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?

Federal Government releases 2019 Fiscal Policy Measures

The Federal Government of Nigeria (FGN) has approved and ordered the implementation of the 2019 Fiscal Policy Measures (FPM), effective 1 July 2019. 2019 FPM replaces 2018 FPM, which had been in force since 27 July 2018.

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.

Analysis and implications of the Executive Order on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme

In the quest to improve the infrastructural needs of Nigeria and maximise resources, the President of Nigeria approved the Executive Order 007 (the Order) on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (the Scheme).

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).

CBN introduces special foreign exchange window for investors and exporters

The transformation of the traditional finance function

Finance is arguably the lifeblood of an organisation and stakeholders have high expectations of the Function‘s performance. An effective Finance function, which includes all aspects of Finance, Tax, Treasury and typically, Risk Management in some cases etc., makes a positive contribution to the achievement of the organisation‘s strategic objectives and to its value creation goals.