The Categorical Exclusion of Professional Service Providers from “Small Company” Status Under Section 202 of…
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The Categorical Exclusion of Professional Service Providers from “Small Company” Status Under Section 202 of the Nigeria Tax Act, 2025
The Categorical Exclusion of Professional Service Providers from “Small Company” Status Under Section 202 of the Nigeria Tax Act, 2025: Legal Implications, Structural Dilemmas, and Strategic Responses 1. Introduction The enactment of the Nigeria Tax Act, 2025 (the “Act”) represents a transformative shift in the nation’s fiscal architecture. Among its most consequential reforms is the introduction of Section 202, which fundamentally alters the taxation of companies providing “professional services”. Historically, small company classification provided significant […]
Glossary of Key Terms under the Nigerian Tax Reform Act: A Guide for Tax Practitioners and Taxpayers
Glossary of Key Terms: Nigerian Tax Reform Act (NTA 2025) Guide Glossary of Key Terms: Nigerian Tax Reform Act (NTA 2025) Guide Glossary of Key Terms under the Nigerian Tax Reform Act: A Guide for Tax Practitioners and Taxpayers Quick Navigation A B C D E F G H I L M N O P Q R S T U V Y Z A 1. Accelerator Statutory Definition: “is as defined in the Nigeria Startup […]
Nigeria’s Decade of Gas: Legal Framework, PIA 2021 & Investment Risks
Nigeria’s Decade of Gas: Legal Framework, PIA 2021 & Investment Risks Nigeria’s Decade of Gas: Legal Framework, PIA 2021 & Investment Risks Gas Commercialization and the “Decade of Gas” Policy in Nigeria: Legal Architecture, Investment Risk, and Energy Transition Tensions Abstract Nigeria’s declaration of 2021–2030 as the “Decade of Gas” marks a transformative policy shift intended to reposition natural gas as the primary transition fuel in Nigeria’s energy mix. Anchored principally in the Petroleum Industry […]
Divestment by International Oil Companies (IOCs) and Asset Transfers to Indigenous Firms in Nigeria
IOC Divestment & Asset Transfers in Nigeria: PIA 2021 Legal Analysis PIA 2021 Legal Analysis: Divestment by International Oil Companies (IOCs) and Asset Transfers to Indigenous Firms in Nigeria: A Comprehensive Analysis of Legal, Regulatory, and Environmental Implications under the Petroleum Industry Act 2021 Abstract Nigeria’s upstream petroleum sector is currently navigating its most significant structural transformation since the inception of the industry in the 1950s. Major International Oil Companies (IOCs), including Shell, ExxonMobil, TotalEnergies, […]
Navigating Local Content Compliance Under Nigeria’s Petroleum Industry Act (PIA)
Navigating Local Content Compliance Under Nigeria’s PIA 2021 Navigating Local Content Compliance Nigeria’s Petroleum Industry Act (PIA) 2021 Introduction: The Paradigm Shift in Energy Governance Non-compliance with local content mandates carries risks of regulatory sanctions, reputational damage, project delays, and criminal prosecution. The enactment of the Petroleum Industry Act (PIA) 2021 marked a watershed moment for Nigeria’s oil and gas sector, fundamentally restructuring the industry’s regulatory architecture and redefining the obligations of operators regarding local […]