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Nigeria’s Minister of Finance signed the Deduction of Tax at Source (Withholding) Regulations 2024, otherwise known as the “WHT Regulations 2024” on July 1, 2024, that day it also became effective as part of the government’s economic reforms. The new regulations made several modifications to the Withholding Tax (WHT) system in Nigeria which was introduced into the country in 1977

Introduction Sustainable finance refers to making investment decisions that consider the social and environmental impacts, rather than financial returns solely. According to the World Bank, it is the process of taking due account of environmental, social, and governance (ESG) considerations when making investment decisions in the financial sector, leading to increased longer-term investments into sustainable economic activities and projects. In brief, these elements can be put in proper context: 1. Environmental: this has to do with an organization's impact on the planet – e.g., greenhouse gas emission, pollution, water consumption, etc. 2. Social: this has to do with the impact on people, including staff, customers, and the community – e.g., human rights, inequality, health & safety, etc. 3. Governance: how an organization is governed – transparency, board independence, shareholders’ rights, etc.

President Muhammadu Buhari on Friday, 07 August 2020 in Abuja assented to the Companies and Allied Matters (CAMA) Bill, 2020 recently passed by the National Assembly.

On 13th January 2020, President Muhammadu Buhari, GCFR signed the 2019 Finance Bill into law (now the Act). The passage of the Bill into law has brought certain significant changes into the Nigeria tax system