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Financial Literacy

Articles and analysis on Financial Literacy from a Nigerian perspective

Loom Money Africa

Before you get ‘Loomified’, beware of the latest ponzi scheme in town

Following the launch of Loom, Nigerians have thrown caution to the wind as they rush to partake, forgetting the recent the drama accompanied the collapse of MMM.
sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms

How To Invest In The Nigerian Stock Exchange

Exclusive article on how to invest in stock exchange for beginners.
financial security

If you’re in your 20s & 30s, here are some ideal investments

It struck me that I have peers who are struggling and confused about how and what to invest in while young, in order to ensure financial security at old age. So, I wrote this article...

What You Need To Know About Value Added Tax (VAT) In Nigeria

  VAT is a tax on the supply of goods and services which is eventually borne by the final consumer but collected at each stage...
treasury bills - fixed income

Difference Between Fixed Deposit and Treasury Bills

Difference Between Fixed Deposit and Treasury Bills #TreasuryBill #Money #Deposit
mutual funds

A guide to how Mutual Funds work in Nigeria

This article breakdown investing in Mutual Funds in Nigeria. What is a Mutual Fund? A mutual fund can be defined is an entity that pools...
Tax - Expenses Allowable For Deduction From Profit In Nigeria

Tax – Expenses Allowable For Deduction From Profit In Nigeria

  Companies in Nigeria are statutorily required to pay 30% of their taxable profit as company income tax. However, before that tax is paid the tax...
What is capital allowance

What is Capital Allowance?

Capital Allowance is a claim against Assessable Profits by companies when computing their tax liabilities. It is only calculated when a company is computing its...
CBN Gov Godiwn Emefiele

Investing in Nigeria’s FGN Bonds Explained

This articles explains what an FGN Bond is and how you can invest in one. What is a Bond? A bond is a contract between a...
Avoid paying taxes

How to obtain an Income Tax Clearance Certificate for your company

In this article I am going to take you through a practical way of obtaining a tax clearance certificate from the Federal Inland Revenue...
How to earn extra income

Here are 10 ways you can earn an extra N50,000 every month

Many of us find ourselves struggling to augment our monthly regular take homes. What if there are other things we could do to earn extra incomes?
interim dividend, final dividend

Difference Between Interim Dividend and Final Dividend

Difference Between Interim Dividend and Final Dividend
How to avoid taxes in Nigeria - Tax remittances

How To Calculate Vat Remittances In Nigeria

Value Added Tax is an indirect form of taxation that is based on the consumption pattern of individuals and companies. In Nigeria VAT is...
Who pays for VAT and WHT

Who pays for Value Added Tax and Withholding Tax?

Let's explain this once and for all.
Ponzi Scheme

How to Know If It’s A Ponzi Scheme

If it is too good to be true then it really isn't true!

How To Calculate Cost To Income Ratio?

  I am sure some of us who bother reading financial statement of banks may have come in touch with the phrase "Cost To Income...
How To Get Back Unclaimed Dividends & Process e-dividends

How To Get Back Unclaimed Dividends & Process e-dividends

How To Get Back Unclaimed Dividends & Process e-dividends

What is C.O.T?

C.O.T is a commonly used abbreviation for Commission on Turnover. It is a charge levied on customer withdrawals by their banks. C.O.T charges are...
Naira currency

If you have N1m today, how would you invest it?

21-year old Ade, was gifted N1m by his rich aunty. He wants to save this to fund his wedding in 10 years. How should he deploy this fund? Find out via the link below...
Tax Waivers for startups - Emotional intelligence

How to calculate deduction for employee compensation scheme

Just some years ago, the National Assembly replaced the Workmen's compensation act with the Employee Compensation Act (ECA).
Pension funds

Difference Between A Pension Fund Administrator And A Pension Fund Custodian

  PENSION FUND ADMINISTRATORS A Pension Fund Administrators in Nigeria are licensed to manage Pension Fund Assets on behalf of pension fund contributors. According to the...
reducing expenses

Beginners’ Guide: How to compute capital gains tax in Nigeria

Capital Gains Tax is a tax on the profit obtained from disposal or exchange of certain kinds of assets. In Nigeria, Capital Gains tax is 10% of the profits from the sale of the qualifying assets.
Delist a company

How to invest in the Nigerian Stock Exchange

How to invest in the Nigerian Stock Exchange
Avoid paying taxes

How to avoid paying excessive taxes in Nigeria

Taxes are statutory obligations of every citizen and businesses in a country. It is thus a major factor in determining how much income you...
What is a HMO

Explained: What is an HMO?

An HMO is an acronym for a "Health Maintenance Organisation" in Nigeria. They are companies mandated solely to manage the provision of health care...
How young Nigerians invest

Exclusive: A look at how young Nigerians invest their money nowadays 

As his phone finally buzzed with the notification of his salary payment, John pondered whether to stick to his investment plans or cheat for the last time. 
Investment options for salary earners - bank loan

Investment options for salary earners

Investment options for the salary earners #Investing #Entrepreneurs #Investment #Salary #Wages
Pension

Guide to Nigerian Pension Fund Contribution

This article explains what you need to know about Nigerian Pension Fund Contribution. It addresses; How much to contribute ...
i-invest nairametrics, Treasury bills

What You Should Know About i-invest, the First Treasury Bills App In West Africa

Nairametrics has received a whole lot of mails pertaining to Sterling Bank's I-invest app.

How To Get A Tax Identification Number (TIN) – Nigeria

I have been approached by some people looking to get a TIN for the companies. Thankfully, the Joint Tax Board has released ads detailing...
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FBI Obinwanne Okeke

FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
FBI's arrest of Invictus' Obinwanne Okeke stirs controversy

FRAUD: FBI’s arrest of Invictus Group’s Okeke stirs controversy

The FBI's arrest of Forbes-celebrated Invictus Group CEO, Obinwanne Okeke, has stirred controversy in the media space.
filling-station-DPR

DPR goes hard on oil marketers

Eight illegal filing stations operating in Uyo, Akwa Ibom capital have been completely sealed off by the Department of Petroleum Resources (DPR) for failing to renew their licenses.