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Deloitte Nigeria
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As insurers begin to understand the implications of implementing IFRS 17, a key consideration is the interrelationships between IFRS 17 and IFRS 9 and how these can be maximised to their advantage. Key takeouts from this report  IFRS 17, the new Insurance…

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The National Pension Commission (PenCom) has issued a general notice to remind employers who wish to bid or solicit for contract or business from any Federal Government Ministries Departments and Agencies (MDA), of the requirement to provide proof of…

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Culture to drive business strategy Research consistently demonstrates that culture drives business value. Organisations with engaged and committed employees have higher levels of customer loyalty, revenues, profitability and employee retention.

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There are multiple regulatory agencies in Nigeria operating on the framework of various laws and practices, with administrative authorities constituted at different levels to enforce compliance. With such plethora of regulatory authorities, overlap and…

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The Federal Inland Revenue Service (FIRS) has issued a public notice announcing the approved penalty and interest rates to be applied as sanctions on all unpaid tax amounts.

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The Federal Inland Revenue Service (FIRS) has announced the introduction of six (6) new electronic tax services (e-services). The available e-services are: • e-Registration: for registration of new taxpayers with FIRS for the various taxes • e-Stamp Duty:…

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It is said that no government can build credibility if it downplays the need to internalise efficient and effective mechanisms in steering the wheel of governance. Hence, it is the duty of government, public policy makers and other key stakeholders within…

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Nigeria is viewed by many as a country with enormous opportunities and business potentials. The sheer size of the country’s population, human and natural resources as well as its diverse culture place the country in a class of potentially great nations.…

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Financial services regulators in Nigeria increasingly see sustainable banking as an avenue to promote the sustainable development of the nation. As such, key regulators have established and continue to improve frameworks, guidelines and regulations…

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Nigeria’s Senate, during its plenary session on 25 May 2017, passed the Petroleum Industry Governance Bill (“PIGB” or “the Bill”) following the recommendation of the Joint Committee of the National Assembly on Petroleum (upstream, downstream and gas).
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