CATEGORY: FINANCIAL LITERACY

FHC Ruling On ₦50 Stamp Duty On Bank Deposits Explained

FHC Ruling On ₦50 Stamp Duty On Bank Deposits Explained

Deloitte| A Federal High Court (FHC) on 13 March 2017, delivered a judgment on the validity of the circular issued by Central Bank of...


Analysis: Are Expenses Incurred Outside Nigeria Tax Deductible?

Analysis: Are Expenses Incurred Outside Nigeria Tax Deductible?

Tax Deductibility Of Expenses Incurred Outside Nigeria: Are Days Of Arbitrary Awards Over? The increased pace of globalisation has not left Nigeria and Nigerian...


Accounting For VAT in Nigeria – Cash or Accrual Basis?

Accounting For VAT in Nigeria – Cash or Accrual Basis?

The Value Added Tax Act (VATA or the Law), 2007 governs the administration of VAT in Nigeria. VAT is levied at each stage of...



NDIC Calls Bitcoins, Block Chain “Ponzi Schemes”

NDIC Calls Bitcoins, Block Chain “Ponzi Schemes”

Nairametrics| The Nigeria Deposit Insurance Corporation, NDIC, has cautioned Nigerians against investing their hard earned funds in certain cooperative contributory schemes that had gone...


What You Need To Know About The New FGN Savings Bond

What You Need To Know About The New FGN Savings Bond

Nairametrics| The Debt Management Office of Nigeria launched a new retail investment program called the FGN Savings Bonds. In this article, Nairametrics will explain...


A CBN Director Has Explained Why They Can’t Regulate Bitcoins

A CBN Director Has Explained Why They Can’t Regulate Bitcoins

Having second...


Sucessful Entrepreneurs Say These 9 Tips Are Critical To Starting A Great Business

Sucessful Entrepreneurs Say These 9 Tips Are Critical To Starting A Great Business

Nairametrics| Starting a small business in this recession may seem suicidal but like a popular American President once said, never let a bad situation...


Now That Dollar Is Above N500/$1, Here Are 5 Things You Can Still Do by @Ugodre

Now That Dollar Is Above N500/$1, Here Are 5 Things You Can Still Do by @Ugodre

There comes a time when you just have to do what is required for the...


EFCC Tweets Out Warning Against Cryptocurrency

EFCC Tweets Out Warning Against Cryptocurrency

In a tweet from its verified twitter handle, the Economic And Financial Crimes Commission (EFCC) has warned members of the public against transacting in...


A Review Of Nigerian Bitcoin Exchanges, Nairaex And Naira4dollar

A Review Of Nigerian Bitcoin Exchanges, Nairaex And Naira4dollar

While the Securities and Exchange Commission (SEC) as well as the Central Bank of Nigeria (CBN) have sounded notes of caution, they have not...


Salary Earner? How To Calculate Your Taxes Using The New PAYE

Salary Earner? How To Calculate Your Taxes Using The New PAYE

We include a spreadsheet template that can easily help calculate your...


Gyrations Galore As Bitcoins Prices Fall Below $1k on Thursday

Gyrations Galore As Bitcoins Prices Fall Below $1k on Thursday

Bitcoin price fell 14% on Thursday to about $970 as the Cryptocurrency fell to the gyrations of market volatility. According to reports, the price...


Bitcoins Surge Past $1k, Post 124% Return in 2016

Bitcoins Surge Past $1k, Post 124% Return in 2016

Nairametrics| Bitcoins on Monday January 2 surged passed the $1k mark making it one of the best performing asset class for the year. Bitcoins...


6 Key Areas Technology Can Help Nigerian SME’s Reduce Cost

6 Key Areas Technology Can Help Nigerian SME’s Reduce Cost

18 months ago, in June 2015, whilst the rest of the country was still caught up in the euphoria of a newly elected government,...


A Little Bit More about Bitcoins For Nigerians

A Little Bit More about Bitcoins For Nigerians

More into the world of...


How I Got Introduced Into Bitcoins

How I Got Introduced Into Bitcoins

An introduction to...


6 Key Clarifications On The FIRS Tax Amnesty Program (Updated)

6 Key Clarifications On The FIRS Tax Amnesty Program (Updated)

New Update Subsequent to our recent tax alert on the ongoing tax amnesty, we have received further update from the FIRS regarding eligibility for the waiver....


How To Cut Your Losses in a Bearish Market

How To Cut Your Losses in a Bearish Market

The equities market has been in doldrums since FY 2014, the NSE All Share Index (ASI) has lost 50% from 1st January 2014 till...


What are Investment Unit Trusts?

What are Investment Unit Trusts?

And it is supported in Nigeria as...


5 Ways Having A Co-founder Can Improve Your Startup

5 Ways Having A Co-founder Can Improve Your Startup

  Being an entrepreneur is very hard. Having a co-founder(s) could be one of the most important decisions you will make in your business...


Key Differences Between An Angel Investor And A Venture Capitalist

Key Differences Between An Angel Investor And A Venture Capitalist

A Venture Capitalist (VC) is a professional money manager who gets paid to invest the funds of others, typically institutions. VCs are professional investors...


FIRS Grants 45 days Amnesty To Tax Payers; Here Is What You Need To Know

FIRS Grants 45 days Amnesty To Tax Payers; Here Is What You Need To Know

Every "good thing" has a time...


The CEO OF a $1.2m Nigerian Company Has 17 Pieces of Advice for Startup Founders

The CEO OF a $1.2m Nigerian Company Has 17 Pieces of Advice for Startup Founders

Mark Essien, the CEO of Hotels.ng, Nigeria’s biggest hotel booking site had some advice for Nigerian startup founders. In a recent post on his...


The Term Stock Market Volatility

The Term Stock Market Volatility

Stock market volatility is clearly explained in this...


How to Know If It’s A Ponzi Scheme

How to Know If It’s A Ponzi Scheme

If it is too good to be true then it really isn't...


​ ​ Who Are Venture Capitalists? 

​ ​ Who Are Venture Capitalists? 

Deep analysis of the role of a venture...


The Term Capital Structure

The Term Capital Structure

Capital structure is the mix of the long-term sources of funds used by a firm. It is made up of debt and equity securities...


Nigerian start-ups can learn from this American start-up that raised $9million using 9 slides

Nigerian start-ups can learn from this American start-up that raised $9million using 9 slides

Nigerian start-ups can learn from this American start-up that raised $9million using 9...


The Term ‘Counter-party’

The Term ‘Counter-party’

A counter-party is described as an entity or other party that participates in a financial transaction. In the financial world, every transaction must have...


A Theory Of Share Allocation For Startups

A Theory Of Share Allocation For Startups

A theory on how to determine who gets what in a startup is...