Nigeria Tax Act

Business

Why your Company may have been Paying too much VAT—and how Section 155 of the Nigeria Tax Act Fixes it

THEWILL -
Under the old, repealed Value Added Tax Act, businesses were trapped in an unfair, distorted tax system that treated essential operational expenses as luxury overheads.
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BusinessTHEWILL_ -

NDIC Urges Nigerians to Move More Funds into Banks as Deposit Cover Rises to N5m

The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to move more of their funds into the formal banking system, adding that the revised insurance limit, which now fully covers 98.98 per cent of depositors in Nigerian deposit money banks, was aimed at deepening public confidence in the banking system.
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