BLOCKCHAIN APPLICABILITY IN NIGERIA: REGULATION AND POLICY INFORMATION

Posted on 9 April 202128 July 2021Categories Articles, BlockchainTags , , , , , , , , , , ,   Leave a comment on BLOCKCHAIN APPLICABILITY IN NIGERIA: REGULATION AND POLICY INFORMATION

By  Lucky Kiine Esq.  BACKGROUND With well over 160 companies accepting bitcoins for both offline and online transactions, the world over, it is easy to figure out the disruptive capability of the Blockchain technology. These companies include Microsoft, Overstock, Newegg, Purse.io, Namecheap, Hosterbox, Wikipedia, CheapAir, Gyft, BMW, ExpressVPN, AT&T, Etsy, Shopify, bitcoin.travel, NordVPN, Rakuten, Egifter to name a few. The big tech companies have not only embraced bitcoin, they are now advocating for its general acceptability through their various platforms and services … Continue reading “BLOCKCHAIN APPLICABILITY IN NIGERIA: REGULATION AND POLICY INFORMATION”

IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES

Posted on 18 April 202028 July 2021Categories Business, Entrepreneurship, Legal Advisor, Startup, TaxationTags , , , , , 1 Comment on IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES

By Lucky Kiine Esq. In October 2019, the Finance Bill was presented before a joint session of the National Assembly for reading. After a public hearing held in November of the same year, the House of Representatives and the Senate passed the Bill, which was then assented to by the President in January 2020. The Act introduces a significant amendment to the Companies Income Tax Act (CITA), Personal Income Tax Act (PITA), Capital Gains Tax Act (CGTA), Custom and Excise … Continue reading “IMPACT OF THE FINANCE ACT 2019 ON STARTUPS AND BUSINESSES”