Value Added Tax (VAT) in Nigeria Value-added tax (VAT) in Nigeria is set at a standard rate of 7.5%, which was increased from 5% on February 1, 2020. Certain items are zero-rated under VAT regulations, such as goods and services bought by diplomats and those acquired for use in humanitarian donor-funded projects. Exempt from VAT […]
Value Added Tax (VAT) Read More »
Personal Income Tax (PIT) in Nigeria Personal Income Tax (PIT) is a levy imposed on individuals’ income based on predetermined rates set forth by relevant legislation, such as the PIT Act 2011 (as amended) in Nigeria. Essentially, PIT represents a portion of an individual’s earnings, encompassing salary, business profits, property income, or investment returns, which
Personal Income Tax Read More »
Corporate Income Tax in Nigeria The regulation governing Corporate Income Tax (CIT) is stipulated in the Companies Income Tax Act (CITA), under Cap C21, LFN 2004, with subsequent amendments. CIT is a levy imposed on a company’s profits garnered from all sources. The prescribed tax rate stands at 30% of the total profits of a
Corporate Income Tax Read More »
This strategic framework visualizes how prospects move through distinct stages, with each level representing fewer but more qualified potential customers. A marketing funnel is a multi-stage process that guides potential customers from first learning about a product to making a purchase. Marketing teams often use the AIDA model, which stands for Awareness, Interest, Desire, and
The Marketing Funnel: What It Is, How It Works, & How to Create One Read More »
Containing the incident requires isolating affected systems, closing entry points, and deploying security patches to halt further data exposure. These attackers often leverage social engineering techniques to create a sense of urgency or fear, compelling individuals to act impulsively without verifying the authenticity of the request. Approximately 17% of organizations across every industry vertical openly
Breach Notification and Incident Reporting Office of Information Technology Services Read More »