Financial Literacy

Articles and analysis on Financial Literacy from a Nigerian perspective

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?

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 theĀ 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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