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Financial Literacy

Articles and analysis on Financial Literacy from a Nigerian perspective

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...
Naira

Difference Between Fixed Deposit and Treasury Bills

A Fixed Deposit is a type of short-term financial investments sold by banks to its depositors. A depositor invests in a fixed deposit when...
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...
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...
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...

Difference Between Interim Dividend and Final Dividend

Companies at the end of a reporting period may choose to declare dividends to its shareholders as part of the distribution of profits that...

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...

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 avoid taxes in Nigeria

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...
shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.

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...
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...

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...

Who pays for Value Added Tax and Withholding Tax?

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

How To Calculate Deduction For Employee Compensation Scheme

Last year the National Assembly replaced the Workmen's compensation act with the Employee Compensation Act (ECA). The ECA is an act that directs employers...
How To Get Back Unclaimed Dividends & Process e-dividends

How To Get Back Unclaimed Dividends & Process e-dividends

  As an investor in shares it is very likely that you may have come across incidences of unpaid dividends either due to the dividend...

How To Compute Capital Gains Tax In Nigeria – Beginners Guide

  What is Capital Gains Tax and How do I compute it? Capital Gains Tax is a tax on the profit obtained from a disposal or...

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...
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 ...
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...
Severance package

What you should not do when you just receive a severance package

Through the experiences of people who have squandered their severance packages and those who made very good use of it, we provide you a step by step guide.

How To Calculate Your Taxes In Nigeria

*NOTE: The article for the above post is now outdated following the 2011 amendment of the Personal Income Tax Law. Head to the links below...
CAR capital adequacy ratio

Meaning Of Capital Adequacy Ratio (CAR) As Defined By The Central Bank Of Nigeria

Capital Adequacy Ratio (CAR) is basically the proportion of the bank's tier 1& tier 2 equity (Qualifying capital or Equity) as a proportion of...
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...

A-Z Of Pioneer Status Incentives In Nigeria

Nigeria’s economy is growing rapidly. In recent times, there has been keen interest from the international sphere in its emerging markets. These days and...
Investment options for salary earners

Investment options for the salary earners

Since salary is assumed to be the only source of income for the salaried, it is advisable that such an individual fortify himself financially before investing.

Investment decisions that can ruin your savings

On this blog I preach a lot about investing. It is a habit everyone must inculcate and nurture as route to financial freedom. However,...

Difference Between WDAS & RDAS

The Central Bank recently introduced sweeping Foreign Exchange guidelines that is expected to eliminate or drastically reduce money laundering as we approach another election...
Businesses in Nigeria | Make money from a single product

How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.

Popular

shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
Businesses in Nigeria | Make money from a single product

How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.