Oil has formally been found in Northeast — NNPC
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Oil has formally been found in Northeast — NNPC
This is good news coming from the NNPC as the...
Business 101: Charts of Accounts Basics
Business 101: Charts of Accounts Basics
Accounting is the bedrock of any business success and revolves around the entire functions of the organization.
The profession has been in existence...
Your Business And Internal Rate Of Return: What You Must Know!
Your Business And Internal Rate Of Return: What You Must Know!
The internal rate of return (IRR) is a criterion used in the financial budgeting of finances in...
40,000 registered companies removed from CAC database
40,000 registered companies removed from CAC database
The Corporate Affairs Commission (CAC) has delisted 40,000 registered companies for non performance and lack of activities.
CAC in a statement says:...
VAT threshold of N25m: All you need to know
VAT threshold of N25m: All you need to know
Nigerian President, Muhammadu Buhari has increased VAT threshold to businesses with N25million annual turnover and above.
The new 7.5% Value...
IMF backs proposed 7.5% VAT
IMF backs proposed 7.5% VAT
The International Monetary Fund (IMF) has thrown its weight behind the proposed 7.5% Value Added Tax (VAT), adding it's a step in the...
Businesses With Less Than N25m Turnover Are Now VAT Exempt
Businesses With Less Than N25m Turnover Are Now VAT Exempt
According to Ben Akabueze, Director General of Nigeria’s federal budget office, the new 7.5% Value Added Tax (VAT)...
Accounting For Beginners: Rules Of Debit And Credits
Accounting For Beginners: Rules Of Debit And Credits
Debit and credit are additions to or subtraction from an account. In accounting, debit refers to the left hand side...
2020 budget: Nigeria to spend N2.45trn servicing debt
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2020 budget: Nigeria to spend N2.45trn servicing debt
The largest and most populous black African nation, Nigeria, will be...
2020 budget calculated on proposed 7.5% VAT
2020 budget calculated on proposed 7.5% VAT
Do you know that our new budget for 2020 is calculated based on the proposed 7.5% Value Added Tax (VAT)?
Read this...
