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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...
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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...

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...

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...

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

  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 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...

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 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...
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...

Difference Between A Pension Fund Administrator (Pfa) And A Pension Fund Custodian (Pfc)

  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...

Who pays for Value Added Tax and Withholding Tax?

Let's explain this once and for all.

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 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 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...

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...
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.

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 ...

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...

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...

Meaning Of Capital Adequacy Ratio 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...

Explained: What is a HMO?

An HMOis an acronym for a "Health Maintenance Organisation" in Nigeria. They are companies mandated solely to manage the provision of health care services...

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 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...
business of insurance - nairametrics

Beginners Guide – How Insurance Companies Make Money In Nigeria

Insurance Companies in Nigeria and around the world operate in the financial services sector. The business of insurance involves the insurance company guaranteeing replacement...
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This is the best Mutual Fund in Nigeria this year so far

Data from the Security and Exchange Commission (SEC) says there are 73 Mutual Funds in the country as at March 29, 2018. The Mutual Funds...

What Is Zero Rated Vat in Nigeria?

Summary VAT is a consumption tax levied at 5% on the supply of goods and services. You can claim VAT by deducting your Input Vat from...
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