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Navigating Tax and Regulatory Hurdles in Nigeria’s Fintech Sector
The rapid growth and innovation within the Nigerian Fintech industry have transformed the financial landscape and presented unique and complex tax challenges. As Fintech companies continue to disrupt traditional financial services and expand…
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Examining the Recent Amendments to the Customs, Excise Tariff, etc. (Consolidation) Act (CETA)
The Finance Act of 2023 (FA2023 or the Act) was officially signed into law on May 28, 2023, under the leadership of His Excellency, former President Muhammadu Buhari, GCFR. The commencement date for…
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Nigeria’s Tax Reform: Easing the Burden on the Taxpayer and Tax Collector
In an ever-evolving economic landscape, Nigeria stands at a critical juncture, poised to reform its tax system to address the longstanding challenges faced by both taxpayers and tax collectors. The burden of taxation…
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Countering Tax Avoidance in Sub-Saharan Africa’s Mining Sector
Sub-Saharan Africa is estimated to possess 30 percent of global mineral reserves, representing a major opportunity for the region. Despite the high level of private investment in this critical sector, new analysis finds…
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How to Tax in Asia’s Digital Age
Asia alone has roughly two billion internet users, with considerable room to grow. Asia’s advanced and emerging market economies have several locally headquartered tech giants—including Alibaba, JD.com, Tencent, Rakuten—and host foreign tech giants…
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Is It Time To Tax Stock Trading?
In the economist's utopian vision of the stock market, clearheaded investors diligently evaluate companies and invest only in the ones they expect to grow and thrive. In the process, investors direct resources where…
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How the Rich Get Richer
A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more likely to earn higher returns on their investments. It also shows that the children…
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Financial Highlights of SEPLAT in the first 9 months of 2020
Although revenue declined, we note that the cost of sales surged during the period. Specifically, cost of sales was N103.94 billion compared to N70.65 billion recorded in the corresponding period of 2019. This…
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Financial Highlights of Bua Cement Plc in 9M-2020
Gross profit grew by 13.6% compared to the corresponding period of 2019. The gross profit growth is however slow due to the fact that the growth in cost of sales was more than…
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Mission Impossible? Can Fragile States Increase Tax Revenues?
The COVID-19 shocks are proving to be especially challenging for fragile states. Pre-COVID, fiscal revenues were low in such countries and governments were struggling to raise them. Now, COVID-19 is hitting them hard…
