Background The Petroleum Industry Bill (PIB) seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities. It contains 5 Chapters, 319 Sections and 8 Schedules. Key Changes in the Bill Chapter 1 – Governance and Institutions The key objective is
Background It is important to recall that the Finance Act (FA) 2020 introduced an amendment to the Federal Inland Revenue Service Establishment Act (FIRSEA), empowering the Service to deploy proprietary technology to automate the tax administration process in Nigeria. The FIRS however, must give 30 days’ notice to taxpayers before
Nexia Agbo Abel & Co is proud to announce its new partner, Kofi Alex Peddler, effective 1 January 2021. Kofi began his professional career with the firm in 2005 and grew rapidly through the ranks. He would be the second member of staff who would rise through the ranks and
In light of the outbreak of COVID-19 in Nigeria, we wish to inform our clients and the general public of the temporary closure of all our offices nationwide, effective Tuesday 24th March, 2020 till further notice. Kindly note that our services are still available and will be provided remotely. Please,
Nexia International (Nexia), according to the latest International Accounting Bulletin (IAB) World Survey, has retained its strong position as the ninth largest global network, as measured by fee income. Nexia Agbo Abel & Co. is a proud member of the Nexia International network. In 2019, Nexia’s total fee income was