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Financial Literacy

Articles and analysis on Financial Literacy from a Nigerian perspective

To become a millionaire, here are some net worth benchmarks to set

To become a millionaire, set these benchmarks

Many work hard their entire life and never get the chance to enjoy much. Some retire with a meagre pension that sometimes is denied them.
Investment options for salary earners - bank loan

Investment options for salary earners

Investment options for the salary earners #Investing #Entrepreneurs #Investment #Salary #Wages
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.
financial security, Financing for Small Business, Financing for Small Business, Why having a growth plan is important for your business, Here’s how to SWOT your way to competitive advantage, Reasons your business might be struggling even when you’re making profits, How to choose the right co-founder for your startup, What to do now that ‘Detty December’ has emptied your bank account , Gross Profit vs. Net Profit: What every entrepreneur should know

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...
Nigerian Stock Exchange, sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms

BEGINNERS: How To Invest In The Nigerian Stock Exchange

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

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...
mutual funds

A guide to how Mutual Funds work in Nigeria

A guide to how Mutual Funds work in Nigeria
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?
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...
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...
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...
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...
interest rates, investment bias, What to do when interest rates are low

What to do when interest rates are low in 2020

It is no longer news that interest rates are falling across all tenors in Nigeria and the world over. Some countries in the West are already seeing negative interest rates. Yield hungry investors and retirees who depend on interest yields on their retirement accounts are scratching their heads thinking of what to do. So, with interest rates heading south, what should you do?
Annual results, Delist a company,annual results, annual, results, nse

How to invest in the Nigerian Stock Exchange

How to invest in the Nigerian Stock Exchange
Is there a legitimate Nigerian business that can guarantee 5-10% monthly interest?

Is there a legitimate Nigerian business that can guarantee 5-10% monthly interest?

Is there really a legitimate business that can guarantee investors 5-10% monthly return on investment?
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
Nigeria VAT

Who pays for Value Added Tax and Withholding Tax?

Let's explain this once and for all.
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...
interim dividend, final dividend

Difference Between Interim Dividend and Final Dividend

Difference Between Interim Dividend and Final Dividend
bad, loans, steps, negotiate, 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).
Mutual Funds, Mutual Fund gone bad: Nigerian investor discloses his 10 years investment that nosedived , Nigeria’s mutual fund asset value reaches N1 Trillion

Mutual Fund: Nigerian investor discloses his 10 years investment that nosedived 

Before you invest in a Mutual Fund, you need to read the experience of a Nigerian Researcher, Solomon Udoh, so you won’t get your fingers burnt.

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...

Avoid stocks, experts list business ideas for 2020 

Nigerian entrepreneurs have been advised to consider viable businesses that will require little to zero capital to start.

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...
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!
reducing expenses, money, save

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

Beginners' Guide: How to compute capital gains tax in Nigeria
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...
Pension Funds Performance

This is why retirement pension savers should be worried in 2020

Nigeria’s pension fund investors and pension savers should be afraid and worried in 2020.
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...
Treasury Bill Investment: Ghana Vs Nigeria, Further rate decline expected as N405 billion worth of treasury bills mature , CBN’s N225.45 billion T-bills auction records oversubscription, as rate fall below 5% 

Treasury Bill Investment: Ghana Vs Nigeria

Treasury bills are a form of IOUs issued by the governments of various countries aimed at monetary regulations and budgetary financing.