The importance of writing professional exams cannot be over emphasized in a highly competitive job market. It is an industry requirement one must identify with in order to open newer avenues and to ensure steady growth in one’s career. Individuals with higher credentials are always well-regarded in the corporate domain...
Here are questions and answers from our Everyday Money Matters radio show held yesterday. Everyday Money Matters holds every Wednesday from 7.30am-8.00am on Lagos Talks 91.3 FM. Question: Ayo just got a job as a salesman for a company that sells solar inverters. He wants to know if it has...
Stamp Duties are taxes paid to the Federal or State Government on documents such as Conveyances on sale, Bills of Exchange, Promissory notes, Agreements, Contracts, or even documents such as Letters and certificates of admission, Instruments of Apprenticeship, Insurance Policies etc. Any written document that is not stamped is not...
The National Bureau of Statistics announced on Tuesday that Nigeria has now exited from recession. This is after a real GDP growth rate of 0.5% in the second quarter of 2017. In this article, we will attempt to explain what this means to you as an ordinary Nigerian. What is...
The need for internal controls in exercise of compliance with the codes of good corporate governance cannot be over emphasized as one integral aspect of these controls is financial oversight. It is pertinent however, to determine reasons for audit engagement before involving in one as there are various types and...
Definition Mark-to-market is defined as an accounting tool used to record the value of an asset with respect to its current market price – The market price refers to the price at which the asset is trading at in a public exchange. The MTM can change the value on either side...
Everyday Money Matters is live on @lagostalks913 every Wednesday between 7.30am. On the show, we give answers to questions from our listeners and those sent to us. Here are the questions we treated in today's edition. Question Tolu wants to know if SwissGolden is a ponzi scheme Answer There is a red flag on...
Shareholders of Unic Insurance Plc are officially beneficial owners of a new company named Unic Diversified Holdings Ltd. This was made known via a press release issued published in the website of the Nigerian Stock Exchange by Unic. Here is an excerpt of the press release Unic Diversified Holdings Plc is...
As a retail investor, there are times where you will have to rely to financial advice or tips to decide whether to buy, sell or hold a stock. Knowing which advice is in your best interest is critical to helping you make the right decision. This is even made more...
For those new to investing, the terms value stocks and growth stocks are what you will hear every other day as you decide what stock to buy, sell or hold. Stocks, just like most investments are thrown into buckets to enable investors understand the peculiarity of each asset and decide...
The Joint Tax Board (JTB) recently issued a public notice (the Notice) on the perceived abuse of voluntary pension contribution (VPC) scheme by employees as a means of avoiding personal income tax. This Notice is intended to address the seeming ambiguity created by Section 10(4) of the Pension Reforms Act...
The Lagos State Internal Revenue Service (LIRS) recently issued a public notice to all employers, company owners and their representatives, employees, high net worth individuals and other members of the public to clarify the definition of reasonable removal expenses for the purpose of tax exemption. LIRS cited Section 4(3)(c)...
Civil servants waking up on Wednesday morning will have been surprised at a new term being flung around in news media and accredited to the Vice President, Yemi Osinbajo. The term is ‘selective minimum wage increase’. According to a transcript of Osinbajo’s speech during a session titled, ‘Conversation with...
The Nigerian Stock market has returned over 35% year to date and is the toast of both foreign and local investors. In a bullish market, virtually all stocks increase in price, even those without fundamentals.  Investors should choose shares they buy wisely and experts have often suggested that one...
Asia’s richest man, Jack Ma (founder and Executive Chairman of Alibaba Group), recently paid a 2 day visit to Kenya and Rwanda on his maiden visit to Africa. He came in the company of his 38 billionaire friends from Beijing, looking to fund smart and innovative African entrepreneurs. Here are...
The Central Bank of Nigeria CBN's Monetary Poly Committee meeting (MPC) was concluded on Tuesday with the decision to hold  the policy rates. According to the communique released by the CBN, the Committee, in consideration of the underlying fundamentals of both global and domestic economy decided to retain the MPR...
This article is written to help explain the confusion that arises with the characterization of inflation rate as a rise of fall. Whenever the National Bureau of Statistics releases its headline inflation rate news outlets often report it in ways that confuse the message to the ordinary Nigerian. For example,...
The Fork in simple 'English' is a technical term used to describe an option to choose between an update to the application code that users and operators of bitcoin machines use in mining bitcoin. The option is usually between sticking with the old application code or switching to the...
In fixed income markets, traders think of bonds in terms of clean and dirty prices, and this is how bond prices are quoted. Clean Price Clean Price of a Bond is the present value of the bond’s future cashflows minus the interest earned on the bond between the last payment date...
For prospective business owners, opening a bank account for the entity is a foregone conclusion. While different banks have slightly different procedures for opening a corporate account, the basic requirements still remain the same across board. This is a list of compulsory documents you’ll need. Board Resolution: All banks...
A couple of noteworthy events of economic or business relevance occurred during the 1st half of this year. We believe that they are noteworthy because they have been vital in determining the economic direction of the country, may play a significant role in where the country ends up at...
Ride sharing app, Uber in the midst of the controversy surrounding the company has revealed its updated guidelines for both users and drivers. Here are some reasons why you could lose access to Uber as a rider and what each could mean: Damaging drivers’ or other passengers’ property:  For example, damaging...
Emerging Markets An emerging market economy is a nation’s economy that is investing in more productive capacity and are progressing toward becoming advanced, as shown by some liquidity in local debt and equity markets, and the existence of some form of market exchange and regulatory body. Some emerging markets have some...
The tough economic situation in the country has impacted on the private sector so much that laying people off is now so common that it could form a section in many newspapers. The chances of getting new jobs are becoming very slim as many of these companies are packing...
  Often times, we wonder what the Monetary Policy Committee (MPC) does, who makes up the committee, and how the outcome of its quarterly economic review meetings affect you. We will address these questions in this short article. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is...
For cryptocurrency investors and traders, August 1 is a date they have kept  marked in their diaries. August 1 is the date that has been chosen for a change in the way data blocks are “stacked” in the block chain. One of two things could happen. The first option...
In a sign that the Nigerian Stock Exchange (NSE) is waking up from its slumber, it on Friday issued a notice suspending trading in the shares of 17 companies for non submission of their results. It claims the suspension is in line with its guidelines which gives it the powers...
The National Bureau of Statistics released its 2016 third quarter unemployment rate revealing that Nigeria's unemployment rate was 13.9% up from 13.3% in the second quarter of 2016. This is now the highest unemployment rate on record since the bureau began publishing this data in 2010. Data Source