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Amendments to IFRS for Small and Medium-sized Entities (SMEs)

The IASB has issued amendments to the IFRS for Small and Medium-sized Entities (IFRS for SMEs), after completing its first comprehensive review of the standard. The objective of the review was to consider implementation experience and developments in full IFRS since IFRS for SMEs was issued in 2009 and make ... Read More

Using Risk Management to Respond to CRISIS

    When a crisis hits your organisation, how will you find out about it as a board member? Through employees, customers, or maybe virally through social media? Hopefully though, your organisation has a well-prepared and well-rehearsed crisis plan, in which case you will most likely learn about the facts of the crisis ... Read More

Risk managers, CIBN partner on certification

    FROM next year, the Risk Managers Association of Nigeria (RIMAN), partnering the Chartered Institute of Bankers of Nigeria (CIBN), will be awarding Risk Management Certification to practitioners and others aiming to build a career in the field. This followed the signing of ... Read More

Corporate governance for NGOs not for tax purposes, says FRC

  The Financial Reporting Council (FRC) of Nigeria has affirmed that the inclusion of not-for-profit Non Governmental Organisations(NGOs) in the National Code of Corporate Governance (NCCG) in the country is not for taxation purposes. Speaking at the public hearing in Lagos on the NCCG for NGOs over the weekend, the Chairman of ... Read More

Automating Regulatory Risk Compliance

      No one organisation exists in a vacuum, rather they exist and interact with other similar and different organisation within the same business and regulatory environment.  This relationship triggered by the fallout of the global financial crisis has brought the importance of ... Read More

Corporate Risk Management; Nigerian Perspective

Corporate Risk Management; Nigerian Perspective Nigeria is not exempted from the current volatility, uncertainty, complexity and ambiguity in the world today and the importance of risk management cannot be over emphasized especially with the consequences of deficit economy that we are currently ... Read More

Pictures from the 3 Day External Audit Training course 2015

   ... Read More

10 African Business Opportunities That Will Create Millionaires in 2015

  Oil revenues? Nope, not for today’s fast emerging African entrepreneurs and millionaires! Are you wondering in which sectors you will find the most profitable business opportunities in Africa? Then this article is for you! Last year, there were several inspiring success stories of African entrepreneurs who ... Read More

Despite the Risks, Entrepreneurship Will always Beat a 9-5 Job…Do You Agree?

For the many individuals who have ever thought about starting their own business, chances are there was one thing that stopped them: the risks. Many people think about starting their own business only to be turned off by the projected risk, time ... Read More

What Makes Business Process Easier?

Everyone wants an easier and faster way of doing things for business tasks such as raising invoices, managing inventories and tracking expenses and banking reconciliation does not have to be tedious anymore. Here are a few reasons why business management solutions ... Read More

Amendments to IFRS for Small and Medium-sized Entities (SMEs)

The New Nigeria Tax Act 2025 brings major changes that affect individuals, SMEs, and corporate businesses. In this post, we break down the most important updates, how they impact your taxes, and what steps you must take to stay compliant. If you have been searching for “New Nigeria Tax Act,” “2025 tax update Nigeria,” or “latest tax law changes,” this guide gives you the clarity you need.

We have also included a link to our detailed YouTube video explaining these changes visually, so you can understand the new tax laws easily.

https://youtu.be/ucLWfcQgjRg

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