ConCourt judgment in Capitec vs SARS clarifies important VAT principles

The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.

Nigeria – APC wins Osun governor's election

Rauf Aregbesola of the opposition All Progressives Congress (APC) has won re-election as governor of Osun State in the south-west. Mr Aregbesola won over 56% of the almost 700,000 votes cast in the […]

Nigeria – Monetary policy instruments left unchanged

The first Monetary Policy Committee (MPC) meeting led by the new governor, Godwin Emefiele, was held on July 22. As at the May MPC meeting of the Central Bank of Nigeria (CBN), all […]

Nigeria – Boko Haram strikes in Jos

Yet another presumed Boko Haram terror attack took place on Tuesday, May 20, killing at least 188 people in Jos. The attack took the form of a double car bomb attack at Terminus […]

Nigeria – GDP nearly doubles following rebasing

Nigeria now has the largest economy on the continent following the release of much-anticipated preliminary rebased GDP statistics. The previous base year of 1990 has become outdated due to changes in the structure […]

Nigeria – Shake-up in the military about politics, not a coup

On Thursday, January 16, President Goodluck Jonathan sacked his high command and brought in fresh blood. The president was spurred by infighting among his military commanders that hindered the fight against Boko Haram […]

Nigeria – Real GDP growth rises in Q3

Nigeria’s real GDP growth improved in the third quarter on the back of higher oil production as well as an increase in non-oil GDP growth. Real GDP at factor cost expanded by 6.81% […]