Tag: deloitte nigeria

What are the tax implications of the newly amended CAMA 2020?

Nigeria’s Companies and Allied Matters Act 2020 changes the country’s corporate landscape by reducing regulatory hurdles, aligning corporate operations with global practices and procedures and more so facilitating the ease of doing business. That’s according to Deloitte. Yomi Olugbenro, Partner and West Africa Tax Leader at Deloitte Nigeria joins CNBC Africa’s Christy Cole for this conversation.

Is Nigeria ready for a future without oil revenues?

Nigeria’s Department for Petroleum Resources (DPR) says the life index for the country’s oil reserves is approximately 49 years, inherently placing a timeline on how long Nigeria can continue to generate revenue from its oil wealth. Yomi Olugbenro, Partner and West Africa Tax Leader at Deloitte Nigeria joins CNBC Africa to discuss ways Nigeria can improve its revenue sources in preparation for a future without oil.

Insurance recapitalisation race heats up as NAICOM confirms 3 mergers

As Nigerian Insurer’s race towards increasing their capital base before the June 2020 deadline set by the industry regulator, shareholders are seeking for an extension to the deadline. Meanwhile, Nigeria’s National Insurance Commission (NAICOM) has confirmed three mergers within the industry. Joshua Ojo, Partner at Deloitte Nigeria joins CNBC Africa to assess Nigeria’s insurance recapitalisation drive.

Nigeria to implement common reporting standard with OECD

Nigeria has committed to implementing the Common Reporting Standard which it earlier signed with the Organisation for Economic Co-operation and Development. The concept of the CRS was influenced by the United States' Foreign Account Tax Compliance Act. So how will the CRS change the tax reporting terrain in Nigeria? Taiwo Okunade, Partner, Tax and Regulatory Services at Deloitte Nigeria joins CNBC Africa for more.

How your business can stay ahead of cybersecurity issues

Securing data is an ongoing battle which needs proactive rather than reactive actions to stay ahead of the curve. This is according to Yemi Saka, Partner at Deloitte Nigeria. He spoke to CNBC Africa’s Wole Famurewa on the challenges of cybersecurity and the need for regulators to stay ahead when it comes to technology boom.