Updates

Corporate Income Tax Up 51.3% in Q2-2022

September 15, 2022/United Capital Report The National Bureau of Statistics (NBS) recently published its Company Income Tax (CIT) report for Q2-2022. The report shows that CIT printed at N714.4bn in the period under review, a 29.5% q/q increase and a 51.3% increase from Q2-2021. A breakdown of the composition of […]

Energy Transition: Why Nigeria Should Benefit More From Its Gas Reserves-Osinbajo

*US Special Envoy, John Kerry commends FG’s Energy Transition Plan in meeting with VP September 14, 2022/OVP The use of gas as a transition fuel would not only help in stemming deforestation, it would also advance Nigeria’s broader development goals, especially because Nigeria has one of the largest gas reserves […]

SEC Proposes Rules to Improve Risk Management in Clearance and Settlement and to Facilitate Additional Central Clearing for the U.S. Treasury Market

September 14, 2022/US SEC The Securities and Exchange Commission today proposed rule changes that would enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions. The proposed rule changes would update the membership standards required of covered clearing agencies […]