CATEGORY: FINANCIAL LITERACY

Taxation For Nigerian Musicians…..A Simple Guide

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....


How to avoid paying taxes in Nigeria

Tax like they say is the only constant thing in life along with rain. Tax is a statutory obligation of every citizen and businesses...


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*NOTE: The article for the above post is now outdated following the 2011 amendment of the Personal Income Tax Law.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...


Investing in Nigerian Bonds – Beginners Guide

Investing in Nigerian Bonds – Beginners Guide

I’m sure you’ve probably come across the word “Bonds” before. Either in the news, online or on the pages of a newspaper. I can...