Lagos Office
Plot 8A, Ajumobi Olorunoje Street, Off Acme Road, By First Bank Agidingbi, Ikeja Lagos State, Nigeria.
Abuja Liaison Office
Suite 317, Lozumba Complex, Area 10, Garki, Abuja
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About Us
The firm was established in 1992 and has continued to provide qualitative value added services to its diverse, ever growing clientele in different sectors of the economy. The firm is endowed with highly competent and experienced professionals with a wide exposure to all aspects of accounting, financial management and general business administration.
About UsContact Info
- Plot 8A, Ajumobi Olorunoje Street, Off Acme Road, Ikeja, Lagos State, Nigeria.
- +234 80 9622 7865, 0916 901 9711
- info@gbc-consult.com
Archive for admin
FG Abolishes 5% Telecom Tax on Voice & Data Services — A Detailed Explainer
Editor’s Note: This article was originally written on September 18, 2025 and is being republished here for archival purposes. What happened The Federal Government of Nigeria has completely removed the 5% excise duty on telecommunications services (voice calls and data) that was previously enshrined in the law but suspended. The removal was made official in […]
Customs Begins Enforcement of 4% FOB Levy Amid Continued 7% Surcharge at Ports
Editor’s Note: This article was originally written on August 27, 2025 and is being republished here for archival purposes. Introduction On Monday, August 4, 2025, the Nigeria Customs Service (NCS) officially began collecting the 4% Free On Board (FOB) levy on imported goods at seaports, marking a significant fiscal policy shift in import duty collection. […]
Discontinuation of Issuance of Tax Exemption Certificates: Implications for Nigerian Businesses
Editor’s Note: This article was originally written on August 6, 2025 and is being republished here for archival purposes. Introduction In a significant policy shift, the Federal Government of Nigeria, through the Federal Inland Revenue Service (FIRS), has announced the discontinuation of the issuance of Tax Exemption Certificates (TECs). This move has generated widespread interest […]
CAC to Delist 100,000 Dormant Companies: What This Means for Nigerian Businesses
Editor’s Note: This article was originally written on August 1, 2025 and is being republished here for archival purposes. The Corporate Affairs Commission (CAC) of Nigeria recently announced its decision to delist approximately 100,000 dormant companies from its register. This move carries significant implications for corporate governance, financial transparency, and business sustainability in the country […]
PRESIDENT TINUBU SETS FIRST QUARTER 2026 DEADLINE FOR NATIONAL SINGLE WINDOW TAKE-OFF
Editor’s Note: This article was originally written on July 23, 2025 and is being republished here for archival purposes. President Bola Ahmed Tinubu has set an ambitious but achievable target for the full implementation of Nigeria’s National Single Window (NSW) platform by the first quarter of 2026. This directive, issued during the fifth meeting of […]
The Nigeria Tax Administration Act (NTAA), 2025: A New Dawn for Fiscal Discipline and Tax Governance.
Editor’s Note: This article was originally written on July 10, 2025 and is being republished here for archival purposes. Synopsis The Nigeria Tax Administration Act (NTAA), 2025 marks a major reform aimed at modernizing and unifying tax administration across federal, state, and local levels. It introduces a centralized digital tax system, enhances enforcement powers, and […]
NAIRA APPRECIATES ACROSS OFFICIAL, PARALLEL MARKET
Editor’s Note: This article was originally written on June 6, 2025 and is being republished here for archival purposes. The strengthened naira may make Nigerian assets more attractive to foreign investors. However, potential volatility necessitates a cautious approach, with a focus on sectors poised for growth. The Nigerian naira’s recent appreciation across both official and […]
WORLD BANK PRESSURES NIGERIA FOR FRESH TAX HIKE AMID ECONOMIC REFORM
Editor’s Note: This article was originally written on June 2, 2025 and is being republished here for archival purposes. These proposed tax hikes have not gone unchallenged. Civil society groups and political leaders have voiced concerns that the policies are being driven by external pressures, not local economic realities. In a bid to stabilize its […]
CAC ISSUES 6-WEEK ULTIMATUM FOR BUSINESS REGISTRATION COMPLIANCE IN NIGERIA
Editor’s Note: This article was originally written on May 2, 2025 and is being republished here for archival purposes. In a decisive move to enforce corporate regulation, the Corporate Affairs Commission (CAC) of Nigeria has issued a six-week ultimatum to all businesses operating in the country to comply with the provisions of the Companies and […]
NEITI UNCOVERS TRILLIONS IN UNPAID OIL REVENUES: $4.85BN RECOVERED, BUT OVER $6BN STILL OUTSTANDING AMID 2025 BUDGET PRESSURE
NEITI urges swift action as unpaid liabilities from oil and gas companies exceed critical national sector budgets and threaten Nigeria’s fiscal stability. Editor’s Note: This article was originally written on May 2, 2025 and is being republished here for archival purposes. In a powerful and urgent call to action, the Nigeria Extractive Industries Transparency Initiative (NEITI) […]