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Private Sector to Partner with Federal Government on Road Infrastructure Development

The President of the Federal Republic of Nigeria recently signed the Executive Order 007 tagged the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme Order 2019. The statutory basis of...
Taxation Report 2019 - Olaniwun Ajayi LP

Taxation in Nigeria – 2018 Review | 2019 Outlook

In 2018, Nigeria experienced a massive revenue drive in the tax space while moving up 14 points on the World Bank "Ease of paying taxes" rankings. This report sets out the...

Nigerian Banking Sector Report – 2018 Review | 2019 Outlook

The year 2018 turned out to be a relatively positive year for the Nigerian Banking Sector. With recovery in macroeconomic conditions, decline in inflation, stable exchange rate, the average overall performance of Deposit Money Banks...

Nigerian Oil and Gas Review 2018

This Review is the second in our series and this year we would be looking at major, industry wide events across the Nigerian Oil and Gas Industry (the Industry) in 2018. 2018...

LIRS Appoints Payers of Capital Sums as Collecting Agents for Capital Gains Tax

The Lagos State Government, through the LIRS, has issued a Public Notice (The “Public Notice”) on the appointment of payers of capital sums inclusive of employers as collecting agents for the purpose...

PARTNERSHIP ANNOUNCEMENT

We are proud to announce the admissions of Mr. Damilola Salawu and Air Vice Marshal Ibrahim Sharfi'i (Rtd) into the partnership of Olaniwun Ajayi LP. Symbolic of...

Executive Order 008: Voluntary Assets Regularization Scheme (VOARS)

The Federal Government of Nigeria (“FGN”),on Monday 8th October 2018, signed a new Executive Order (008) (the Order) tagged Voluntary Offshore Assets Regularization Scheme (VOARS or the Scheme). The Order, which is for a period of twelve (12)...

FGN INVITES EXPRESSIONS OF INTEREST FOR CORE INVESTORS IN RESPECT OF AFAM AND YOLA...

In continuation of the wholesale privatization of the key power infrastructure assets which began in 2006 with the horizontal unbundling of the Power Holding Company of Nigeria Plc (PHCN), and the subsequent handover of...
TAXATION

Impact Of Multiple Taxation On Businesses In Nigeria

There are over fifty taxes and levies collected by the federal, state and local governments in Nigeria. In addition to the plethora of taxes and levies in Nigeria, it is more worrisome where different...