge of the Federal High Court (FHC) of Nigeria, in line with Order 57 Rule 3 of the Federal High Court (Civil Procedure) Rules, 2019 (FHC Rules) on 31 May 2021 issued a Practice Direction. The Practice Direction became effective on 1 June 2021 and relates to tax matters administered by Federal Inland Revenue Service (FIRS).

Federal Government of Nigeria releases 2021 Fiscal Policy Measures

Federal Government of Nigeria releases 2021 Fiscal Policy Measures

Measures (2021 FPM), effective 6 September 2021. The 2021 FPM replaces the 2019 FPM which had been in force since 1 July 2019. Approval of the 2021 FPM was communicated by the Honorable Minister of Finance through a circular (“the Circular”) dated 31 August 2021.

Federal High Court dismisses FIRS application for stay of execution on VAT judgement

The Federal Inland Revenue Service (FIRS) filed an application for a stay of execution of the judgment of the Federal High Court (FHC) in the case of Attorney General of Rivers State v. FIRS & Attorney General of the Federation.

Petroleum Industry Bill

Petroleum Industry Act: Nigeria’s New Oil and Gas Regulatory Framework

Our PIA newsletter is a series of four issues, this document being the first, and it is focused on chapter 1 of the PIA, analysing the key aspects of the governance of the Nigerian petroleum industry and its institutions.

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