Financial Due Diligence

Financial-due-diligence-Nigeria

 

 

Financial Due Diligence – helping investors make the right decision

In mergers and acquisitions, buyers and sellers must identify the risks and the opportunities associated with the business under consideration. Conducting effective financial due diligence can help buyers structure strategic transactions and avoid costly mistakes. It can also help sellers better understand the strengths and weaknesses of their position pursuant to a deal.

At PML Advisory, we conduct detailed due diligence for our clients in relation to merger and acquisition arrangement.

In order to help our Clients develop a complete picture of the financial realities of the target company, we carry out the following actions

  • Assess the quality of the targets earnings, analysing accounting policies and judgements
  • Review of contingent assets and liabilities
  • Evaluate management capabilities and forecasts
  • Identify key business drivers
  • Focus on profitability trends
  • Assess areas of risk concentration
  • Evaluateworking capital trends
  • Evaluate loan covenant compliance
  • Assess personnel trends and requirements

At PML Advisory we understand that no two companies or transactions are the same. Therefore, carrying out financial due diligence, we customize our approach to meet our clients’ specific needs. Our professionals have the requisite skill and experience to deliver your key expectation.

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Financial Due Diligence

Nigeria Tax Act — For years, Nigeria's tax obligations
were scattered across multiple laws — Companies Income
Tax, Personal Income Tax, VAT, Capital Gains Tax, Stamp
Duties, and more. The Nigeria Tax Act sweeps all of that
into one unified tax code. Less confusion, one reference
point, and a much simpler system for taxpayers and
administrators alike.
Nigeria Tax Administrative Act — This one is about
consistency. In the past, tax administration could vary
depending on which authority you were dealing with. This
Act standardises how taxes are administered across the
board — same rules, same processes, regardless of the
tax type. It protects taxpayers from arbitrary treatment and
makes the entire system more predictable.
Nigeria Revenue Service Act — This Act replaced the
Federal Inland Revenue Service (FIRS) with a new body
— the Nigeria Revenue Service (NRS). It is not just a
name change. The NRS comes with a redefined mandate,
updated governance structure, and a broader scope that
reflects the scale of tax reform the country is undertaking.
Joint Revenue Board Act — One of the persistent
headaches in Nigeria's tax system has been the lack of
coordination between federal, state, and local tax
authorities. The Joint Revenue Board Act creates a
statutory body to fix that — bringing all three tiers to the
same table to foster cooperation, reduce duplication, and
deliver a more cohesive experience for taxpayers across
the country.
The main focus of the Nigeria's New Tax law is simplicity,
progressive, consolidated, and pro-poor.
Contact us on +2348035353068 if you require more
information.

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