FG Approves Tax Reliefs, Incentives for Start-Ups     The Federal Executive Council approved a plan to incentivise and further harness Nigeria's digital innovation and entrepreneurship ecosystem, during its meeting on 18th May, 2022. This followed the presentation of a memo by the Honourable Minister of Communications and...

NIPC Grants Tax Relief To 17 Firms       The Nigeria Investment Promotion Commission (NIPC) has granted Pioneer Status Incentive (PSI) to 17 companies with a total capital investment of N99.45 billion in the first quarter of 2021. NIPC’s Head of Incentives Administration Division, Uchenna Okonkwo, who stated...

FG Denies Dangote, 14 Others Tax Relief   The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial Development Income Tax Act. The pioneer status is an incentive from the Federal Government which exempts companies from income tax. It...