Financial Literacy

Articles and analysis on Financial Literacy from a Nigerian perspective

Simple And Quick Way To Calculate Bonus Shares In Nigeria

A bonus issue is usually reported as X nos of Shares for every Y nos of shares held. However, it can be confusing sometimes...
Dividend Warrant

Definition: What Is A Bonus Issue In Nigeria

  If you own shares in publicly quoted companies, then it is most likely that you may have been issued bonus shares before. By definition...

The Good And Bad Of “Kobo” Stocks

Someone once told me he was buying a particular stock in droves because he thought the shares was so cheap the share price couldn't...

Approved Markets and Instruments/Investments For PFA’s To Invest Your Pension Fund Assets In Nigeria

  The Pension Fund Administrators are periodically issued guidelines stipulating where, when and how they can invest pension fund assets. These guidelines and regulations are...

Why Now Is The Best Time To Invest In The Money Market

Did you know the Nigerian economy today is even more favourable to savers than to borrowers and spenders. This is also not a regular...

How Investing Bonds And TB’s Can Turn You Into A Millionaire

  Lately I have received emails from my readers requesting that I suggest for them stocks which they can buy. Most of them are looking...

The Stock Market Is Like A Gadget Shop And Why Investment Forums Are Like...

  In a Gadget shop you see lots of innovating products and design that endear you. Despite their beauty and usefulness some of the products...
How to avoid taxes in Nigeria - Tax remittances

How Cost Of Sale Can Increase or Reduce Your Vat Remittances

I have issued a tutorial on this blog on how to calculate vat in Nigeria. Whilst that was the principle behind the calculation of...
Revenues

Why Revenues Are Sometimes More Important Than Profits

  There are times in business when it is actually more important to look at revenues and not profit. Whilst profitability is important in determining...

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...

How To Say “No” Diplomatically

Do you have trouble saying “No”? Many women and men are traditionally taught to avoid saying “no”, especially when facing authority figures. Some of...

Take Note: Importance Of Third party Auto Insurance

In Nigeria, third party auto insurance policy is compulsory because it protects car owners from losses caused by their cars on other people. Third party...

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...

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...

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...

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 avoid taxes in Nigeria - Tax remittances

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 - 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...

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...
Revenues

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...
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Meet Chinedu Echeruo, whose company was bought by Apple for $1bn

Meet Chinedu Echeruo, whose company was bought by Apple for $1 billion

Amidst the heated controversy that surrounds the FBI list of fraudulent Nigerians, Chinedu Echeruo has been identified as one of the many Nigerians who are doing the country proud.
FG warns banks, others

FG to sanction banks, oil companies, as employment opportunity becomes family affair

The Federal Government has warned Deposit Money Banks, other financial institutions and oil companies against unjust termination of workers' contracts.
Investing

If this doesn’t encourage you to start investing today, nothing ever will!

Indeed, your savings are being stolen! And not only should this worry you, it should also spur you to start investing today.