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Tips, information and tools for Nigerian Startups, Micro, Small & Medium Scale Businesses

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...
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.
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...
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
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...
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...

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...
Nigeria VAT

Who pays for Value Added Tax and Withholding Tax?

Let's explain this once and for all.
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).
reducing expenses

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...
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...
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...
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...

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...
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...

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...
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...

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, 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.
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 

Taxes to consider before starting a business

Taxes you need to be aware of if you are about to start a business
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. 

Frequently Asked Questions: Nigeria’s New Exchange Rate Policy

Flexible Exchange Rate Policy; Frequently Asked Questions.   A new dawn in Nigeria's exchange rate policy was ushered in on Monday June 20th by the Central...
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
10 Books you should read to cultivate an entrepreneurial mindset

10 Books you should read to cultivate an entrepreneurial mindset

To start and grow a thriving business, you need to make books a regular part of your diet. Just like food is for the nourishment to the body, so are books the nourishment to the mind.

Difference Between WDAS & RDAS

The Central Bank recently introduced sweeping Foreign Exchange guidelines that is expected to eliminate or drastically reduce money laundering as we approach another election...

What Is Zero Rated Vat in Nigeria?

Summary VAT is a consumption tax levied at 5% on the supply of goods and services. You can claim VAT by deducting your Input Vat from...
Mira Mehta of Tomato Jos speaks to Nairametrics, Tomato crisis in Nigeria, Tomato production in Northern Nigeria, Twitter Tweet Chat

How Jos inspired Finnish entrepreneur, Mira Mehta, to establish famous ‘Tomato Jos’

When Mira Mehta made the decision to relocate to Nigeria in 2014, her father questioned her choice of residence.
FIRS could seal your office if you get these two notices

FIRS could seal your office if you get these two notices

FIRS has made it clear to businesses in Nigeria that it is serious about tackling tax evasion.
How to Calculate Deductions for the Employee Compensation Scheme

How to Calculate Deductions for the Employee Compensation Scheme

In 2011, the National Assembly replaced the Workmen's Compensation Act with the Employee Compensation Act (ECA).
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