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Tax - Expenses Allowable For Deduction From Profit In Nigeria

Tax – Expenses Allowable For Deduction From Profit In Nigeria

  Companies in Nigeria are statutorily required to pay 30% of their taxable profit as company income tax. However, before that tax is paid the tax...
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...
Avoid paying taxes

How to obtain an Income Tax Clearance Certificate for your company

In this article I am going to take you through a practical way of obtaining a tax clearance certificate from the Federal Inland Revenue...
LTD AND PLC

Difference Between a PLC and an LTD

Aside full meanings, avail yourself the opportunity to differentiate between a #PLC and #LTD #Learn #Finance #Education #Nairametrics
Is there a legitimate Nigerian business that can guarantee 5-10% monthly interest?

Is there a legitimate Nigerian business that can guarantee 5-10% monthly interest?

Is there really a legitimate business that can guarantee investors 5-10% monthly return on investment?
Nigeria VAT

Who pays for Value Added Tax and Withholding Tax?

Let's explain this once and for all.

10 Tips You Must Know When You Seek For A Bank Loan In Nigeria

Every business at some point in its operating cycle will require some form of finance to pay its short term indebtedness or to fund...
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...
shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Fast loan: Palmpay, Carbon, Page, Okash, other start-up fintechs wrestle banks, Six Fintech startups with worst loan & savings app service 

Fast loan: Carbon, Page, Okash, other start-up fintechs wrestle banks 

Today, November 13, Palmpay, an African-focused mobile payment startup, will launch in Nigeria.
bad, loans, steps, negotiate, Tax Waivers for startups - Emotional intelligence

How to calculate deduction for employee compensation scheme

Just some years ago, the National Assembly replaced the Workmen's compensation act with the Employee Compensation Act (ECA).
Avoid stocks, experts list business ideas for 2020

Avoid stocks, experts list business ideas for 2020 

Nigerian entrepreneurs have been advised to consider viable businesses that will require little to zero capital to start.
reducing expenses, money, save

Beginners’ Guide: How to compute capital gains tax in Nigeria

Beginners' Guide: How to compute capital gains tax in Nigeria

Why Nigerian Music Videos Cost So Much

The Nigerian Music Industry has transformed over the years, evidence is the quality of videos that are now key components of such transformation. In the...
What is a HMO

Explained: What is an HMO?

An HMO is an acronym for a "Health Maintenance Organisation" in Nigeria. They are companies mandated solely to manage the provision of health care...
Cold Room Business in Nigeria - nairametrics

My Hustle: How I make money from operating a cold room business

Cold room business is one of the most lucrative in the SMEs sector. Every day, many businessmen and women work hard to take advantage...
Avoid paying taxes

How to avoid paying excessive taxes in Nigeria

Taxes are statutory obligations of every citizen and businesses in a country. It is thus a major factor in determining how much income you...

World Bank picks holes in CBN’s policies on lending, MSMEs loans

The Central Bank of Nigeria (CBN) has been warned by the World Bank to seize supporting undercapitalised banks in the country.
Official: Comprehensive LASG Motor Vehicle Licensing, Number Plates, Change of Ownership Etc. Rates

Official: Comprehensive LASG Motor Vehicle Licensing, Number Plates, Change of Ownership Etc. Rates

  I was at the Lagos State licensing office recently hoping to get my new drivers license on the way. While waiting I came across...

7 Ways to Transfer Money Abroad from Nigeria

Most Nigerians are used to receiving money from abroad. We all have loved ones, friends or business partners who send money to us for...
CBN Gov Godiwn Emefiele

Explained: Bank Charges, Fees & Interest Rates approved by the CBN

Explaining The New Bank Charges, Lending And Deposit Rates Announced By The CBN The Central Bank on Nigeria released a new set of guidelines to...

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...

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...
taxes, tax, business, FAAC disbursed N617billions in April, as South-South scoop N72billions, VAT, Finance Minister, Zainab Ahmed says Nigeria VAT collection rate is low, NBC, Rite Foods, others to pay new tax as FG identifies new revenue streams ,,Finance Minister reveals how World Bank, AfDB pushed FG into requesting Chinese loan 

Taxes to consider before starting a business

Taxes you need to be aware of if you are about to start a business
Breaking News, Godwin Emefiele, Senate confirms Emefiele's re-appointment for second term

NIRSAL MFB to offer loans to SMEs at 5% interest rate

NIRSAL Microfinance Bank would provide loans to small businesses at a single digit interest rate of five per cent, according to CBN Governor.
CBN, Key lending rate, CBN to boost creative industry with N22 billion , CBN increases LDR to 65%, sets December deadline, External reserves drop by $3.2 billion in Q3’19 , Banks' loans to Oil and Gas, Power, other sectors drop by N411.8 billion 

CBN increases LDR to 65%, sets December deadline 

The CBN has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits.
OPay raises fresh $120 million from Chinese investors 

OPay raises fresh $120 million from Chinese investors 

Nigerian fintech startup, OPay has raised $120 million in a Series B funding round.
MSME's, Development plan, Guaranteed return

14 ways to turn your small business into an asset of value

As an entrepreneur, there’s only one goal you should be aiming at – "To turn your business into a wealth-creating asset of value.’’ This perspective is according to renowned Venture Capitalist and Business Growth Accelerator, Pavlo Phitidis. 
bad, loans, steps, negotiate, Tax Waivers for startups - Emotional intelligence

A look at some financing options for small business owners

A look at some financing options for small business owners #SME #MSME #Entrepreneur

Tools you need to start a goat farm in Nigeria

Despite the increasing business ideas and opportunities in the country, livestock farming seems to be the most lucrative. There are many areas you could...