What is VAT? Value Added Tax (VAT) is a tax imposed on the supply of goods and services. Under Nigerian law, the tax is charged at 7.5% of the value of the taxable goods and services. An illustration of this is if you sell shoes for N10, 000, the VAT chargeable on...
The ONE Law every road user in Nigeria should know Billions of Naira in Nigeria goes unclaimed daily…Yes. You read that right, and no it is not an exaggeration. Under Nigerian Law, every motor vehicle on the road must be insured against damage to the property of third...
How to become a member of the State House of Assembly in Nigeria In Nigeria, each of the 36 States has its own law-making body known as the State House of Assembly. The primary job of the State House of Assembly is to make laws for the State, however, it is also...
4 Things to know about a Certificate of Incorporation What is it? A certificate of incorporation is a document given by the companies’ regulation agency of a country (in Nigeria’s case this is the Corporate Affairs Commission – CAC) as evidence of the existence of a...
Impeaching a Deputy Governor Impeaching a sitting Deputy-Governor of a State in Nigeria is a very serious matter. It is serious not simply because it amounts to effectively ‘sacking’ the number two citizen of the State in question, but also because it amounts to...
