Financial Literacy

Articles and analysis on Financial Literacy from a Nigerian perspective

Common Ways Of Defending A Takeover Of Your Company

  Ok, I imagine as a small business you probably haven't faced a hostile take over of your company by a rival or an interested...

Wrist Watches As An Investment Option? N3Million Wrist Watch Worth 30% More In A...

I thought this was a remarkable piece if reporting from Buisnessday Nigeria. They report Nigerians are increasingly investing in Wrist Watches, just like you...

10 Typical Pre Qualification Documents Required for Tenders, RFP and LPO’s in Nigeria

Most Request For Proposals (RFP) and Tenders by Government and Private Enterprises typically ask for a set of documents from interested applicants. Whilst some...

This is how Nigeria determines its inflation rate

Every month we hear news about new inflation rate or data but have you ever wondered how it is calculated? I did and decided...

How to Interview the person hiring you

I thought this was a great article and written by Rajat Taneja, the Executive Vice President and Chief Technology officer at Electronic Arts, makers...

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...

WHY “GET MY MONEY BACK” MAKES LITTLE SENSE

  Johnny had a brilliant business idea and decided to perform a personal feasibility study. On conclusion, he figured if he invested N5million in the...
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...
Nigerian stock exchange - nairametrics

Beginners Guide To Investing In The Nigerian Stock Exchange

I got a call from my friend Nneka asking me how to invest in stock exchange and what it is all about. I tried...

How To Kill A Business….Quickly

  Back in school one of my favorite topics was the M&M theory. The theorem states that, "under a certain market price process (the classical random walk),...

Meaning Of Franked Investment Income

  SEC "Investment income on which tax has already been paid (usually deducted at source) and thus exempted from additional tax by the investor. Income...

Nigeria: Meaning Of A Commercial Paper, Bankers Acceptance

  The Central Bank defines a Commercial Paper (CP) as an unconditional promise by a person to pay to the order of another person a...

The Power Of Compounding Interest In Making Investment Decisions

In school we were taught simple interest as being Principal, Rate multiplied by Time divided by 100. Compound Interest on the other hand has...

How To Use Return On Assets As A Great Investment Tool

Return on Assets by simple definition is the ratio of a company's Net Income to its total assets. Return on Assets =      Operating...
How to avoid taxes in Nigeria

Should I Pay Vat On Rent And When I Acquire A Property

Case Examples Mike recently "sold a piece of Land" he inherited from his father for ₦20M. On filing his taxes he was asked to remit...
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...

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 Nigerian Stock Exchange Indexes Are Calculated

  The Nigerian bourse began publishing The NSE 30 Index in February 2009with index values available from January 1, 2007. On July 1, 2008, the...

How To Value Your Business Using Ebitda Multiple

Supposing you own a business that you have nurtured for years and finally now decided it was time to sell it or have some...

Taxation For Nigerian Musicians…..A Simple Guide

  In this blogpost we are going to get specific and take you through how taxation affects musicians and how best to avoid/reduce taxes. Remember...
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...

What is B.O.J (Best of Judgement Assessment) in Nigerian Tax?

A B.O.J otherwise known as a Best of Judgement Assessment is a tax assessment procedure conducted by Tax Authorities on the accounts of a company. It...

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...

Why Interest cannot be paid on an unpaid debt?

I came across an interesting Legal report on Interest Charged in Simple Contract Claims which explains that there is a huge difference between Interest...

Deduct Withholding Taxes from invoices? This is who you pay to

Ok! I know I have been blogging so much about tax lately but then I believe its an area of life that is as...

How to negotiate out of a bad loan

Every now and then I meet people howling about their debt burden and how it's making life difficult for them. Some of the loans...

What to do with all the withholding tax deducted from your invoice!!!

Withholding Tax is often  viewed erroneously as a separate form of tax. Withholding tax is basically an advance payment of  income tax, rather than a separate form...

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...

“I Need A Car Loan” (How To Get A Car Loan In Nigeria)

Mike: Hi Ugo I need a car loan how do i get one? Ugo: Getting a car loan in Nigeria is not that difficult...

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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.