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SimmonsCooper Partners > Blog
Newsletter

Empowering SMEs: The Digital Leap with NITDA-SMEDAN Partnership 

  • Admin
  • April 20, 2024
  • 0 Comments

Recently, the National Information Technology Development Agency (NITDA) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) formalized a collaboration through a Memorandum of Understanding (MoU).

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Newsletter

Global Dispute Resolution Spotlight: US Court Upholds Arbitration Award for BUA International Limited

  • Admin
  • April 20, 2024
  • 0 Comments

In a recent ruling by the United States District Court for the District of Idaho, BUA International Limited secured a notable victory, affirming the global enforceability of arbitration awards.

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Newsletter

Crypto Crossroads: Navigating Nigeria’s Digital Currency Dilemma

  • Admin
  • March 25, 2024
  • 0 Comments

In a significant regulatory move, Nigeria has imposed a ban on Binance, OctaFX, Coinbase and similar cryptocurrency platforms from conducting operations within its borders.

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Newsletter

Unveiling the Expatriate Employment Levy: A New Chapter in Nigeria’s Employment Regulations

  • Admin
  • March 25, 2024
  • 0 Comments

On February 27, 2024, President Bola Tinubu introduced the Expatriate Employment Levy (EEL) aimed at reshaping the employment landscape in Nigeria.

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Newsletter

Federal High Court’s Decision: A Directive to Binance on User Data

  • Admin
  • March 25, 2024
  • 0 Comments

Recently, the Federal High Court in Abuja mandated Binance Holdings Limited to disclose detailed information on Nigerian users of its cryptocurrency exchange platform.

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Newsletter

Navigating Currency Turbulence: Strategies for Safeguarding Your Assets

  • Admin
  • March 25, 2024
  • 0 Comments

In recent months, Nigerian investors have navigated through a barrage of financial uncertainties as erratic as the ocean’s tides, with the naira facing significant fluctuations in the foreign exchange market especially against the US dollar.

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Newsletter

Capital Infusion: Bank of Industry’s N200 Billion Initiative to Revitalize Manufacturing and SMEs

  • Admin
  • March 25, 2024
  • 0 Comments

In February 2024, the Bank of Industry (BOI) announced an unprecedented allocation of Two Hundred Billion Naira aimed at growing the manufacturing sector and SMEs throughout Nigeria.

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Newsletter

Unraveling the TAT Decision on Pre-Operational Tax Liabilities: Bayelsa State Board of Internal Revenue v. Sterling Global Resources Limited

  • Admin
  • March 25, 2024
  • 0 Comments

In a significant ruling, the Tax Appeal Tribunal (TAT) dismissed the Bayelsa State Board of Internal Revenue’s appeal against Sterling Global Resources Ltd, a player in the oil and gas sector.

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Newsletter

Embracing the Future of Tax Compliance: FIRS Unveils TaxProMax

  • Admin
  • March 25, 2024
  • 0 Comments

On February 20, 2024, the Federal Inland Revenue Service (FIRS) introduced TaxProMax, an innovative digital platform tailored for Transfer Pricing (TP) and Country by Country Reports (CbCR) submissions.

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Newsletter

Navigating the Impact of Undersea Cable Cuts on Africa’s Connectivity

  • Admin
  • March 25, 2024
  • 0 Comments

In recent weeks, a series of undersea cable cuts have caused significant disruptions to data and voice services across Africa

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SimmonsCooper Partners | 2023

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